The core issue was the denial of Foreign Tax Credit (FTC) due to two contradictory CIT(A) orders, one of which cited the late filing of Form 67. The ITAT ruled that since Form 67 was filed before the ...

Ordinance, 2025, aligns state law with Central GST changes from the Finance Act, 2025. Key amendments cover tax on penalty appeals, ITC restrictions, and the new Track and Trace mechanism for ...

(The Center Square) – Ten of the 17 constitutional amendments on the Nov. 4 ballot restrict some form of taxation. Early ...

The ballot language: “The constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of all or part of the market value of the residence homestead of the ...

Enzon Pharmaceuticals, Inc. (OTCQB: ENZN) ("Enzon" or the "Company") and Viskase Companies, Inc. (OTC Pink Limited: VKSC) ("Viskase") ...

Anti-abortion groups are pressuring the GOP to ensure that any new tax credits for Obamacare plans will not fund abortion ...

The ITAT Chennai directed the CIT(E) to reconsider a trusts 80G application on merits, ruling it couldnt be rejected mechanically on grounds of delay. The Tribunal held that since the Finance Act, ...

Michigan has “become, in a lot of ways, sort of a central location for illicit operations, because the penalties for illicit ...

KRCC News sent detailed surveys about some of the most critical issues facing city leaders to the candidates running for ...

Four marijuana-related bills were up for consideration before a House panel on Thursday, with one aiming to upend rules on ...

Gujarat High Court held that rejection of declaration in Form No. 1 under DTVSV Scheme, 2024 since manual appeal is filed by NRI petitioner is not justifiable. Accordingly, communication rejecting ...

ITAT Mumbai ruled that a tax demand raised due to a typographical or inadvertent error, without any malafide intention, is invalid. Tribunal observed that assessee should not suffer unnecessary ...