Taxpayers: The taxpayer or their authorized representative can request a prompt assessment for personal income tax returns, business tax returns, or partnership returns. Fiduciaries generally make ...

The Delhi High Court has turned down the contention that an Assessing Officer, at the stage of passing an order under Section ...

But disclosing is a way to get out of penalties, and it can also prevent the IRS from extending the usual three-year limitations period for assessment of income tax. For example, if you omit more ...

ITAT Ahmedabad held that order passed u/s. 263 of the Income Tax Act is liable to be set aside since PCIT failed to consider or deal with any arguments or submission filed by the assessee.