The AO passed a rectification order while the core section 50C addition was pending fresh adjudication. ITAT ruled that such parallel adjudication leads to inconsistency and must be ...

The Tribunal held that when sales are not disputed, the entire value of alleged bogus purchases cannot be added under section 69C. Only the embedded profit element is ...

Thousands of tax refunds were suddenly put on hold. The message gave no reasons, no timelines. What is really going on inside ...

The Income Tax Department has recently reached out to several taxpayers through emails and messages, prompting many to worry ...

I-T department has issued most of the tax refunds for the people who had filed their income tax returns (ITRs) this year, but ...

The Income Tax Department is stepping up scrutiny for tax returns and many taxpayers are getting alerts to check t.

Several taxpayers have complained that they have received an email and/or SMS from the income tax department saying that ...

The taxpayer-backed Baltimore Children and Youth Fund pays its employees, on average, well above the median household income ...

Taxpayers who receive emails should log in to the e-filing portal and compare their ITR with Form 16 and Form 26AS. If the ...

Many salaried taxpayers are still waiting for their income tax refunds, and for a growing number of cases, the delay has ...

Income tax refunds for AY 2025-26 are delayed due to mismatches between exemption claims and Form 16 details provided by employers.