The ITAT Mumbai restricted a bogus purchase addition to the profit element, distinguishing the case from a prior ruling because the assessee provided a source for the ...

The ITAT Mumbai deleted a penny stock addition, ruling that the income tax department's reliance on suspicion and a general investigation report was insufficient to dislodge the assessee's proof of ...

Indian Prime Minister Narendra Modi confronts U.S. President Donald Trump's unilateral tariff imposition. India is urged to devise a strategic ...