Tax raid finds Rs 1.12 crore cash and Rs 4.34 lakh foreign currency at Delhi man’s home; he fights case twice, sister-in-law’s explanation helps brother-in-law win ITAT battle

The sister-in-law also submitted a written statement to support the man’s version. (Image for representative purpose only) An income tax raid is conducted and foreign currency is found, but it doesn’t belong to you – what happens then? A few months after demonetisation, the Income Tax Department searched a man’s property in Delhi.During the operation,…

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Wife got late husband’s government job on compassionate grounds, promised to care for in-laws but left and remarried; Court orders 25% salary for mother-in-law and equal terminal benefits

After securing the job, she allegedly left her in-laws to deal with financial hardship and other difficulties on their own. (AI image for representative purpose only) It is a known practise for government jobs to be offered to the family of the deceased if the employee has passed away while still in service. The aim…

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He left his BMW locked on the highway after midnight puncture, next morning it was found burnt; insurer rejected claim, but consumer commission orders Rs 70 lakh plus 7% interest

Since the vehicle was insured, the man expected the insurance policy to cover the loss. (Image for representative purpose only) You leave your punctured car on the roadside and in the morning it is found burnt. Should the insurer give a payout? In one such case a man’s BMW developed a tyre puncture on the…

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​Anthropic’s AI paradox: More powerful systems could mean bigger risks to humanity

Anthropic​Anthropic’s AI paradox: More powerful systems could mean bigger risks to humanity Anthropic’s much awaited IPO is built around a striking contradiction: the artificial intelligence company wants public investors to help finance technology it says could transform the global economy, while warning in the same prospectus that increasingly powerful AI could pose catastrophic or existential…

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Pib Fact Check: Public sector banks to stay closed on Saturdays? PIB debunks fake government notification

PIB debunks fake Saturday holiday notification (representative image) The Press Information Bureau (PIB) Fact Check unit on Thursday debunked a document circulating on social media that claimed the Central Government had declared every Saturday a public holiday for all public sector banks, including the State Bank of India (SBI).In a post on X, PIB Fact…

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