The ITAT Ahmedabad cancelled the penalty under Section 271(1)(c) after setting aside the assessment for fresh adjudication, holding that penalty based on the original order cannot survive once the ...

A Bengaluru income tax officer was allegedly cheated of over ₹31 lakh in gold and cash by a roadside astrologer. After multiple rituals suggested by the astrologer, the officer was unable to retrieve ...

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Detroit Mayor Mary Sheffield on Monday, March 9 proposed the 2027 fiscal year budget, her first as the city's mayor.

China's first generation of wealthy entrepreneurs begins passing on $2.1trn to heirs, creating inheritance disputes and deepening inequality as economic growth slows.