The assessee sought relief citing internal lapses and adviser dependence. The Tribunal ruled that consistent audits and filings undermined claims of ignorance. Long delays require specific, convincing ...

Found an error in your tax return and unsure what to do next? Is there any penalty if you correct it by filing a revised ITR ...

The Income Tax Department has rolled out a major update on its e-filing portal, enabling taxpayers to submit rectification ...

The Tribunal held that AIR-triggered reopening and additions cannot stand where an NRI explains investments with foreign remittance evidence, and remanded the case for fresh ...

Income Tax Refund Status, Risk Management for AY 2025-26 Explained: The messages and e-mails from the Income Tax Department, asking people to file revised returns by December 31, have invited ire.

We estimate income and taxes for the wealthiest group of US households by matching Forbes 400 data to the individual, business, estate, and gift tax returns of the corresponding group in 2010–2020. In ...