Man sells ancestral agricultural land for Rs 8 crore, buys two properties and claims LTCG exemption; faces Rs 6.36 crore tax additions, why ITAT Chandigarh gave relief under Sections 54B and 54F

The ITAT Chandigarh eventually ruled substantially in the man’s favour on both questions. (Image for representative purpose only) When selling assets and claiming long-term capital gains, it is important to understand if you are eligible and under what conditions can you claim LTCG.A man sold his family’s ancestral agricultural land and claimed long-term capital gains…

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John Denver’s former Aspen guesthouse and music studio sold for $4.75 million in 2023; later the new owner sold the 2,912-sq-ft five-bedroom home for $8.2 million in 2025

Pic credit: Aspen/ Glenwood MLS John Denver’s former guest house and music studio in Aspen, Colorado, has proved to be a valuable piece of real estate. The home, which sits on a 5-acre lot in Starwood, was once part of the singer’s estate, where he lived from the early 1970s until his death in a…

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Crews digging 12 feet below a California infrastructure project uncovered 40- to 45-million-year-old bones of a large hoofed mammal; paleontologists spent seven days extracting the fossil from hardened rock

A routine infrastructure project in Oceanside, California, has uncovered a glimpse of a world that existed tens of millions of years before humans. The City of Oceanside first announced the discovery on September 22, while reporting from the Los Angeles Times, NBC 7 San Diego and the San Diego Union-Tribune provided additional details about the…

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‘Free the terrorist’: Passengers claim flydubai crew told them to release co-pilot after attack – report

Hamam al-Hammami, the accused co-pilot in the flydubai incident The crew of the flydubai flight allegedly asked passengers to release the co-pilot after they had subdued him following an attack on the pilot mid-air, according to two passengers who spoke to the New York Post.Tzvika Manes, one of three Israeli passengers who helped overpower the…

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In 2013, a New Jersey teacher saw workers mowing a solar field near home and asked to bring in her sheep; by 2021, her flock had grown from 50 sheep on 15 solar acres to 450 sheep managing 85 acres

Bishop’s journey into solar grazing began at her six-acre farm in Newfield, New Jersey. With limited pasture available and a growing need for space for her sheep, she began looking for alternative grazing land. What began with a simple observation beside a solar field turned into an unusual farming business in New Jersey. When Julie…

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Stock Market Today Live Updates: RBI decision, crude prices & more in focus; Where are BSE Sensex and NSE Nifty50 headed?

Outlook for the Dalal Street is set to be shaped by monetary policy, corporate earnings, crude oil prices, global bond yields and foreign investor activity. The RBI’s interest rate decision will be a key domestic cue, with its stance, inflation outlook and growth forecasts likely to guide expectations on interest rates and financial markets. The…

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