The case concerned assessment year 2015-16 and the changes brought to the law governing reassessment notices from April 1, 2021. (Image for representative purpose) You don’t file your income tax return for an assessment year and some years after that the tax department sends you a notice over unexplained income for that AY. What happens…

With Brent crude prices spiking again to over $105 per barrel, US Treasury bond yields rising to a more than two-decade high and the rupee at close to 96.8/$, strong foreign fund selling pulled the markets sharply down on Thursday. Reliance Industries, HDFC Bank and Bharti Airtel led the slide as sensex lost 1,045 points…

NEW DELHI: After IndiGo, Air India, Air India Express and Akasa have also hiked fuel surcharge due to spiralling price of aviation turbine fuel (ATF/jet fuel) and falling rupee, which is acting as a double whammy at a time when air traffic is also beginning to decline as higher fares are seeing price-sensitive domestic travellers…

Elon Musk brings Ambani into the Starlink India delay NEW DELHI: The terrestrial war over providing satellite communication (satcom) services heated up several notches Thursday, with Elon Musk asking on X, “Is Ambani the real boss of India”, hours after govt denied his charge that “certain oligarchs” were blocking Starlink’s entry to India.In his first…