Since voluntarily filed returns could not be revised through additional evidence under Rule 29 of the ITAT Rules (Income Tax (Appellate Tribunal) Rules, 1963) and additional evidence was inadmissible ...

California's ongoing saga over local tax initiatives may ramp up again as tax gadflies vow to put a measure on the 2026 ballot.

ITAT Chennai held that revisionary powers exceeded by PCIT since rectification order passed by AO is neither erroneous nor prejudicial to the interest of revenue. Accordingly, order of PCIT u/s. 263 ...

SAN FRANCISCO (KRON) — Governor Gavin Newsom signed a bill Monday reducing California’s cannabis tax from 19% to 15%, effective until 2028. The tax reduction aims to support the legal cannabis market ...

SAN DIEGO — California transportation officials are exploring a new way to fund road repairs as revenue from the state's gas tax is expected to decline due to the increasing adoption of electric ...

SINGAPORE/NEW DELHI - Coal prices in India will fall after revisions to taxes on the fuel that generates nearly 75% of the country's electricity, industry officials and analysts said, as a higher ...

California is in the middle of a housing policy crisis that is stubbornly hard for lawmakers to solve. Families are struggling to pay rent. First-time buyers are watching prices climb out of reach.

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Amid speculation of a presidential run in 2028, California Governor Gavin Newsom has urged Democrats in ruby-red South Carolina to spend more time in Republican-leaning counties, in an effort to ...

Small dispensary owners worry the 4% tax increase will drive customers to illegal markets, while youth program advocates defend the revenue allocation California's legal marijuana industry is facing a ...

Assembly Bill 1138, which expands the eligibility rules and benefits for California’s Film and TV Tax Credit Program, has passed the state senate and was signed into law by Gov. Gavin Newsom on ...