The Punjab & Haryana High Court upheld the revisional order passed by the Principal Commissioner Income Tax (PCIT) under Section 263 of the Income Tax Act. as the assessment was wrongly passed by the Assessing Officer ( AO ) under Section 44ADA of the Act. The taxpayer Harjot Singh, is an individual who filed his return. Upon search operation, the taxpayer surrendered an additional income of Rs.15,11,555 on account of excess stock, construction of a residential house, and renovation of business premises. The Income Tax Assessing Officer evaluated the income…
Category: Income Tax Challan ITNS 280 in Excel
IndiGo launches business class, to start with Delhi-Mumbai route from mid-November | Business News
India’s largest airline IndiGo will launch its “tailor-made” business class product — IndiGoStretch —from mid-November on the Delhi-Mumbai route, and ticket sales for the same will start from Tuesday. The carrier, which has been tagged as a budget airline for long, will be launching business class for 12 routes. This move, which was ostensibly in the works for some time now, marks a strategic shift in IndiGo’s product offering. In its 18 years of existence, IndiGo has championed the one-size-fits-all single-class cabin configuration. IndiGo’s business class cabin will have 12…
Different Address in GST E-Way Bill Attributable to Human Error, No Intentional Wrongdoing
The Allahabad High Court in a ruling, addressed an issue related to the E-way bill under the Goods and Services Tax (GST). The court remarked that furnishing a different address in the E-way bill rather than the consignee’s address can be attributed to human error. Mentioning the absence of intent to evade tax, the court quashed the order. It was observed by the bench of Justice Piyush Agrawal that no finding was recorded by any of the councils below that there was a mens rea to evade tax payment. Even…
Article 370 abrogation anniversary: Mehbooba Mufti claims house arrest | India News
PDP president Mehbooba Mufti on Monday claimed that she was placed under house arrest and her party office has been locked amid heightened security on the fifth anniversary of the reading down of Article 370 of the Constitution that provided special status to Jammu and Kashmir. “I have been placed under house arrest while the PDP office has been locked,” Mufti told PTI. Official sources said the office of Apni Party, headed by Altaf Bukhari, was also closed for the day as a precautionary measure. National Conference chief spokesman Tanvir…
Article 370 abrogation: Amarnath Yatra suspended for a day from Jammu | India News
No fresh batch of Amarnath Yatra pilgrims was allowed to leave the Bhagwati Nagar base camp here for Kashmir as a precautionary measure in view of the fifth anniversary of the abrogation of Article 370 on Monday, officials said. More than 4.90 lakh pilgrims have paid obeisance at the 3,880-metre-high cave shrine so far this year. “The yatra has been halted for the day as a precautionary measure. No fresh batch was allowed from Jammu to Kashmir today,” an officer told PTI. This step has been taken by the administration…
How YouTube took over our television screens | Technology News
Two years ago, YouTube abandoned its audacious plan to beat Hollywood at its own game. The video platform had tried to build the next Netflix but didn’t gain traction. So it canceled the shows and fell back on the user-created content that had made it a household name. It looked like a major concession — a failure, even. It turned out to be just a speed bump. Now, YouTube consistently ranks as the most popular streaming service on U.S. televisions, surpassing the companies it once tried to emulate. The platform’s…
Wayanad landslides: 8 unidentified bodies buried after taking DNA samples, massive search ops continue | India News
The death toll in Tuesday’s landslides in Kerala’s Wayanad district rose to 221 on Sunday, a day on which eight unidentified bodies were buried at a plantation in Meppadi panchayat after an all-religion prayer. About 1,300 uniformed personnel and 1,700 volunteers conducted extensive searches for bodies in the affected areas with the help of excavators and other equipment. They recovered two bodies on Sunday. Eight unidentified bodies were buried Sunday after DNA samples were taken from them. These would be matched with the DNA samples collected from close relatives of…
Taurus Horoscope Today, 05-August-2024: Discover what stars say about your career, finance and love | Horoscope Today
Taurus Horoscope Prediction Today, 05-August-2024: The day starts with a bang but may end on a low, predicts Ganesha. The kind of brilliance you show in your work at office makes you an invincible competitor. Even on the social front, you rule the roost; expect an exponential rise in your prestige. Post lunch, however, things may do a U turn. The fervour with which you had been approaching your tasks disappears, making way for frustration and anxiety. Also, avoid getting into situations which can damage your reputation. Astrology Predictions: Taurus…
Jammu flares up, frames challenge: reset counter-terror grid, fill ‘vacuum’ | Express Investigations News
ON JUNE 19, two terrorists were killed by the Army in an encounter in Sopore in north Kashmir’s Baramulla district. The two had crossed from Pakistan into Rajouri-Poonch in Jammu and were behind the December 21 killing of four soldiers in an ambush in Thanamandi last year. Their cellphones, a probe revealed, had clips of a T20 cricket match in Abu Dhabi, details that suggested a “level of education not very common and a good family background”, and their use of weapons reflected they were among the “most highly trained…
Musk-backed PAC under investigation for potential violations of Michigan laws | World News
A political action committee backed by billionaire Elon Musk is under investigation in Michigan for possible violations of state laws, a spokesperson for the Michigan secretary of state’s office said in a statement on Sunday. Tesla CEO Musk has previously said he did create a PAC focused on supporting candidates but has not pledged anything to anyone. The Musk-backed America PAC has been acquiring detailed voter information from those living in Michigan and other states after people have submitted their personal data through a section on the PAC’s website that…