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SC to hear Centre’s plea against HC ruling on income tax reassessmentThe Supreme Court will hear a government appeal on Friday. This appeal challenges a High Court judgment striking down Section 147A. This se...- Solar Industries shares crash 9% after acquisition of South Africa’s Omnia Holdings for Rs 12,951 croreSolar Industries shares fell sharply on Tuesday after the company announced the Rs 12,951 crore acquisition of South Africa’s Omnia Holding...
- BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitionsBRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more...
- Indian moves to US for job, forgets to file ITR, Income Tax Dept imposes Rs 8.29 lakh penalty; ITAT Jaipur cancels penalty and gives full reliefIndian employee working in US imposed with Rs 8.29 lakh penalty for missing to file ITR after moving to US; ITAT Jaipur cancels penalty and...
- Uncle opposed claim to grandfather’s 12-acre land after father’s name was removed; Supreme Court gives relief to childrenRemoving name from mutation records can’t take away ownership rights to land, rules Supreme Court; Here’s what landowners should know. Read...
- US Senators from both parties question OpenAI on breach of AI startup Hugging FaceSen. Josh Hawley, R-Mo., launched an investigation Thursday into OpenAI for its artificial intelligence system hacking into another AI comp...
- US lawmakers probe OpenAI over AI ‘going rogue’ as fears of human control growUS lawmakers are demanding answers from OpenAI about artificial intelligence safety. Senator Josh Hawley is investigating an incident where...
- HC strikes down retrospective tax law amendment; over 2 lakh taxpayers get relief, all eyes on Supreme CourtThe high court's recent ruling has dealt a significant blow to a controversial retrospective tax law, impacting around two lakh taxpayers. ...
- Jeff Bezos, world's third richest man, received $244,000 jet tax bill as LA County used a secret tracking system to catch wealthy aircraft ownersAmazon founder Jeff Bezos, who sits on a fortune of $263 billion as the third-richest man on the planet, was served notice by the Los Angel...
- From Saket to Satya Niketan: 16 killed in 5 building collapses in Delhi this yearFive building collapses in Delhi this year have claimed sixteen lives. Unregulated construction and ageing structures are common causes of ...
- Orangutans, found only in Indonesia and Malaysia, spotted nearly 4,000 km away in Odisha jungle. Govt probing how five primates reached IndiaOrangutan found in odisha: Five orangutans were rescued from the Bichitrapur forest area in Odisha’s Balasore district after villagers spot...
- Delhi school & office holiday September 11: Govt declares closure for BRICS Summit; check what to expect from September 11 to 13Delhi school & office holiday September 11: Delhi schools and government offices will remain closed on September 11 in view of the BRICS Su...
- Rs 25 lakh cash deposited in bank, income tax officer sends notice for unexplained cash u/s 69; Taxpayer wins case in ITAT Bangalore, here's whyEmployee deposits Rs 25 lakh cash in bank; tax officer sends notice for unexplained cash u/s 69; Employee wins case in ITAT Bangalore; Know...
- Venezuela's Nicolas Maduro asserts immunity, urges US judge to dismiss chargesOusted Venezuelan President Nicolas Maduro seeks dismissal of drug charges. He argues for head-of-state immunity from prosecution in a U.S....
- Rs 41 lakh cash deposit but no ITR: Bengaluru man claimed his wife and father paid his expenses; ITAT Bangalore refuses relief on this groundWaseem Ahmed, accountant member and Keshav Dubey, judicial member of ITAT Bangalore, in a recent judgement refused to condone a delay of ab...
- New trade rules raise compliance worries for banks over cross-border paymentsAs of October first, banks will bear the new burden of overseeing cross-border payment transactions. They are required to confirm the valid...
- Man receives $3.14 lakh from redemption of Bermuda-focused fund; Income Tax Dept considers it black money, imposes Rs 1.8 crore penalty and tax, but he wins case in ITAT DelhiIndian man working in Singapore gets $3.14 lakh from redemption of units of Bermuda focussed investment fund; Tax dept deems it black money...
- Rs 2.25-crore notice under Black Money Act to Delhi couple over Singapore, British Virgin Islands assets: ITAT Delhi gave full relief to taxpayer, know whyTax officer sent black money notice to Pitampura based couple and added Rs 2.25 undisclosed money from Singapore and British Virgin Islands...
- AI can augment reasoning but cannot substitute judicial conscience: CJI Surya KantChief Justice Surya Kant stated artificial intelligence can aid judicial reasoning but not replace conscience. A permanent apex body is pro...
- Tax notice in a deceased person's name? Don't ignore it; here's what legal heirs should doDid someone close to you leave behind unresolved tax responsibilities? Explore how heirs can address income tax notices, file overdue retur...
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