I-T tribunal junks Cong plea to stop action against bank accounts

The Income Tax Appellate Tribunal on Friday dismissed the Congress party's appeal against imposition of penalty for discrepancies in tax returns for previous years and said it was exploring all......

Congress challenges I-T order in tax penalty case in Delhi HC

The Congress on Monday moved the Delhi high court challenging the dismissal of its plea by the Income Tax Appellate Tribunal (ITAT) against the imposition of penalties for discrepancies in certain......

Madras HC issues notice to AR Rahman in tax evasion case

The Madras high court on Friday issued notice to music composer A R Rahman on a petition filed by the Income Tax department alleging that he used a foundation in which he is the managing trustee as......

Delhi HC dismisses Cong's pleas against tax proceedings

The Delhi high court on Thursday rejected petitions by the Congress challenging the initiation of tax reassessment proceedings against it for a period of four years by tax authorities. Photograph:......

No Time Cap on Tax Pleas: FinMin

'As a result of delays, the desired reliefs are not coming for taxpayers.' IMAGE: Finance Minister Nirmala Sitharaman addresses the North East Roundtable in Shillong, July 11, 2025, on the Prime......

Foreign banks get a breather on income-tax

Foreign banks will now pay a flat 35 per cent corporate tax plus 2.5 per cent surcharge following the Income-Tax Appellate Tribunal order.The ITAT stated that the department cannot levy tax on a......

Rs 1,000 Crore Tax Refunds Expected Before New I-T Law

'We want to clear these pending refunds so that no issues arise once the new I-T Act takes effect.' Illustration: Dominic Xavier/Rediff   Ahead of the implementation of the new income tax law......

Can This Budget Deliver Strategic Growth and Jobs?

India is growing fast, but to keep growing strong, the government must make more things at home, create jobs, and spend money wisely, suggests Rajiv Memani, regional managing partner, Africa-India......