IT Dept prescribes hybrid formula for determining FMV of capital assets in slump sale

Budget 2021 amended the tax law on fair market value

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Congress groomed me not to sit at home: Shivakumar

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Bengaluru: Karnataka Deputy Chief Minister D.K. Shivakumar said on Wednesday that the party has groomed him since 1989 not to sit at home. Speaking to media in Bengaluru, Shivakumar, when asked if he has gone to Delhi to retain his position as the state president, Shivakumar said: “No. It’s bogus, all are planted stories. The party has made me the state’s president for five years. It gave me the Deputy Chief Minister post and has groomed me since 1989 by making me a minister then. Does the party want me to sit at home after empowering me?” Shivakumar said, adding that ‘no matter in which position I am, I will be there for the party.’ Also Read Gear up for 2028 assembly elections, DK Shivakumar calls upon Congress workers He further emphasised targeting his opponents within the party, “I have been called to Kerala, Tamil Nadu, Telangana, Assam, Bihar, Himachal Pradesh, Delhi, Assam, Andhra Pradesh states. Will they others?” When asked will Congress fight the next Karnataka ele...
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Infosys lays off hundreds after failing internal assessments in Mysuru

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Hundreds of campus recruits who joined Infosys in October 2024 are being forced to resign after failing three consecutive evaluation tests at the IT giant’s Mysuru campus.  Nascent Information Technology Employees Senate (NITES) president Harpreet Singh Saluja was quoted by the Deccan Herald (DH) saying that the number of employees being laid off is around 700, although Infosys admits the figure to be around 300.  According to the Economic Times , 400 employees were called in batches and asked to resign on February 7. The employees were reportedly asked to walk off with a month’s salary and access to some courses otherwise they would be terminated making it difficult for them to be hired anywhere else. Also Read Infosys co-founder, 17 others booked for caste discrimination against Dalit professor Bouncers deployed to intimate the employees Bouncers and security personnel were deployed to intimidate the employees and they were also asked to keep their mobiles and lap...
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K’taka police announce Rs 5 lakh reward for Bidar ATM guard, Afzalgunj shooters

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Bengaluru : Karnataka Police have released the images of the two bike-borne robbers who shot dead an ATM cash van guard in Bidar shot dead a travel agent in Hyderabad’s Afzalgunj. Karnataka Police also announced a Rs 5 lakh cash reward for any information regarding the accused duo. The Karnataka Police said Aman Kumar, a resident of Fathehpur Phulwaria of Vaishali district in Bihar and Alok Kumar aka Ashutosh aka Ambani, a resident of Mahisour near Janadhaha in Vaishali district of Bihar were wanted in connection with the heist and murder case. Bidar Police have announced a cash reward of Rs 5 lakh for any person providing information leading to the arrest of Aman Kumar and Alok Kumar. The police have assured that the names of the informants will be kept secret. The police have requested to provide the information to the following contact numbers. DIGP Kalaburagi ( +919480800030 ), SP Bidar ( 9480803401 ) and DSP Bidar ( +919480803420 ). Also Read Hyderabad police launch manh...
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