Cannot disallow business expenses paid through spouse’s credit card if reimbursed: ITAT | Mumbai News

Mumbai: Income Tax Appellate Tribunal’s (ITAT) Mumbai bench recently held that genuine business expenditure cannot be disallowed merely because it was initially paid through a spouse’s credit card and later reimbursed to her.This order is relevant for small business owners, professionals and family-run businesses, where personal and business payment arrangements may sometimes overlap for practical…

Read More

Lokayukta police trap GST official with Rs 8 lakh bribe | Bengaluru News

Bengaluru: Lokayukta police Thursday trapped a Central GST official while accepting a bribe of Rs 8 lakh through a middleman.GST superintendent Mohit Pratap Singh (south division-4, A-range, south commissionerate), had demanded Rs 20 lakh from a businessman dealing with iron materials to close a case registered against him, according to Lokayukta police. Besides Singh, police…

Read More

Outrage after immersed Ganesh idols found ‘dumped’ near jetty at Vasai Fort | Mumbai News

File pic for representation Vasai: Several Ganesh idols immersed in an artificial pond were allegedly found dumped near the jetty at Vasai Fort on Wednesday night, sparking outrage among residents. Local activists have demanded strict action against those responsible.Locals found that idols lying scattered near the jetty and alerted Vasai police and the civic administration,…

Read More

KPSC member appears before CID | Bengaluru News

Bengaluru: Karnataka Public Service Commission (KPSC) member Shanta Hosamani, who went incommunicado after CID took over the KPSC cash-for-job scam probe, appeared before investigators Thursday after a local court rejected her anticipatory bail plea last week.Sources said investigators found Hosamani had been in touch with several candidates who cleared the veterinary doctors’ exams. She was…

Read More

Ponguleti questions KTR’s claims on KCR landholdings | Hyderabad News

Hyderabad: Revenue minister Ponguleti Srinivas Reddy on Wednesday questioned BRS working president KT Rama Rao’s claim that former chief minister K Chandrasekhar Rao (KCR) was born into a family that owned hundreds of acres, pointing to the landholdings declared by Rao in his election affidavits.Responding to KTR’s remarks on X, Ponguleti shared KCR’s 2004 Karimnagar…

Read More

Haryana teachers protest as Modi birthday events add to exam-season pressure | Gurgaon News

Haryana teachers to protest as Modi birthday events add to exam-season pressure Haryana teachers to protest as Modi birthday events add to exam-season pressure Haryana teachers to protest as Modi birthday events add to exam-season pressure Haryana teachers to protest as Modi birthday events add to exam-season pressure Haryana teachers to protest as Modi birthday…

Read More