ITAT Mumbai held that the addition in respect of bogus purchases is to be limited to the extent of bringing the gross profit rate on such purchases at the same rate as of other genuine purchases.

ITAT Ahmedabad remands Ratansinh Solanki's case, setting aside Section 69A additions. Fresh adjudication ordered, allowing admission of additional evidence for cash ...

Republicans just delivered Donald Trump a “big, beautiful” legislative win. Now they’re fretting it will lead to some ugly electoral losses. GOP lawmakers are warning that slashing spending on ...

U.S. House Republicans cleared the “big, beautiful bill” for President Donald Trump’s signature Thursday, marking an end to ...

Despite uncertainty over the economy and federal funding during the second half of fiscal year 2025, the year closed on June ...

The legislation extends Trump’s 2017 multitrillion-dollar tax cuts and cuts Medicaid and food stamps by $1.2 trillion. It ...

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and ...

Iowa's U.S. House members — all Republicans — voted Thursday to pass President Donald Trump's $4.5 trillion tax breaks and ...

The One Big Beautiful Bill Act approved by Congress this week offers rewards first – and pain after the midterms.

Northwest Republicans helped the House pass President Donald Trump’s signature tax-and-spending legislation on Thursday, as ...

After an all-day, all-night marathon of intense pressure from the White House, the House Thursday passed and sent to ...