States to assess GDP through spending method
https://timesofindia.indiatimes.com/business/india-business/states-to-assess-gdp-through-spending-method/articleshow/134842637.cms
https://timesofindia.indiatimes.com/business/india-business/states-to-assess-gdp-through-spending-method/articleshow/134842637.cms
Man faces Rs 17.18 lakh tax penalty over Rs 55.62 lakh unexplained deposits; ITAT gives relief
https://timesofindia.indiatimes.com/business/india-business/man-did-not-file-itr-faced-rs-17-18-lakh-penalty-over-alleged-rs-55-62-lakh-unexplained-cash-deposits-itat-mumbai-deletes-penalty-because-tax-officer-invoked-wrong-provision/articleshow/134837562.cms
https://timesofindia.indiatimes.com/business/india-business/man-did-not-file-itr-faced-rs-17-18-lakh-penalty-over-alleged-rs-55-62-lakh-unexplained-cash-deposits-itat-mumbai-deletes-penalty-because-tax-officer-invoked-wrong-provision/articleshow/134837562.cms
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.
Despite promise, builder denied disabled parking to Rs 1.03 crore flat buyer; RERA orders relief
https://timesofindia.indiatimes.com/business/india-business/woman-buys-rs-1-03-crore-3bhk-in-bengaluru-but-builder-fails-to-provide-specially-enabled-parking-karnataka-rera-orders-provision-within-60-days-and-audited-maintenance-accounts/articleshow/134850385.cms
https://timesofindia.indiatimes.com/business/india-business/woman-buys-rs-1-03-crore-3bhk-in-bengaluru-but-builder-fails-to-provide-specially-enabled-parking-karnataka-rera-orders-provision-within-60-days-and-audited-maintenance-accounts/articleshow/134850385.cms
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.
‘To be finalised in line with changed circumstances’: Piyush Goyal on India-US trade deal
https://timesofindia.indiatimes.com/business/india-business/to-be-finalised-in-line-with-changed-circumstances-piyush-goyal-on-india-us-trade-deal/articleshow/134856416.cms
https://timesofindia.indiatimes.com/business/india-business/to-be-finalised-in-line-with-changed-circumstances-piyush-goyal-on-india-us-trade-deal/articleshow/134856416.cms
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.
Landlord wanted tenant out for law office; Delhi HC rejects tenant's objections
https://timesofindia.indiatimes.com/business/india-business/landlords-wanted-tenant-out-to-open-a-law-office-he-said-the-reason-for-seeking-eviction-had-changed-and-other-properties-were-available-why-delhi-high-court-upheld-eviction/articleshow/134856919.cms
https://timesofindia.indiatimes.com/business/india-business/landlords-wanted-tenant-out-to-open-a-law-office-he-said-the-reason-for-seeking-eviction-had-changed-and-other-properties-were-available-why-delhi-high-court-upheld-eviction/articleshow/134856919.cms
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.
Rs 10 lakh investment, different explanations: why ITAT deleted tax addition and Rs 2 lakh penalty
https://timesofindia.indiatimes.com/business/india-business/man-invested-rs-10-lakh-which-tax-department-treated-as-unexplained-he-first-cited-cash-loan-then-bank-withdrawals-as-source-itat-nagpur-deletes-addition-and-rs-2-11-lakh-penalty/articleshow/134857815.cms
https://timesofindia.indiatimes.com/business/india-business/man-invested-rs-10-lakh-which-tax-department-treated-as-unexplained-he-first-cited-cash-loan-then-bank-withdrawals-as-source-itat-nagpur-deletes-addition-and-rs-2-11-lakh-penalty/articleshow/134857815.cms
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
FPIs pull out Rs 44,166 crore from Indian equities in October so far
https://timesofindia.indiatimes.com/business/india-business/fpis-pull-out-rs-44166-crore-from-indian-equities-in-october/articleshow/134868327.cms
https://timesofindia.indiatimes.com/business/india-business/fpis-pull-out-rs-44166-crore-from-indian-equities-in-october/articleshow/134868327.cms