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…
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Groundwater in Malwa shallow wells unfit for drinking due to high uranium, fluoride levels: CU Punjab new study | Chandigarh News
People in Punjab’s Malwa belt should avoid drinking groundwater with high total dissolved solids (TDS) and water from shallow wells less than 60-metre-deep as these sources have been found containing high levels of toxic contaminants, especially uranium and fluoride, warns a fresh study conducted by the Central University of Punjab, Bathinda. A team comprising Dr Prafulla Kumar Sahoo, Anjali Kerketta and Dr Harmanpreet Singh Kapoor conducted the research — published recently in the international journal Groundwater for Sustainable Development by Elsevier B.V. Netherlands — confirms the dangerous levels of uranium…
Karnataka High Court: ‘Police summons mustn’t be half-baked, should’ve have relevant details of alleged crime’ | Bangalore News
The Karnataka High Court has observed that summons issued by the police should include all relevant details of the alleged crime, while also providing interim guidelines to apply in the case of the Bharatiya Nagarik Suraksha Sanhita (BNSS). These observations were made by a bench consisting of Justice M Nagaprasanna in an order on July 19. In this case, a senior journalist had been issued a notice to appear by the police via WhatsApp, which purported to be under Section 41(1) (a) of the Code of Criminal Procedure (CrPC), but…
Took Centre 5 decades to realise ‘mistake’ of placing RSS in ‘ban list’: Madhya Pradesh High Court, which heard retd govt official’s petition | Political Pulse News
It took five decades for the central government to realise its “mistake” of wrongly placing “an internationally renowned organisation like Rashtriya Swayamsevak Sangh” in the list of organisations government officials cannot be associated with, the Madhya Pradesh High Court observed on Thursday. The court was hearing a petition filed by Indore resident Purushottam Gupta, a retired central government officer, who had in September 2023 knocked on the court’s doors, saying rules that barred him from joining the RSS were “an impediment for him to gratify his desires at the dusk…
Deadpool and Wolverine early reviews call it Marvel’s best since Avengers Endgame: ‘High energy ode to superhero cinema’ | Hollywood News
The early reviews from the New York premiere of Deadpool and Wolverine are out, and they won’t be a surprise any Marvel fan: It is already billed as one of the most entertaining superhero films of recent times. Starring Ryan Reynolds and Hugh Jackman in the titular role, Deadpool and Wolverine had its world premiere days ahead of its July 26 release. Directed by Shawn Levy (Night at the Museum: Secret of the Tomb, Free Guy fame), the film features Reynolds and Jackman as Deadpool and Wolverine, respectively, alongside Emma…
Kerala cricket coach ‘sexually abused minor girls for years, clicked nude photos under guise of fitness check’; parents approach High Court | Thiruvananthapuram News
Parents of five minor girls who were being trained by a Kerala Cricket Association coach have moved the High Court seeking a fair probe into the sexual abuse allegations against him. The coach was arrested last month on charges of sexually abusing a girl in 2019. After his arrest came to light, five other girls have made similar allegations against the coach, who used to work at the district cricket academy in Thiruvananthapuram. On Friday, the KCA recommended cancellation of his certification from the BCCI-affiliated National Cricket Academy and directed…
Industrial production grows to 7-month high of 5.9% in May: Govt data | Business News
India’s industrial production grew to a seven-month high of 5.9 per cent in May 2024, mainly due to good showing by power and mining sectors, according to official data released on Friday. The factory output growth, measured in terms of the Index of Industrial Production (IIP), was 5 per cent in April, 5.4 per cent in March, 5.6 per cent in February and 4.2 per cent in January 2024. The IIP was 4.4 per cent in December and 2.5 per cent in November 2023. The previous high of IIP was…
Sensex Stocks: Chart Check: 4-month range breakout in this Sensex stock may take it to new 52-week high; time to buy?
[ad_1] India Ltd, part of the S&P BSE Sensex index, rose over 1 per cent in the last five sessions and over 11 per cent in one month, leading to a breakout from the 4-month-long consolidation range. The auto stock was moving in a broad range of 1,100 points since February where Rs 8,300 acted as an important resistance, while on the downside, Rs 7,200 acted as strong support. The stock eventually saw a breakout from this range in July 2022, which is a bullish sign, and the momentum could…
Nasdaq: S&P, Nasdaq high as July hot streak continues
[ad_1] Wall Street benchmarks on Thursday the S&P 500 and . ended with Nasdaq Recording its fourth consecutive high close as traders rallied in US equities after federal Reserve Indicates a more restrained schedule of interest rate hikes. US stock markets in July have stabilized after a brutal selloff in the first half against a backdrop of rising inflation, the Ukraine conflict and a global recession. irrigatedPivot away from the easy money policy. The S&P 500 index has closed higher in each of the first four sessions so far this…
Anil Kumar Goyal Portfolio: Anil Kumar Goyal remains on stock in Q1 which is down 67% from 2017 high
[ad_1] seasoned investor Anil Kumar Goyal and his wife Seema Goyal remained in the June quarter even as the stock has been under prolonged pressure. Anil Kumar Goel held 6,500,000 shares or 2.76 per cent stake in the company as of June 30, the same as the March quarter. Seema Goyal, on the other hand, marginally increased her stake to 2,848,367 shares from 2,848,000 shares in the previous quarter. His 1.21 percent ownership in the company remained unchanged sequentially. According to data compiled by Trendline, the couple has owned the…