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The Latest Breaking News from DRP

NRI sells his Bangalore property for Rs 2.63 crore, declares Rs 16.33 lakh LTCG, gets tax notice; he fights and wins partial relief from ITAT for this reason

Sold property for Rs 2.63 crore and reported Rs 16.33 lakh LTCG, claimed home loan interest, travel, water, electricity and brokerage as expenses; Tax dept denied the expenses; ITAT Bangalore allows partly allows his expenses claim. Know why did the NRI win the tax case in ITAT Bangalore.

The Economic Times

'Stupid, Costly, and Deadly': Trump Admin Blasted for Spending $11 Billion to Pay Federal Workers Not to Work

A new Public Citizen report says Donald Trump's Deferred Resignation Program paid nearly 140,000 US federal workers at least $11 billion not to work.

International Business Times UK

Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT Mumbai

An NRI in Hong Kong faced an income tax dispute after withdrawing cash from his NRE account to give to his father. The father used this money to buy an insurance policy in his son's name, leading to an 'unexplained cash credit' notice. ITAT Mumbai ultimately ruled in favor of…

The Economic Times

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NASA losing nearly 4,000 employees to Trump administration's 'deferred resignation' program

Nearly 4,000 NASA employees have chosen to accept the Trump administration's "deferred resignation" option, reducing the agency's workforce by more than 20%.

Space

Web Archivists Scrambling To Save US Public Data From Deletion

As President Donald Trump's administration purges public records since storming back to power, experts and volunteers are preserving thousands of web pages and government sites devoted to climate change, health or LGBTQ rights and other issues.

International Business Times

Adani Group’s Dharavi Redevelopment Project refutes Congress’s allegations of favouritism

DRP refutes Congress' allegations of favouritism in Dharavi Redevelopment Project. DRP says vested interests are attempting to derail/delay project with revenue potential of ₹20,000 crore.

The Hindu

HC orders tax refund of ₹1,128 cr to Vodafone Idea; pulls up I-T dept for laxity and lethargy

HC orders IT dept to refund Rs 1,128 cr to Vodafone Idea for taxes paid in 2016-17. Bench notes laxity of assessing officer in not passing order within 30 days, causing loss to exchequer. HC recommends enquiry and strict action against persons responsible for laxity. Court holds assessment order time-barred…

The Hindu

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ALLR: A Precision Undertaking

By John Vandermosten, CFA NASDAQ:ALLR READ THE FULL ALLR RESEARCH REPORT

Benzinga

Gang of train robbers busted, 4 held in Chandigarh

CHANDIGARH: The Government Railway Police (DRP) have busted a gang of train robbers at Chandigarh Railway station. Its four members were arrested from Sadbhavna Express on Tuesday night, said Chandigarh GRP SHO sub-inspector Vilaiti Ram.

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