Tag: ITAT

Income Tax Department increases thresholds for filing appeals in tax disputes
Posted in Economy

Income Tax Department increases thresholds for filing appeals in tax disputes

The Income Tax Department has raised the minimum threshold for filing appeals in tax disputes, streamlining the process for cases brought before the Income Tax…

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No Relief In ₹10l Tax Fine For Not Disclosing Foreign Assets
Posted in Finance

No Relief In ₹10l Tax Fine For Not Disclosing Foreign Assets

Mumbai: Income tax authorities are increasingly issuing show-cause notices seeking explanations on foreign investments not disclosed in ‘schedule-FA’ in tax returns. A recent order of…

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