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DAY 1 SUMMARY
Warren Buffett: If past data told you the future, the Forbes 400 would comprise librarians; beware of geeks bearing formulasEverybody had run to cash and government bonds, and everybody agreed it was the sensible thing to do. Warren Buffett called it the third bu...- England’s new era begins in style as Pakistan collapse on Day 1 at HeadingleyEngland's new era started strongly with pacers Robinson and Tongue taking five wickets each. Pakistan collapsed from 117-3 to 171 all out, ...
- Trump urges Fed to cut interest rates, says 'they are so afraid of inflation'US President Trump wants the Federal Reserve to lower interest rates soon. He believes the central bank fears inflation and should not rais...
- SBI's error in depositing TDS cost landlord Rs 2.7 lakh in TDS credit; Landlord fights in ITAT Agra and wins the caseSBI paid Rs 40.62 lakh rent to three landlords but erroneously reported entire TDS against one landlord's PAN, leading to tax dept denying ...
- Parents win back their flat gifted to son as tribunal finds son failed to take care of parents; Bombay HC orders son to vacate the propertySon promised to care for elderly parents after receiving their Mumbai flat as gift; however, he failed to do so; Bombay High Court cancels ...
- Care Health Insurance rejected heart attack patient's mediclaim over ‘pre-existing diabetes, hypertension’: Court says these are ‘lifestyle diseases’; orders insurer to pay Rs 2.1 lakhCare Health Insurance has been ordered to pay Rs 2.1 lakh after a Delhi consumer commission ruled that rejecting a heart attack patient's m...
- Quote of the Day by Taylor Sheridan: "Bad people sometimes do good things, and good people do really bad things..."Quote of the Day by Taylor Sheridan: “Bad people sometimes do good things, and good people do really bad things or do something the audienc...
- Rs 1.33 crore cash deposit, no ITR filing, yet senior citizen wins income tax case; ITAT Bangalore explains whyRetired teacher from Mysore deposits Rs 1.33 crore cash in bank, files no ITR; tax dept issues notice; he wins case in ITAT Bangalore as ta...
- Fed says too little, RBI is too predictable. Both may have a problemThe US Fed and RBI face opposite communication risks: Kevin Warsh’s reduced guidance leaves markets uncertain about how the Fed will react,...
- Can housing society clamp your wrongly parked car with a wheel jammer? Maharashtra court says yes but with this conditionMan purchased flat from PNB in auction but got only 1 parking spot for his 6 vehicles; housing society used wheel jammer to clamp wrongly p...
- More than 2-year delay in getting possession of the apartment, yet no compensation from MahaRERA; Know how accepting possession without protest hurt homebuyer's delayed compensation pleaHomebuyersgot no compensation for more than 2-year delay in possession of flat, MahaRERAorder; Know how accepting possession without protes...
- Gratuity tax deduction denied due to ITR filing error? ITAT Chennai says genuine claims can't be rejectedDue to incorrect schedule in original ITR gratuity tax deduction under Section 43B denied; ITAT Chennai gives relief and says a genuine ded...
- Irish proverb of the day: "Praise youth and it will flourish; fight wisdom and..." — Inspiring life lessons on humility, wisdom, lifelong learning, emotional maturity, self-growth, and why resisting hard-earned experience often becomes the fastest path to failure through timeless Irish folk wisdomToday's Irish Proverb of the Day: Irish proverb, "Praise youth and it will flourish; fight wisdom and you will break," offers a profound wa...
- Senior citizen fined for parking in open space wins relief; Maharashtra court orders housing society to allot a convenient parking spotSenior citizen allotted inconvenient parking spot by builder in 2011 leading her to park car in open space; Housing society levied penalty ...
- Winning with AI | Promptly employed: Winning CV via AIReviewing many CVs reveals a common problem of listing responsibilities instead of achievements and AI can help transform these job descrip...
- Man, who refused US job offer earlier, pays over Rs 1 crore income tax, says 'I'm earning for someone else'; sparks debateA man's Rs 1.14 crore income tax payment sparked debate on taxpayer value in India. He chose to stay in India despite overseas job offers t...
- Gold prices and long-term value: What you should knowLearn what influences gold prices, why gold is often considered a hedge against inflation, and how it can also support short-term financial...
- Reporting perquisite as capital gain in ITR by mistake resulted in Rs 6.63 crore penalty for a salaried employee; ITAT Mumbai granted him relief for this reasonRs 6.63 crore penalty imposed on salaried employee for reporting perquisite as capital gains in ITR; ITAT Mumbai grants relief, says salari...
- Gratuity forfeited, pension denied, and leave encashment delayed for 9 years due to criminal proceedings leading to employee's conviction; family fought back in Delhi High Court and won 6% interest on leave encashment on this groundGratuity, pension forfeited but only leave encashment paid after nine years delay without interest; retired employee wins case in Delhi Hig...
- Nifty’s 5-day fall may be nearing a reversal; Anand James maps key levels for this weekThe consecutive falls that resigned Nifty to a close below lower bollinger band on Friday raises the prospects of a mean reversion move. Fu...
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