The exemption was rejected only due to delayed electronic filing of Form 10. The Tribunal ruled that procedural delay cannot override substantive compliance made before assessment ...

QDTE's daily covered call strategy on Nasdaq 100 delivers high yields and income, but requires caution due to payout ...

The tribunal held that delay in filing Form 10BB is only a procedural lapse and not a substantive bar to exemption. Where the audit report was available before processing, denial of section 11 ...

The dispute concerned cancellation of IDS benefits due to non-payment. The Tribunal held that once IDS lapses, undisclosed ...

The Tribunal set aside the appellate order after finding that no enquiry was conducted despite clear evidence in Form 26AS. The ruling underscores that undisputed pension income cannot be ignored ...

As is the case every year, we’re hearing from lots of folks confused about when to send a 1099 form or other “information ...

The Tribunal held that assignment of a life interest under a trust does not amount to transfer of land or building. Since only a limited, determinable right was transferred, Section 50C could not be ...

The tribunal ruled that section 263 cannot be invoked merely because the Commissioner believes further enquiry was possible.

The Tribunal held that CSR contributions received with strict donor directions and refund obligations may constitute tied-up grants rather than freely available income. Such funds require factual ...

ITAT Pune condoned an 897-904 day delay in appeals, holding the delay was unintentional and due to incorrect guidance. The case highlights that bona fide professional errors can justify condonation of ...

Socialists and progressives demand that the US adopt a “single payer” healthcare system in which the government provides ...

A panel of three judges in the Luzerne County Court of Common Pleas on Tuesday directed Luzerne County’s Bureau of Elections to invalidate the election certificate issued to Bruce Hunsinger indicating ...