Normally, the statute of limitations to claim a refund is three years from when you filed the return or two years from when ...

The Court held that Section 119(2)(b) empowers condonation to avoid genuine hardship and rejected a hyper-technical denial of tax benefit. Delay in filing Form 10-IC was condoned and Section 115BAA ...

New IRS rules for inherited IRAs became effective last year. Pay attention to avoid a 25% penalty and a "tax bomb".

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The Income Tax Appellate Tribunal (ITAT) at Delhi has set aside a revision order passed against Senior Advocate Mukul Rohatgi ...

The Tribunal held that non-filing of Form 10CCB along with return is a curable defect. A genuine start-up cannot be denied deduction under Section 80-IAC merely on procedural ...

The issue was whether late filing of Form 10AB mandates rejection of registration. The Tribunal held that bona fide delay can be condoned and remanded the matter for fresh ...

An Ipswich man accused of dishonestly obtaining a £12,000 tax rebate by providing false information on self-assessment income tax forms has ...

BIDDEFORD (WGME) – Biddeford is off the hook for more than $700,000 after the IRS waived fines for late filings. Also read: Biddeford faces $700,000 fine from IRS The city manager says a staff member ...

The High Court allowed manual filing of GSTR-3B where ITC could not be claimed due to an earlier error. The Court clarified that such filing would not automatically affect the confirmed tax ...

The Bombay High Court held that a pending penalty appeal qualifies as a “dispute” under the Vivad Se Vishwas Scheme. Rejection solely for absence of assessment appeal was set ...