The issue was whether personal capital could be compared with partnership capital to infer unexplained credits. The Tribunal held the comparison flawed and upheld deletion of the Section 68 ...

The Tribunal held that an assessment framed without issuing a compulsory notice under section 153C lacks jurisdiction. Even seized material cannot cure this foundational defect, rendering the order ...

Bhopal (Madhya Pradesh): A Special Investigation Team headed by a senior police officer may soon be formed for a detailed investigation into the high-profile banned meat case. Moreover, slaughterhouse ...

In early January, the IRS announced that the first day for filing 2025 tax returns would be today, Monday, Jan. 26, 2026. If ...

If you're ready to file your 2025 income taxes (and receive your potential tax refund) early, here is the information and ...

For some people, tax refunds could turn out to be much bigger in 2026 than expected after dramatic changes in key tax rules hit 2025 federal income tax returns. But the upcoming tax season likely will ...

LOUISVILLE, Ky. — Starting Jan. 1, 2026, Kentuckians will be paying less in individual income tax, dropping from 4 percent to 3.5 percent after state lawmakers passed a bill early in 2025 to approve ...

Certain types of student loan forgiveness is taxable again after a law expired in 2025 that shielded borrowers. The taxation change applies to the U.S. Department of Education's income-driven ...

The Earned Income Tax Credit (EITC) is a tax break designed to help those with low to moderate incomes. Its especially intended to benefit working parents who fall within those income ranges. The EITC ...

Depending on how much you've saved, you may have to pay federal taxes on your retirement income. On the state level, however, there's a lot of nuance: Some states don't have any income tax, while ...

Guam Visitors Bureau directors approved a contract for two fireworks shows to ring in the new year and two on Liberation Day, a deal for Guam’s Taiwan liaison office, and renewed an agreement for the ...

About 22 million Americans are currently receiving enhanced premium tax credits. Insurance subsidies that have helped millions of Americans pay for health coverage are set to expire as 2025 ends on ...