Sunday, October 12, 2025
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US tax court

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  prove that the deficiency notice was properly mailed to assessee, consequently, the...

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 was the taxpayer’s even though he’d received nowhere near that amount in...