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A man bought a residential property jointly with his wife and his father. The Income Tax Department reopened his assessment for the 2016-17 assessment year after receiving information through its Risk Management Strategy that he had purchased an immovable property during the 2015-16 financial year. The man then approached the ITAT, challenging both the addition and the calculation underlying it.
Gold price prediction today: Gold prices are trading cautiously, influenced by high US yields and the dollar index. Investors are still purchasing gold despite challenges in the physical market and slowed central bank acquisitions. The upcoming US September CPI is pivotal for the Federal Reserve's actions regarding interest rates.