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amlegals.com /2 weeks ago

Misclassified Tax Cannot Become A Lawful Levy: Limitation Cannot Validate An Unauthorised Tax Collection

Introduction The question of whether the Government can retain an amount collected as tax despite the absence of a lawful statutory liability has repeatedly arisen under the erstwh...

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taxprofblog.aals.org /1 month ago

Bloomberg: Highland Capital Says IRS Wrongly Taxed Great Recession Hedge

David Schultz (Bloomberg), Highland Capital Says IRS Wrongly Taxed Great Recession Hedge: A troubled securities trading firm says the IRS is improperly taxing a more than $166 mill...

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thetaxtalk.com /1 week ago

₹23.33 Crore Addition Deleted: ITAT Says Wrong ITR Column Is Not Undisclosed Income

₹23.33 Crore Addition Deleted: ITAT Says Wrong ITR Column Is Not Undisclosed Income A clerical mistake in the ITR cannot become taxable income when the amount was already discl...

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survivefrance.com /1 month ago

Avis d’imposition 2026

I have no idea but I just wish they would allow responsible adults to pay their way in the correct fashion. They have obviously made a ghastly mistake over the years with me and no...

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survivefrance.com /1 month ago

HMRC dual taxation form - problem with French tax office

You can list them on a single FFI (I know this cos it’s what I did and got NT codes for each)

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timesofindia.indiatimes.com /4 days ago

She declared Rs 43,796, misses Rs 14.02L; hit with 200% penalty, but ITAT gave relief

This is the case of a 57-year old non-resident Indian (NRI) woman who ended up under-reporting her income when she filed her Income Tax Return, and the gap was huge.

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timesofindia.indiatimes.com /2 weeks ago

Rs 30L salary, missed ITR after job switch; why ITAT cancelled Rs 3.74 lakh penalty

What appeared to be a filing lapse eventually turned into a tax penalty of Rs 3.74 lakh. The Income Tax Department took a strict view of the matter, maintaining that had the non-fi...

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survivefrance.com /1 month ago

Avis d’imposition 2026

No tax to pay as I paid “up front” last year apparently, doesn’t seem right to me as I filled in the same boxes as usual, won’t argue as they’re always right.

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thetaxtalk.com /1 week ago

₹5.01 Crore Suppressed Sales, But Only ₹10.02 Lakh Taxable

₹5.01 Crore Suppressed Sales, But Only ₹10.02 Lakh Taxable ITAT Mumbai Says Unrecorded Turnover Cannot Automatically Be Treated as 100% Income A business can have unrecorded sa...

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rappler.com /2 weeks ago

[Ask the Tax Whiz] Clarifying some tax issues related to ONETT transactions

ONETT refers to transactions that are subject to one-time tax compliance and processing with the BIR

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blog.saginfotech.com /1 week ago

ITAT Bengaluru Addresses ₹1.23 Lakh Tax Demand Caused by Consultant’s Wrong Tax Regime Selection

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, ruled that due to an error made by the tax consultant, the income tax return was processed under the old tax regime. As a...

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survivefrance.com /1 month ago

Nanny's tax declaration doesn't match her payslips

Hi,it should,t matter,paper or online,i still get the paper form every year and my salaried earnings are printed in the relevant box.

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dailymail.com /1 month ago

I'm sure my tax bill was bungled but HMRC insists its computer got it right: STEVE WEBB investigates

Even though I have written to and phoned HMRC, it is still maintaining that the calculation is correct.

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currentfederaltaxdevelopments.com /4 weeks ago

The Full Payment Requirement and the Presumption of Correctness: Jurisdictional Lessons from Pellegrino v. United States

Pellegrino v. United States, No. 1:26-cv-00403, 2026 WL (Fed. Cl. Aug. 20, 2026) In Pellegrino v. United States, No. 1:26-cv-00403 (Fed. Cl. Aug. 20, 2026), Judge Philip S....

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thetaxtalk.com /1 month ago

When Tax Rules Surprise You – The Taxman Isn’t Always Asking for More!

When Tax Rules Surprise You – The Taxman Isn’t Always Asking for More! Query 1] My income during the year from salary was ₹11,72,190/-, Interest & Other Income was of ₹55,247/-...

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currentfederaltaxdevelopments.com /1 month ago

Commingled Funds, Unsubstantiated Deductions, and the Binding Form of Transactions: A Technical Tax Analysis of Reed v....

Scott L. Reed and Stacy N. Reed v. Commissioner of Internal Revenue, T.C. Memo. 2026-64, Docket No. 13757-20 (August 5, 2026) The United States Tax Court’s recent decision in...

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accountingtoday.com /1 month ago

Tax Fraud Blotter: No hope with DOPE!

Improper personal expenses; satisfied clients; unpaid principal; and other highlights of recent tax cases.

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thetaxtalk.com /1 week ago

Forgotten Foreign Bank Account? ₹ 5 Lakh Shares? A New Tax Window Has Opened!

Forgotten Foreign Bank Account? ₹ 5 Lakh Shares? A New Tax Window Has Opened! A former student who returned to India years ago called me last week: “Sir, I worked in the UK bac...

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accountingtoday.com /1 month ago

Tax Fraud Blotter: Keys to the kingdom

Check churning; a Maserati and a McLaren; private family foundation; and other highlights of recent tax cases.

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moneytalksnews.com /1 week ago

Why a $10,000 IRA Withdrawal Cost This Retiree $2,220 in Tax — and How a 1984 Rule Makes It Happen

She never left the 12% bracket. Her tax bill said 22%. Here's the formula behind the gap, and how to dodge it.

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accountingtoday.com /2 weeks ago

Tax Fraud Blotter: Keep on truckin'

Special Tax Shelter Strategy; ghost prepared; material falsehoods; and other highlights of recent tax cases.

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businesstoday.in /1 month ago

Declared Australian salary in Indian ITR by mistake? Delhi ITAT says it can't be taxed under DTAA

The Delhi Income Tax Appellate Tribunal (ITAT) has provided relief to a taxpayer who inadvertently declared his Australian salary in his Indian ITR. It held that the income falls o...

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businesstoday.in /1 month ago

Section 10(14)(i) under new tax regime: Wrong claims can trigger income tax notices, warns tax expert

While taxpayers under the new tax regime have limited opportunities to claim exemptions, Section 10(14)(i) remains available for specified allowances provided by employers to meet...

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survivefrance.com /1 month ago

HMRC dual taxation form - problem with French tax office

Timp: I also read that NT codes are not issued for State pension and I think that that is the case. That’s correct as the state pension is always paid gross

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