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Extended 10-Year Limitation For Initiating Reassessment Inapplicable...
The Delhi High Court has held that the extended 10-year limitation for initiating reassessment inapplicable without...
Assessee Not Liable To Be Taxed On Cancellation Of Indebtedness...
The US Tax Court held that the assessee is not liable for tax on cancellation of indebtedness income but is liable for...
Top Income Tax Deductions Every Freelancer Should Know
Author: Khushi J Prajapati While freelancing provides the freedom and autonomy to work at your own pace, one of its...
Corporation’s Net Income To Be Considered As Taxpayer’s Income Even...
The United States Tax Court has held that the corporation’s net income was the taxpayer’s even though he’d received...
Assessee Unaware About Income, Expenses And Tax Law; Canada Tax Court...
The Canada Tax Court has deleted the gross negligence penalty against the assessee who was unaware about income,...
Income Tax Deduction Allowable On Interest Income Earned From Deposits...
The Income Tax Appellate Tribunal Ahmedabad ruled that the Income Tax deduction is allowable on interest income earned...
