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India

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IndiaTimes of India ·

ITAT overturns tax levy on home buyer due to property value rise before registration

The Income Tax Appellate Tribunal ruled in favor of a property buyer who faced a significant tax demand. The tax department had levied over Rs 11.35 lakh under anti-evasion rules due to a gap between the purchase price and the higher stamp duty value. The transaction involved a property bought for Rs 1.23 crore, but its official stamp duty value was approximately Rs 22.71 lakh more. The tribunal found that the property's market value had genuinely increased in the period between the agreement and the registration, justifying the difference.

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IndiaTimes of India ·

Election Commission launches special drive to restore erroneously deleted voter names.

The Election Commission of India has initiated a special drive to reinstate voters whose names were wrongly deleted from electoral rolls. This action follows a reported error during a recent Summary Revision of electoral rolls. The drive allows affected individuals to file claims and objections to correct their enrollment status. Officials aim to ensure all eligible citizens can participate in the democratic process.

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IndiaTimes of India ·

Mumbai delivery worker filmed urinating in housing society elevator, sparks outcry

A food delivery worker was caught on CCTV urinating inside an elevator at a Mumbai housing society. Residents discovered the incident after noticing a foul odor and reviewing security footage. The video spread widely on social media, prompting public concern. The housing society has filed a police complaint, and residents are now questioning the vetting process for delivery personnel.

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IndiaTimes of India ·

Scientists track rapid deep-sea water rise in underwater canyon

Researchers used a fluorescent dye to study water movement in the Rockall Trough, an area of the Atlantic Ocean. They observed the deep ocean water rising rapidly at a rate of up to 125 meters per day. This direct measurement in a submarine canyon is much faster than previous average estimates. The findings highlight how underwater topography influences deep-ocean circulation patterns.

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IndiaTimes of India ·

Steve Jobs hid his Porsche so NeXT wouldn’t look rich to investors

In a strategic move, Steve Jobs concealed his Porsche at an investment meeting with Ross Perot, believing that flaunting such wealth might deter interest in NeXT. Conversely, John Ternus proudly showcases his Porsche 935, actively participating in competitive racing. Ternus's passion for motorsports, stemming from his mechanical engineering expertise from the University of Pennsylvania, highlights their contrasting approaches to success and personal expression.

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IndiaTimes of India ·

Shark Tank India Judge Anupam Mittal on why most business plans fail

In a thought-provoking LinkedIn post, Anupam Mittal discussed prevalent reasons behind business plan failures, highlighting a common misconception where tasks are confused with tangible achievements. He urged entrepreneurs to pinpoint one or two significant bottlenecks that impede growth and to allocate resources judiciously to tackle these crucial issues. Mittal cautioned against glorifying unnecessary tasks, asserting they should not be mistaken for genuine progress in the business landscape.

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IndiaTimes of India ·

Mumbai's Shivaji Park to host protest march against new election body

Citizens for Justice and Peace convenor Teesta Setalvad has invited citizens to join a protest march in Mumbai on Sunday. The demonstration is organized to oppose the newly appointed Election Commission of India. Participants will gather at Shivaji Park and proceed as a 'sawari' or procession. The protest aims to voice concerns over the selection process for the chief election commissioner and other commissioners.

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IndiaNDTV ·

Election Commission Initiates Drive to Enroll Voters After Draft Roll Deletions

The Election Commission of India has launched a special drive to enroll voters who may have been left out. This initiative follows the removal of approximately 13 crore names from draft electoral rolls during a Summary Revision. The deletions occurred across states and Union Territories. The commission clarified that the figure represents removals from draft lists and does not imply all were eligible voters wrongly excluded.

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IndiaNDTV ·

UAE Report Questions Israeli Security Checks for Dubai Airline Crews

A new report raises concerns about the approval process for flydubai airline crews flying to Israel. It specifically questions how crew members holding citizenship from countries without Israeli diplomatic ties were authorized. This security lapse is central to an alleged incident involving the airline, according to a contention from the United Arab Emirates. The findings highlight potential vulnerabilities in Israel's aviation security protocols.

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IndiaTimes of India ·

Ford CEO says AI cannot replace hands-on skilled trades jobs

Ford CEO Jim Farley stated that artificial intelligence will complement, not replace, skilled trades workers. He emphasized that roles requiring hands-on skills and practical judgment are secure from AI replacement. Farley highlighted that building trust is essential for effective collaboration between human workers and AI systems. He also observed that modern manufacturing is seeing a merging of trades and engineering roles at Ford.

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