The Internal Revenue Service issued updated frequently asked questions on Form 1099-K on Oct. 23, 2025, clarifying reporting requirements for third-party payment networks under the One, Big, Beautiful ...

Non-service of notice and denial of hearing before adjudication under Section 73 violates Section 75(4) and the principles of natural justice, therefore, the demand order passed ex parte under Section ...

The issue was the summary dismissal of the taxpayer's appeal by the CIT(A) for non-compliance, despite giving only a one-day ...

Where inspection reports and material evidence establish non-functional business activity and assessee failed to avail ...

What is the welfare state America wants, and what is the one it can afford? This is not a question Americans are ready to ...

The ITAT Pune quashed reassessment proceedings, ruling them void ab initio because the requisite approval under Section 151(ii) was granted by the Principal Commissioner of Income Tax (PCIT) instead ...

The West Bengal Authority for Advance Ruling (AAR) clarifies that Cotton Seed De-oiled Cake (HSN 2306) is fully exempt from ...

The core issue was the disallowance of Rs.169 Cr in Customer Acquisition Cost (CAC), treated as capital expenditure for an enduring benefit. The ITAT deleted the addition, ruling that routine, ...

Tribunal compared Juniper’s interlinked trading and service activities to the egg-or-chicken story, holding entity-level TNMM appropriate and deleting the TP ...

An out-of-state dark-money group is spending an untold amount of money on ads taking aim at City Council incumbents Maggie ...

As New Yorkers cast their ballots in the city’s mayoral race, Democratic mayoral nominee Zohran Mamdani sent a message to ...

Legislation passed on July 4 brought a major shift to the firearms suppressor world. Starting Jan. 1, 2026, the $200 federal ...