For the best experience, use the Insights app.
Get the appGet
BusinessPhoto: TOI WorldThe US Tax Court reduced Lontrac Enterprises' claimed tax deduction for a conservation easement on 310 Tennessee acres from $74.5 million to $500,000. The court cited lack of credible evidence and upheld a 40% IRS penalty for gross valuation misstatement. This case highlights challenges in syndicated conservation easement tax claims.
TOI World·
PoliticsPhoto: The News MinuteThe BJP-JD(S) alliance won all four Karnataka Legislative Council seats in the October 23 polls, defeating the ruling Congress party. The NDA secured both teachers' and graduates' constituencies, including a major upset in Bengaluru Teachers' constituency where five-time MLC Puttanna lost to NDA's AP Ranganath. This victory marks a significant comeback for NDA after earlier setbacks in 2023.
The News Minute··Bengaluru
BusinessPhoto: Mint CompaniesGera Developments has introduced The Gera Advantage, a customer support program providing eligible homebuyers with financial assistance before receiving their occupancy certificate. The program also includes preventive maintenance checks for seven years after possession, aiming to support customers throughout their homeownership journey.
Mint Companies·
BusinessPhoto: ET EnergyJM Financial reports that Tata Power, CESC, Adani Energy, and others could gain from new parallel power distribution licences. These licences open fresh opportunities in the electricity distribution sector following recent government reforms aimed at enhancing competition and efficiency.
ET Energy·
WorldPhoto: Economic TimesAt least 39 people have died after two high-speed trains collided near Urda in Toledo province, Spain. This tragic accident follows a deadly January crash near Adamuz that killed 46. Investigations are ongoing into both incidents to determine causes and prevent future disasters on Spain's rail network.
Economic Times··Urda
WorldPhoto: Hindustan TimesIndia has lost 22 nationals, including 14 seafarers, in the ongoing West Asia conflict over the past eight months, the Ministry of External Affairs spokesperson Randhir Jaiswal said. The government remains in close contact with the Indian community in the region to ensure their safety. The conflict escalated after US and Israel bombed Iran on February 28, leading to retaliatory attacks and maritime incidents affecting Indian seafarers.
Hindustan Times·
TOI World·
Photo: TOI WorldThe US Tax Court reduced Lontrac Enterprises' claimed tax deduction for a conservation easement on 310 Tennessee acres from $74.5 million to $500,000. The court cited lack of credible evidence and upheld a 40% IRS penalty for gross valuation misstatement. This case highlights challenges in syndicated conservation easement tax claims.
Tip: use ↑ / ↓ (or j / k) to move between stories.
