The AO initially assessed total additions amounting to ₹5.10 crores under sections such as 40a(ia) for non-deduction of TDS, unexplained cash credits under Section 68, and income from other sources.

Bollywood superstar Shah Rukh Khan secured a significant victory as the Income Tax Appellate Tribunal (ITAT) ruled in his favor, setting aside reassessment proceedings for the 2011-12 financial year.

Mumbai ITAT ruled in favor of M Gulati, confirming his non-resident status as he spent 210 days abroad. The tribunal clarified that both employment and job search periods abroad qualify for non ...

A Bollywood actor wins a major tax case on Foreign Tax Credit (FTC). Learn how FTC works, key legal takeaways, and how to ...

Indian tax authorities have singled out Volkswagen as the only automaker to wrongly classify its car imports for 12 years to evade $1.4 billion in taxes, even as rival Kia changed its practice ...

India says it has not committed to slashing import duties on US products, days after President Donald Trump announced that New Delhi had agreed to "cut their tariffs way down". Only weeks into his ...

The Mumbai High Court is expected to decide within days the outcome of Volkswagen's challenge to its own tax demand. Indian tax authorities have singled out Volkswagen as the only automaker to ...

NEW DELHI, Feb 26 (Reuters) - Indian tax authorities have singled out Volkswagen as the only automaker to wrongly classify its car imports for 12 years to evade $1.4 billion in taxes, even as ...

Indian tax authorities have singled out Volkswagen as the only automaker to wrongly classify its car imports for 12 years to evade $1.4 billion in taxes, even as rival Kia changed its practice ...

Many non-resident Indians (NRIs) are receiving Income Tax notice under Section 143 (1) (a) of the Income Tax Act, 1961 ...