This article explains the five most frequent issues arising in modern income tax assessments, including unexplained cash deposits, Section 68 credits, data mismatches, cash transaction penalties, and ...

The Income Tax Appellate Tribunal has clarified the limits of Section 263 of the Income Tax Act. A recent ruling quashed a revisionary order, emphasizing that tax authorities cannot use this section ...

The High Court set aside income tax assessments after holding that a specific written request for personal hearing cannot be rejected on technical grounds such as failure to activate a portal link.

India's tax structure is becoming more progressive, with direct taxes accounting for 58.5% of total collections in FY25.

Revenue Secretary Arvind Shrivastava has called for a strategic shift in India's customs administration, moving toward a technology-driven, trust-based model.

Arvind Srivastava says next phase of customs reform must deepen stakeholder trust and leverage technology as India's ...

The biggest task before the CBIC now is that the vision embodied in policies is actually realised and genuinely felt by the ...

New HMRC figures show that around one million people missed the 31 January deadline, instantly triggering fines and setting many up for further penalties in the weeks ahead. HMRC confirmed that 11.48 ...

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Abstract: Reconstructive surgeries have multiple purposes, sometimes they are oriented toward esthetic objectives, and in other cases are used to restore consequences of accidents and other ...