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ANCESTRAL AGRICULTURAL LAND SOLD AND NO TAX
India-backed project clears nearly 198,000 sq m of mine-contaminated land in CambodiaIn Koh Kong province, approximately 198,000 square metres of land has been cleared of mines and returned to residents. This effort is part ...- Tamil Nadu scraps plans for greenfield airport in Parandur, risks falling a decade behind rival aviation hubsTamil Nadu, a $400 billion-plus economy with more than 10% annual growth, lacks an airport that matches its economic scale. Chennai’s Meena...
- In 1997, Paul Allen bought land in LA for $20 million; after listing for $150 million post-death, it eventually sold for $65 millionPaul Allen's 120-acre Beverly Crest property, once listed for $150 million, sold for $65 million. After Allen's death in 2018, the property...
- Son sells ancestral land for Rs 8 crore, buys 2 more properties; gets income tax notice but wins at ITAT Chandigarh: Know whyA family from Panchkula owned some ancestral land in a village. A member of this family sold his share of the the said land for Rs 8 crore ...
- From barren desert to red gold: Saffron cultivation debuts in LadakhLadakh has launched a pilot to grow high-value saffron on restored barren land in Leh, planting about 90,000 Iranian saffron corms across 4...
- In 1977, Rich Man, Poor Man star Peter Strauss paid about $225,000 for a run-down 64-acre California ranch; 10 years later, it became a National Park Service sitePeter Strauss purchased a ranch in the Santa Monica Mountains in 1977 and sold it to a state agency in 1983. The land has a rich history, i...
- Grandmother gifted 2.5-acre land to son’s second wife, who sold it; granddaughter challenges sale claiming it to be ancestral land, but loses case in the High Court for this reasonGranddaughter lost 2.5 acre of land as her grandmother had gifted it to her step-mother who sold it; Madras HC rejects granddaughter’s ance...
- Palantir CEO Alex Karp quietly bought 37,000 acres in Sweden for $22 million; locals found out only after hunters got an unexpected emailIn a surprising move, Alex Karp, the CEO of Palantir Technologies, has acquired a substantial forested region in Härjedalen, Sweden, for 23...
- Alex Karp bought 37,000 acres of Swedish forest for $22 million and local hunters could no longer lease the land - why wealthy buyers are looking beyond traditional assetsAlex Karp has acquired 37,000 acres of forest in Härjedalen, Sweden, for $22 million. This purchase has led to local hunters losing their l...
- HC asks if Parth Pawar did not benefit from Mundhwa land deal? grants pre-arrest bail to accusedThe Bombay High Court has raised concerns about the involvement of Parth Pawar in a disputed land transaction. Parth Pawar, who holds a 99 ...
- Can a married daughter inherit government-allotted land? HC protects her rights under the Hindu Succession ActMarried daughter’s right in 3 bigha 2 biswas agri land granted by govt to her father protected by HC under Hindu Succession Act. Read this ...
- In 1999, 17 wind turbines went up on a Minnesota soybean-and-cattle farm; farming continued as turbine leases provided additional incomeSince 1999, rural Minnesota farmers have harnessed wind turbines for financial stability. Each turbine's land lease can bring in between $2...
- In 2003, 90 wind turbines went up across California farmland; crops and cattle stayed, while farmers continued using most of the landFarmers in Northern California are capitalizing on wind turbine leases as a supplementary revenue stream while continuing their agricultura...
- Diesel price hits record highs ahead of U.S. midterm elections 2026: Texas, California, other key political states are taking measures to offer relief for Americans. Details hereDiesel price today: White House is considering regulatory relief that would allow broader sales of red-dyed diesel, a move that could allow...
- Grain trader deposited Rs 5.2 crore cash in bank, filed ITR declaring Rs 7.65 lakh income, got unexplained deposit income tax notice; won case in ITAT Delhi for this reasonWhen Mr Kumar, a grain trader from Rampur deposited Rs 5.2 crore cash in his bank account and filed an Income Tax Return (ITR) declaring Rs...
- Ujjain Shahi Masjid row: Why massive protest has erupted in the Mahakal temple city?Ujjain News: Protests over the proposed removal of a section of Ujjain's Shahi Masjid for a road-widening project turned tense on Monday, w...
- Fruit seller deposited large amount of cash in bank, got income tax notice of unexplained income; won case in ITAT Bangalore for this reasonIn Bangalore, Mr. Ramachandrababu found himself facing an income tax notice over unexplained cash deposits in his bank account. However, hi...
- Ancestral vs self-acquired property: When oral relinquishment is valid under Hindu succession lawFor ancestral property oral relinquishment can suffice but not for self-acquired properties; Check what Hindu Succession law says. Ancestra...
- Father attested brother’s sale deed, children lost 3.5 acres: What Madras HC ruled on oral partitionAttesting brother’s sale deed has major legal consequences in proving oral partition of ancestral land; How children lost 3.5 acre land dis...
- My sister gifted me Rs 37 lakh from land sale. Will she have to pay income tax?ET Wealth Reader's Query: My sister and I received Rs 37 lakh each from the sale of agricultural land in our native place. She has gifted h...
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