The Tribunal ruled that purchases cannot be treated as bogus merely because suppliers did not reply to Section 133(6) notices. When books are audited, evidence is produced, and sales are accepted, ...

The issue was whether the entire amount of alleged bogus purchases could be disallowed under Section 69C. ITAT Mumbai held that in the absence of corroborative evidence, only the profit element can be ...

The IRS has released Form 4547, allowing parents to register eligible children for Trump Accounts when filing 2025 tax ...

Discover what accounting changes are, how they affect financial statements, and why full disclosure is essential for ...

Discover how the Accounting Principles Board (APB) set foundational accounting standards and influenced today's GAAP under the FASB in the financial reporting world.

The City of Billings will begin shutting off utilities next week for customers with delinquent balances who fail to set up a payment plan City Administrator Chris Kukulski announced in a news release.

Just before the new year, an alert went out from Have I Been Pwned, a security website that monitors data breaches: A hacker surfaced with information taken from Wired accounts, reportedly stolen ...

Eyewitnesses have been recounting the nightmare they saw after a fiery blaze erupted at a bar in Switzerland leaving dozens dead and others wounded earlier this week. "I thought my little brother was ...

Parents who put money into their children’s “Trump Accounts” might face a headache come tax time: Even the smallest contributions may require them to fill out a little-used gift tax form that can take ...

Millions of long-inactive users still hold crypto at Bithumb, highlighting how early retail capital can remain untouched for years. South Korean crypto exchange Bithumb flagged over $200 million in ...

A fearless mother leaped off a Carnival cruise dock to rescue her 4-year-old daughter, who slipped and became trapped between the ship and the pier. The wily child “briefly walked away from her mother ...

A mission was undertaken in Beirut, Lebanon, from September 2 to 4, 2025, by the IMF Middle East Regional Technical Assistance Center (METAC) with the objective of enhancing Syria’s national accounts.