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Public Notice for Adhesion to Tax Settlement: Tax debts Related to Subsidies for Investments | Mayer Brown

Public Notice for Adhesion to Tax Settlement: Tax debts Related to Subsidies for Investments | Mayer Brown
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The Clock Is Ticking To File A Protective Refund Claim For 2022 Section 965 Installment Payments - Tax Authorities

Taxpayers watching the U.S. Supreme Court for the outcome of Moore v. U.S., No. 22-800, can do more than wait. As suggested in the firm's earlier alert (see here). ....

Us Supreme Court , Tax Litigation ,

What You Need To Know About The Latest Conservation Easement Decision

The allure for landowners to enter into these agreements often stems from the potential for a federal income tax deduction. ....

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Rs 20 lakh cr pending direct tax demands under litigation: Govt official

Of the pending demands, Rs 3,500 crore will be waived, as per the Budget announcement on Feb 1, 2024. ....

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To focus on big cases, Income Tax department to withdraw petty demands

The government will withdraw all outstanding income tax demands up to ₹25,000 for the period before FY10 and those up to ₹10,000 for the period between FY11 and FY14, finance minister Nirmala Sitharaman said. This move aims to reduce frivolous tax litigation and burden from the tax department. The decision will help close 11 million pending demands of income, wealth, and gift taxes, involving less than ₹3,500 crore. ....

Sanjiv Malhotra , Sanjay Malhotra , Arijit Ghosh , Nirmala Sitharaman , Nishith Desai Associates , Shardul Amarchand Mangaldas Co , Income Tax Act , Sridharan Attorneys , Shardul Amarchand Mangaldas , Income Tax Demands , Tax Cases , Tax Litigation , Direct Tax Demands ,