Sold land for Rs 7.24 crore, paid no tax, received income tax notice; Know how Google Earth photos and revenue records helped taxpayer to win this case in ITAT Ahmedabad

Heavy rains continue to inundate Kerala, causing widespread flooding and waterlogged roads. Authorities are intensifying evacuation efforts and opening additional relief camps for displaced residents. Southern districts like Pathanamthitta, Alappuzha, and Kottayam are experiencing the most severe impacts. Coastal areas face rough seas and high waves due to the Kallakkadal phenomenon. Educational institutions in ten…

The Delhi High Court quashed criminal complaints related to the Maggi Noodles controversy. This decision followed subsequent judicial developments and fresh testing of the product. The court found continuing prosecutions would abuse legal processes. Earlier reports formed the basis of these complaints against the company. New scientific findings significantly weakened the prosecution’s original case.

Wall Street rose as chip stocks rallied, offsetting concerns over escalating US-Iran tensions. Gains in semiconductor firms, led by Micron and Applied Materials, lifted indexes, while Meta slipped on AI chip updates. Stable jobless claims supported sentiment, though volatility in AI-linked stocks and rate hike expectations kept markets cautious.