Gold Prices: Gold, silver prices next week: What investors should watch amid global uncertainty

Gold, silver prices may stay range-bound with positive bias next week (representative image) Gold and silver prices are likely to remain range-bound with a mildly positive bias next week, as weakness in the rupee supports domestic bullion prices amid global fluctuations, analysts said.Investors will also track inflation data from India, China and the US for…

Read More

Man invested Rs 10 lakh, which tax department treated as unexplained; he first cited cash loan, then bank withdrawals as source, ITAT Nagpur deletes addition and Rs 2.11 lakh penalty

The officer therefore treated Rs 10 lakh as an unexplained investment. (Image for representative purpose only) Having a money trail of your investments and its sources is important. Unexplained income and investments can invite scrutiny from the Income Tax Department.In one such case, a man invested some money in a wealth management company and faced…

Read More

Landlords wanted tenant out to open a law office; he said the reason for seeking eviction had changed and other properties were available, why Delhi High Court upheld eviction

The court first addressed the landlord-tenant relationship. (Image for representative purpose only) Tenant and landlord disputes are not uncommon and can sometimes turn into legal battles.In one such case two landlords wanted the tenant to vacate the property so they could open a law office, but the tenant refused and the matter went to court.The…

Read More

‘To be finalised in line with changed circumstances’: Piyush Goyal on India-US trade deal

The commerce minister asserted that talks are on but final pact will be in line with “changed circumstances” India and the US will finalise their interim trade agreement framework in line with changing circumstances, commerce and industry minister Piyush Goyal said on Saturday, indicating that negotiations on the first phase of the bilateral trade agreement…

Read More

Woman buys Rs 1.03 crore 3BHK in Bengaluru, but builder fails to provide specially-enabled parking; Karnataka RERA orders provision within 60 days and audited maintenance accounts

The homebuyer purchased the apartment under a Sale Deed for a total consideration of Rs 1,03,28,979. (Image for representative purpose only) You buy an apartment with the builder promising some special parking provisions. But the builder fails to deliver and collects steep maintenance charges from residents. What do you do?In one such case, a woman…

Read More

Man did not file ITR, faced Rs 17.18 lakh penalty over alleged Rs 55.62 lakh unexplained cash deposits; ITAT Mumbai deletes penalty because tax officer invoked wrong provision

There was also a problem with the penalty order itself. Unexplained cash can lead to a notice from the Income Tax Department, and sometimes even a penalty. But what happens if the penalty is imposed under the wrong section?In one such case, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled that…

Read More