The tribunal held that where key sales and purchase documents were not examined at assessment, the issue must be remanded. Cash deposit additions were set aside for fresh verification by the Assessing ...

Kolkata ITAT held that mere suspicion or self-made vouchers cannot justify ad-hoc disallowance of business expenses. Without evidence that expenditure was illegal or prohibited, Section 37 ...

Private school owners continue to face financial struggles after the state dramatically expanded the school voucher program ...

Applications for Texas Education Freedom Accounts can be submitted starting Feb. 4. The initiative reshapes how families can ...

The National Board of Revenue (NBR) has launched an automated online VAT refund system aimed at simplifying the refund process and ending the long-standing sufferings of taxpayers.

The National Board of Revenue (NBR) has taken a long-awaited step towards digitising tax refunds, moving away from the slow, manual process that businesses have long criticised as cumbersome and ...