Taxpayer declared Rs 1.79 lakh in ITR, faced Rs 11.22 crore income addition on large cash deposits, unsecured loans; ITAT grants him chance to substantiate case with condition he plant 500 trees

The taxpayer has now received what could be described as a rare opportunity to substantiate his case and contest the Rs 11.22 crore addition. Your income tax return comes under scrutiny and you are given a chance to present your case before ITAT as part of your appeal you propose planting trees. A Haryana resident…

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From Russian oil to Belarusian potash, more hypocrisy from Washington

Trump administration faces flak from critics over Belarus potash deal amid pressure on India over Russian energy TOI correspondent from Washington: Critics are calling out the Trump administration for hypocrisy and double standards after MAGA supremo Donald Trump announced a potash (fertiliser) deal on Monday with Belarus, a close ally of Moscow, days after he…

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Airfares During Festive Season: Goverment rules out airfare cap during festive season, urges airlines to keep prices reasonable

File photo: Civil aviation minister K Rammohan Naidu (PTI Photo) The government will not impose a cap on airfares during the upcoming festive season but will advise airlines to keep ticket prices at reasonable levels, civil aviation minister K Rammohan Naidu said on Tuesday.Speaking to reporters on the sidelines of the signing of pacts for…

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Gold prices surge 60% from Rs 98,000 to Rs 1.57 lakh per 10 grams in a year; Ganesh Chaturthi sales fall 15% as buyers switch to lighter jewellery, also buy coins

Jewellers remain hopeful that the moderation in demand will prove temporary as the festive calendar progresses. A huge rise in gold prices from the same time last year has led to a drop in gold sales this Ganesh Chaturthi. Gold sales have declined by around 15% year-on-year in volume terms, with consumers either reducing the…

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