We often think that Form-16 is only used for filing tax returns. Most employed people receive it every year from their ...

ITAT Delhi nullified a reassessment, ruling that mandatory sanction under Section 151 was invalid because it was granted by Principal Commissioner (PCIT). Tribunal held that reopening assessments ...

As the deadline for filing income tax returns (ITR) for Assessment Year 2025-26 approaches, taxpayers are being cautioned to exercise utmost care while preparing their returns. New tax regulations ...

Bombay High Court set aside reassessment proceedings for AY 2016–17 as the sanction was granted by an unauthorized officer, holding that approval must come from senior authorities under Section ...