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GUJARAT LAND SOLD FOR CASH
Unsuspecting landowner got income tax notice as his land was sold for Rs 6.82 crore cash by someone via forged sale deed; he fights back and wins tax case in ITAT Ahmedabad on this groundFor Rs 6.82 crore cash notorious land grabbing gang sold land via forged sale deed with forged signature of landowner; however landowner go...- Mahatma Gandhi manuscript sells for record Rs 16.2 crore at Saffronart auctionMahatma Gandhi's reflections on truth and service sold for a record Rs 16.20 crore. This collection of 688 autographed messages was sent to...
- Global Market: SK Hynix unveils stock-based bonus plan for South Korean workersSK Hynix has reached a tentative wage agreement that would shift 60% of employee bonuses into company shares and deferred stock compensatio...
- At 86, a Pennsylvania farmer turned down more than $15 million from data-center developers and accepted $1.9 million instead, sending his land down a very different path: keeping the farm alive rather than turning it into a server campusAn 86-year-old farmer turned down a staggering $15 million for his Pennsylvania farms, choosing instead to accept $1.9 million via a conser...
- Man constructs a house before selling his old property and claims income tax exemption under Section 54; Income Tax Department sends notice; he wins case in ITAT DelhiConstructs house for Rs 47 lakh in Tilak Nagar, sells old property in Paschim Viharfor Rs 53 lakh, pays no tax, tax dept sent notice, man w...
- China's LandSpace lands rocket booster; joins SpaceX and Blue Origin with reusable techThe ability to return, recover and reuse a booster is crucial to reduce cost and make it easier to put satellites into orbit, turning space...
- West Bengal Tourism Minister seeks probe into tea garden land sale, usage during TMC regimeWest Bengal Tourism Minister Shankar Ghosh has alleged that land belonging to several North Bengal tea gardens was illegally transferred an...
- Wrapping cash in aluminium foil: Why are people putting their banknotes in kitchen foil to protect them?Wrapping cash in aluminium foil: Aluminium foil can provide an additional layer of protection for banknotes by reducing their exposure to d...
- Puravankara Q1 Results: Revenue surges 63% to Rs 877 crore; PAT at Rs 25 crorePuravankara posted impressive Q1 FY27 results with a remarkable twenty-eight percent rise in pre-sales. Year-on-year, total revenue soared ...
- Inherited mother's land, converted it into business stock, and invested over Rs 5 crore in a new home; ITAT Surat grants Section 54F tax exemption relying on a 1983 CBDT circular; Know whySon inherited 50% of mother’s land and took it in his real estate business as business stock; brought an even larger plot for Rs 2 crore cl...
- Rs 12.84 lakh, 800g gold seized; TMC leader's ex-bodyguard held in case linked to Bengal stone trader Tulu MondalSaigal Hossain, a former bodyguard, was arrested in a document forgery case. Police seized Rs 12.84 lakh in cash, around 800 grams of gold,...
- Alphabet becomes Berkshire Hathaway's third-largest investmentIn the second quarter, Berkshire Hathaway raised its investment in Alphabet by a significant eighty-three percent, positioning it as the co...
- Sonu Nigam buys small studio size 258.33 sqft office in Andheri for Rs 1 croreSinger Sonu Nigam has purchased a 258.33 sq ft commercial office in Mumbai’s Andheri West for Rs 1 crore. The deal, registered on August 6,...
- Property dealer deposits Rs 54 lakh cash in bank, files no ITR, gets tax notice, does not respond, wins case in ITAT Delhi; Know whyProperty buyers gave Rs 54 lakh to property dealer who deposited it in his own bank a/c; dealer gets tax notice, he fights and wins case in...
- From coffee to cars: Inside the Tata empire as its chairman steps downN Chandrasekaran will leave Tata Sons as chairman after failing to secure board approval for his reappointment, amid tensions with Tata Tru...
- Tribeca, Ira Realty to invest Rs 2,000 cr to build Trump-branded housing project in HyderabadTribeca Developers and Ira Realty will launch a Trump-branded luxury housing project in Hyderabad. This significant development involves an...
- Sold land for Rs 7.24 crore, paid no tax, received income tax notice; Know how Google Earth photos and revenue records helped taxpayer to win this case in ITAT AhmedabadFamily member sold his 1/3rd share of agricultural land for Rs 7.24 crore, pays no tax, tax dept sent notice, he wins case in ITAT Ahmedaba...
- Sold property for Rs 94 lakh despite a stamp value of Rs 1.93 crore, received an income tax notice under Section 50C; ITAT Chennai grants relief for this reasonChennai man sold property for Rs 94 lakh despite Rs 1.93 crore stamp duty value; so tax dept sent notice u/s Section 50C to tax the differe...
- Godrej Properties to generate Rs 20,000 crore operating cash flow by Mar'28, will invest for growth: ChairmanGodrej Properties expects over Rs 20,000 crore operating cash flow in upcoming fiscal periods. Strong sales bookings of Rs 8,651 crore in Q...
- Rs 22.94 lakh LTCG for land sale of Rs 92 lakh invited tax notice; Gujarat HC ruled in her favour after 9 years fight; Know whyLady got tax notice after selling land for Rs 92 lakh and reporting Rs 22.94 lakh LTCG in ITR; Know how Section 55A(a) helped her win case ...
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