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.

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

The CRA officer denied his second request for relief, concluding that the taxpayer’s misinterpretation of his RRSP deduction ...

Numbers compiled by the independent Commission on Government Forecasting and Accountability show FY25 concluded with $54 ...