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UNEXPLAINED CASH SECTION 69
NRI used NRE account to buy Rs 79 lakh property, got ‘unexplained cash’ tax notice; ITAT Ahmedabad grants full reliefNRI used money from his NRE bank a/c to buy property for Rs 79 lakh, files no ITR; tax dept sent notice for unexplained cash; he wins case ...- Debt grows slower than GDP, CAG says; revenue lapses persistGovernment debt servicing remains positive, with loan accumulation below GDP expansion. However, irregularities worth ₹603 crore were found...
- CAG flags Rs 25,085 crore tax effect from 1,902 assessment lapsesThe CAG identified 1,902 tax lapses involving over twenty-five thousand crore rupees. These cases involved incorrect tax rates and faulty i...
- America’s 5 Historic Haunted Places: Dark Energy, Ghosts and Unexplained Encounters You Won’t BelieveAmerica’s 5 Historic Haunted Places: Dark Energy, Ghosts and Unexplained Encounters You Won’t Believe
- Explosion at Dutch port of Rotterdam leaves 1 dead, several injuredA deadly explosion rocked Rotterdam, Europe's largest port, resulting in one fatality and several injuries. The incident took place at the ...
- Mutual funds increase cash allocation by over Rs 7,800 crore in July to Rs 1.90 lakh croreMutual funds boosted cash holdings by over Rs 7,856 crore in July. PPFAS Mutual Fund held the largest cash reserve at Rs 25,291 crore. This...
- 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...
- 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...
- Powerball jackpot numbers for August 12 revealed - Did someone win the $1 billion top prize on Wednesday night?The Powerball jackpot has climbed to an estimated one billion dollars for the Wednesday night drawing. Winning numbers for August 12 were a...
- Lok Sabha Speaker-constituted panel finds Justice Yashwant Varma guilty of misconductA judicial inquiry committee has concluded that former Delhi High Court judge Yashwant Varma is guilty of misconduct. The allegations again...
- FIR can now be lodged against Justice Yashwant Varma: Legal expertsA panel found Justice Yashwant Varma guilty of cash discovery allegations at his residence. Legal experts believe an FIR can now be lodged ...
- Charges against Justice Yashwant Varma 'are proved': Lok Sabha probe panel on cash discoveryA Lok Sabha panel found Justice Yashwant Varma guilty of cash discovery charges. The committee stated he failed to provide satisfactory exp...
- Presumptive taxation for professionals: The 50% rule remains-but what changes for deductions and losses under the new tax Act?The 50% presumptive taxation rule for professionals largely continues under the new Income-tax Act. However, Section 58(4) introduces a wid...
- Man did not disclose UAE bank account and foreign shares in ITR, I-T dept imposed Rs 1.86 lakh penalty; He escalates the case but ITAT Delhi offers no reliefDubai connection: Man claimed friend sent money to Dubai Emirates NBD bank a/c to start business but didn't disclose foreign assets in Sche...
- TSMC, Sony to invest $4.7 billion in joint venture for image sensorsSony will be the controlling shareholder and invest 465 billion yen ($2.92 billion) through a combination of cash and asset transfers, in...
- Abhishek Porel, Delhi Capitals and Bengal cricketer, arrested on rape chargesBengal cricketer Abhishek Porel was arrested by police in Hooghly district. He faces allegations of sexual relations with a woman on a marr...
- Paid Rs 6.5 crore and bought a property with stamp duty value of Rs 8.85 crore, got income tax notice for unexplained investment; He fought back won relief in ITATBuyer purchased Rs 8.85 crore worth property by paying Rs 6.5 crore; Tax dept sent notice for unexplained property investment u/s 69B; Know...
- Pentagon releases new UFO files: Reports describe 500-foot triangle, mysterious lights and alleged metal sphere with ‘human body’The Pentagon has unveiled new declassified files detailing unexplained aerial phenomena. These documents include pilot accounts of silent t...
- PNB credits Rs 100 crore in a West Bengal woman's account instead of LPG subsidy leaving her in shockA zari worker discovered nearly one hundred crore rupees credited to her bank account. Her account was subsequently frozen, preventing dail...
- Wife paid Rs 58 lakh from Indian bank a/c, husband paid Rs 80 lakh from UAE bank a/c for property purchase; she gets tax notice for unexplained investment, wins case in ITAT Mumbai for this reasonTo purchase property in India, wife paid Rs 58 lakh from her bank a/c and husband paid Rs 80 lakh via his UAE bank a/c using Dubai exchange...
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