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Man enters JDA for land, gets 6 flats from builder and transfers 5 to wife, but gets tax notice; ITAT Delhi deletes Rs 4.14 crore additions after finding no stock-in-trade conversion or sale

The second addition arose after the man transferred five of the six flats to his wife through sale deeds in 2020. (Image for representative purpose only) You enter into an agreement with a builder for your land and later transfer five flats from it to your wife. Is a capital gains tax applicable?In one such…

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In 2010, Salesforce CEO Marc Benioff and his wife gave $100 million to UCSF; five years later, its new San Francisco children’s hospital opened with 183 beds and a rooftop helipad

Salesforce CEO Marc Benioff In 2010, Salesforce co-founder and CEO Marc Benioff and his wife, Lynne Benioff, donated $100 million to the University of California, San Francisco (UCSF) to help fund the construction of a new children’s hospital, a project that would later become one of the most significant healthcare developments in the San Francisco…

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A Michigan collector paid $30 for a seashell painting at an estate sale; identified as a 1951 Gertrude Abercrombie work, it has now sold at Freeman’s in New York for a record $1,352,600

A painting bought for just $30 at a Michigan estate sale has sold for $1,352,600 at auction in New York, after experts identified it as a long-lost 1951 work by Chicago Surrealist Gertrude Abercrombie. The painting, Alderman Merriam’s Shells, had been missing from public view for about 75 years before it resurfaced this summer. It…

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British Airways flight declares emergency after steep descent; lands safely in London

British Airways flight BA295 declares emergency, descends to 9,000ft. British Airways flight BA295 declared an emergency while flying over Ireland on Monday after the aircraft made a rapid descent from its cruising altitude.The Boeing 777 was travelling from London Heathrow to Chicago O’Hare when it descended from around 37,000 feet to approximately 9,000 feet while…

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