Seven Samsung India executives have asked a court to revoke penalties of $81 million included in New Delhi's $601-million tax ...

While Samsung's India unit faced a $520 million demand, employees were asked to pay penalties totaling $81 million for "knowingly and intentionally" playing a role in the misclassification of imports.

WASHINGTON (AP) — President Donald Trump on Friday threatened a 50% tax on all imports from the European Union as well a 25% ...

Seven Samsung India executives have asked a court to revoke penalties of $81 million included in New Delhi's $601-million tax demand from the company for allegedly misclassifying some imports, arguing ...

Samsung India official Ravi Chadha said the process was "rushed" Chadha has submitted a filing at the High Court in Mumbai Samsung said no grave offence has been committed ...

Vedanta has received a Rs 1,87,60,764 tax penalty order from the Coimbatore Commissioner of GST and Central Excise. The issue pertains to the utilization of Central Value Added Tax credits on the ...

Penalties to be leviedTo encourage timely compliance, the Income Tax Department has structured a tiered penalty system based on the time of filing. The system is as follows: For ITR-U filed within ...