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International Taxation

82 posts
Assessee Not Liable To Be Taxed On Cancellation Of Indebtedness Income: US Tax Court

Assessee Not Liable To Be Taxed On Cancellation Of Indebtedness Income: US Tax Court

The US Tax Court held that the assessee is not liable for…
Settlement Officer Didn’t Abuse Discretion In Rejecting Offer-In-Compromise-Effective Tax Administration

Settlement Officer Didn’t Abuse Discretion In Rejecting Offer-In-Compromise-Effective Tax Administration Based On Economic Hardship: US Tax Court

The United States Tax Court has held that the settlement officer (SO)…
US Tax Court Dismisses Case On Failure Of Dept. Prove Deficiency Notice Properly Mailed To Assessee

US Tax Court Dismisses Case On Failure Of Dept. Prove Deficiency Notice Properly Mailed To Assessee

Just like Indian Tax Department, the US tax department has failed to …
Failure Of Assessee To Prove Business Activity, Tax Deduction Not Allowable: US Tax Court

Failure Of Assessee To Prove Business Activity, Tax Deduction Not Allowable: US Tax Court

The United States Tax Court has held that taxpayers/assessees have failed to…
Corporation’s Net Income To Be Considered As Taxpayer’s Income Even Though Not Received By Him: US Tax Court

Corporation’s Net Income To Be Considered As Taxpayer’s Income Even Though Not Received By Him: US Tax Court

The United States Tax Court has held that the corporation’s net income…
Owner Of Capital Interest In Partnership Be Recognized As Partner Regardless Of Participation: US Tax Court

Owner Of Capital Interest In Partnership Be Recognized As Partner Regardless Of Participation: US Tax Court

The United States Tax Court has held that the owner of a…
Ex-Wife Not Involved In Business Decision During Husband’s Affair, Gets Relief From Couple’s Joint Tax Debts : US Tax Court

Ex-Wife Not Involved In Business Decision During Husband’s Affair, Gets Relief From Couple’s Joint Tax Debts : US Tax Court

The US Tax Court gave relief to the ex-wife not involved in…
Canada-U.S. Income Tax Treaty Bars Collections Hearing By United States: U.S. Tax Court

Canada-U.S. Income Tax Treaty Bars Collections Hearing By United States: U.S. Tax Court

The United States Tax Court has held that Canada-U.S. Income Tax Treaty…
Assessee Unaware About Income, Expenses And Tax Law; Canada Tax Court Deletes Gross Negligence Penalty

Assessee Unaware About Income, Expenses And Tax Law; Canada Tax Court Deletes Gross Negligence Penalty

The Canada Tax Court has deleted the gross negligence penalty against the…
e filing

Income Tax Electronic Filing System Stands In Clerk’s Place; Last Day For Electronic Filing Ends Where Clerk’s Office Ends: US Tax Court

The US Tax Court has held that as per the rules a…