Pakistan Reportedly Lost $40 Billion Since Halting Trade With India

Widow gets tax notice over Rs 60 lakh cash deposits; tribunal grants gift relief

The Income Tax Department flagged a woman for depositing Rs 60,07,500 in cash into her bank account during financial year 2015-16. She had not filed an income tax return for the matching assessment year. The Assessing Officer then issued a show-cause notice under Section 148A(b) of the Income Tax Act, 1961. Because she did not reply, the Assessing Officer went ahead and passed an order against her. The article also covers why the Income Tax Appellate Tribunal ultimately granted her relief by treating the amount as a gift.

US midterms 2026: Could a Trump defeat in Congress alter the Iran war?

Appeals court upholds $114,663 legal fee award despite AI-use objection

A federal appeals court has upheld an award of $114,663.11 in legal fees. The U.S. firm had argued that the lawyers' use of AI should lead to lower fees. The court ruled that claims of inflated billing must be backed by concrete evidence. The decision followed the unsuccessful trade-secrets lawsuit brought by Flux Drive Inc. The ruling sets a precedent that using AI alone does not justify reducing legal fees.

Asim Munir warns of Hindu-Jewish ties as a threat to Pakistan and the Muslim world

Pakistan's army chief Asim Munir has publicly raised concerns about what he described as a growing alignment between Hindu and Jewish interests, which he argued poses a danger to Pakistan and the wider Muslim world. The remarks were reported by the Times of India, which attributed part of the discussion to Iran. The article presents Munir's statements as a national-security and ideological warning rather than a policy announcement. Details of the setting and the full context of his comments are limited in the available report. The report does not include independent verification of the claims made.