Non-speculative losses, such as those from F&O trading, can be set off against any income (except salary) within the same ...

In the case of an individual, theft losses stemming from scams through fraud and deceit are disallowed for tax years 2018 ...

The present appeal is preferred by the assessee. Notably, assessee has challenged the addition of Rs.54,39,870/- on account ...

The retailer lowered earnings expectations after a challenging start to fourth quarter trading, which an analyst termed ...

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers four questions on paper checks, ...

ITAT Mumbai held that the waiver of differed sales tax liability is a benefit accrued to the assessee arising out of its business hence the sum waived is taxable under section 28(iv) of the Income Tax ...