Income tax: If you have filed your income tax return (ITR File), but all the information in it has not been filled correctly, then you can be fined up to Rs 10 lakh. The Income Tax Department is ...

The Gujarat High Court quashed a Section 153C notice due to a 22-month delay in recording the satisfaction note, ruling it violated Supreme Court guidelines for immediate post-assessment ...

The Court ruled that reassessment proceedings initiated by a non-faceless officer violate the faceless regime. Both the Section 148 notice and the assessment order were quashed, subject to the Supreme ...

In late May, the Franchise Tax Board sent erroneous notices to about 30,000 Californians saying they underpaid their state income taxes for 2015. The notice sparked so many calls to the tax-collection ...

The IRS says it’s in the process of updating income tax forms and instructions for taxpayers to use this filing season that ...