The extended 10-year period for reopening Income Tax (I-T) assessments is applicable only in "serious cases" where there is evidence of concealing income above Rs 50 lakh, the Delhi High Court has said.

For income below Rs 50 lakh, the period for reopening assessment is three years. The issue raised by writ petitions for Financial Years 2015-16 and 2016-17 was whether the notices issued to the petitioners under Section 148 of the Income Tax Act, 1961, are sustainable in law.

It has been a year since telecom operators launched 5G services in the country, but the technology has found limited takers. India's leading telcos, Reliance Jio and Bharti Airtel are expected to have together spent Rs 90,000 crore in the financial year 2023-24 to deploy 5G infrastructure, according to a report published in Financial Express (FE). Due to the lack of meaningful use cases, these companies have been unable to recover their investment. Lack of such services prevents telcos from charging a premium rate, the report said.

The Reserve Bank of India (RBI) has approved the appointment of five Hinduja Group representatives as directors on the board of the debt-ridden Reliance Capital, according to sources.

The directors are: Amar Chintopanth, Shardchandra V Zaregaonkar, Moses Newling Harding John, Bhumika Batra and Arun Tiwari, they said.

Re-polling is underway at booth number 3 under polling centre number 71 at Kishupura in Bhind, Madhya Pradesh, on Tuesday.

The Election Commission ordered the re-polling following a violation of the secrecy of voting.

Stubble burning, which is a major source of air pollution in the national capital region every winter, is a solvable problem, said Indian-American Punit Renjen, the Deputy Chair of German software firm SAP, based on the two pilot projects he has launched in Haryana and Punjab.

It is very serious and there are multiple reasons for it. But stubble burning contributes about 25 per cent to 30 per cent of the air quality issues (in Delhi).

Union Minister Amit Shah will visit Telangana to campaign for the upcoming state Assembly elections. The union minister will address two rallies at Jangaon and Korutla in Jagtial district, a Deccan Chronicle (DC) report said. The leader will also participate in a roadshow at Uppal as part of the Bharatiya Janata Party (BJP)'s election campaign.

Shah is likely to arrive at the Begumpet airport at around 12:30 PM in Telangana on November 20. He will head straight to the meeting scheduled in Jangaon.

In a nail-biting final that had fans on the edge of their seats, India faced a crushing defeat at the hands of Australia, leaving the home team devastated. Exceptional captaincy from Pat Cummins and Travis Head's stellar knock of 137 proved to be the deciding factors at the Narendra Modi Stadium in Ahmedabad.

The crowd witnessed Mohammed Shami's strategic moves resembling Stuart Broad against David Warner, Jasprit Bumrah's relentless short-ball challenge to Mitchell Marsh, and Steve Smith's DRS drama, creating an electrifying atmosphere.

Larsen and Toubro Technology Services (LTTS) on Monday announced a collaboration with NVIDIA to develop software-defined architectures for medical devices focused on endoscopy, which will enhance the image quality and scalability of products.

This comes as an answer to the industry-wide challenges of availability, cost, and dependencies linked to custom and proprietary hardware components, said the company in a press release.

A massive fire broke out at the Visakhapatnam fishing harbour on the intervening night of Sunday and Monday, police said.

Nearly 40 fiber-mechanized boats were reduced to ashes, said police, adding that no casualties or injuries were reported in the incident.

Rahul Dravid’s two-year contract as India head coach ended on Sunday with the heartbreaking World Cup final defeat against Australia in Ahmedabad. Dravid steered India to two ICC tournament finals and one semi-final during a successful stint that ended on a disappointing note. When questioned about his future as India coach, the former skipper and ace batter said that the issue has not come up for discussion with the BCCI and that he needed time to reflect on what is in store for him moving forward.

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