hydropower

Hydro generation falls short, strains power supply during non-solar hours in Sept

Power demand hits 269 GW in Sept as hydropower deficit fuels electricity shortages. NEW DELHI: Hydropower generation fell nearly 12% below the projected requirement in the first six months of FY27 due to the El Nino-induced rain deficit, putting greater pressure on coal-fired generation and leading to shortages, especially during non-solar hours, in several parts…

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tax notice

Medicine shop owner deposited Rs 2.47 crore cash, faced unexplained money tax notice; ITAT Delhi says Income Tax Dept could not counter his evidence, rules in his favour

The deposits in question were made by the medicine shop owner in three savings accounts. (Image for representative purpose in only) Cash deposits made in bank accounts can invite income tax scrutiny if the assessing officer is unable to detect a clear trail and source. In one such case a pharmaceutical and medicines retailer based…

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