Force majeure enabled for ‘war’-hit contracts: Govt procurers to grant case-by-case extensions, only for firms that hadn’t defaulted by Feb 27 – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/defence/force-majeure-enabled-for-war-hit-contracts-govt-procurers-to-grant-case-by-case-extensions-only-for-firms-that-hadnt-defaulted-by-feb-27/articleshow/130687714.cms Synopsis The finance ministry has authorized force majeure for govt contracts impacted by the West Asia conflict, treating it as war. This offers

*Rs 13 lakh cash payment for credit card bill triggers tax notice; man wins case after ITAT accepts ‘family gift’ explanation – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/rs-13-lakh-cash-payment-for-credit-card-bill-triggers-tax-notice-man-wins-case-after-itat-accepts-family-gift-explanation/articleshow/130631512.cms When Mr Mehta from Shivaji Park, Mumbai, Maharashtra filed his income tax return (ITR), showing an income of Rs 6.3 lakh after paying

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