Dubai-based woman invests 3.41 crore in FCNR deposits along with husband, gets tax notice for unexplained money; ITAT gives relief saying bank confirmed source and AO mistook yen for rupees

ITAT Jaipur identified a significant error in the AO’s assessment. (Image for representative purpose only) Indians based globally and investing in India can in some cases face tax notices for unexplained income.In one such case, a woman invested money in FCNR term deposits along with her husband. Both of them received separate tax notices from…

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In 2016, Mike Madden paid $520,000 for Muhammad Ali’s former Pennsylvania training camp; after investing another $1 million restoring its 13 log buildings, he reopened the six-acre site in 2019 as Fighter’s Heaven

In 2016, real estate investor Mike Madden paid $520,000 for Muhammad Ali’s former training camp in Pennsylvania, a property that had fallen into disrepair after the boxing legend left it decades earlier. Madden subsequently invested another $1 million in restoring its 13 log structures, including the gymnasium and mosque, before reopening the six-acre site as…

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Martha’s Vineyard rejected a 54-acre subdivision with 26 below-market lots and 19 luxury homes after seven marathon meetings, leaving land bought for $6.6 million in 2017 undeveloped for now

By Alex Wilcox Cheek – commons.wikimedia.org Martha’s Vineyard has rejected one of the largest housing proposals ever considered by its regional planning body. The Katama Meadows project in Edgartown proposed 52 homes across 54 acres, including 26 below-market lots intended for moderate-income residents and municipal workers, alongside 19 market-rate homes that could have sold for…

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Researchers used drone LiDAR to scan rugged Australian bushland that is difficult to search on foot; the technology led them to three previously unregistered Aboriginal rock shelters with red hand stencils

Drone LiDAR reveals three unregistered Aboriginal rock shelters in Australia’s rugged Blue Mountains (Image Credit: University of Sydney) Researchers have used drone-based laser scanning to identify and document three previously unregistered Aboriginal rock shelters in Australia’s Blue Mountains, revealing traces of cultural heritage in rugged bushland that is difficult to explore on foot. According to…

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