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A man had not filed an income tax return for assessment year 2016-17. The tax department subsequently completed a reassessment without his participation and, on February 15, 2024, assessed his total income at Rs 55.62 lakh. The amount was treated as unexplained cash deposits in a bank account that the department attributed to him.
In one such case, a woman and her family bought a 3BHK ( 3 Bedrooms, Hall, Kitchen) from a builder in Bengaluru for Rs 1.03 crore. The builder promised two specially enabled parking spaces, and it was supposedly one of the property's key attractions. The builder's brochure and terms clearly referred to these parking facilities. However, he failed to deliver on that commitment.
India and the US are finalizing their interim trade agreement framework, as circumstances have changed since February. Commerce Minister Piyush Goyal indicated that negotiations would consider recent shifts in the US tariff landscape. Trade talks are also progressing with other countries, including Canada and Mexico. Goyal emphasized the need for legal expertise in negotiating comparative advantage for Indian goods.
Two landlords, who were practising advocates, said they needed the rented premises to set up a law office. The tenant argued that the landlords had changed their stated purpose for seeking possession and already had other properties that could be used for their professional work. The tenant opposed the eviction and applied for leave to defend.
The dispute arose after the income tax department received information about an investment of Rs 11.25 lakh made by a man with a wealth management firm. The assessing officer accepted that Rs 1.25 lakh had been paid by cheque, but the source of the remaining Rs 10 lakh, was questioned. Before considering the tax dispute, the tribunal had to address the delay in filing the appeals