The assessment proceedings referred to three properties in Nagpur. (Image for representative purpose only) You own a house and claim exemption under Section 54F of the Income Tax Act. However, the exemption is denied because the Income Tax Department believes you own more than one property.In one such case, the dispute arose because the income…

Indian oil refiners are modifying operations to handle a wider range of complex crude grades. (AI image) The Middle East conflict has complicated the refining calculations for Indian refiners – not just in terms of the amount of crude oil that is available, but also for the kind of crude that is available. Indian oil…

US President Donald Trump has put Venezuela’s vast oil reserves at the centre of what he calls “the biggest oil deal in world history.” Venezuela’s interim President Delcy Rodriguez stated that the energy pact with the US will last 25 years and aims to revive the country’s struggling oil industry.Trump said the deal was negotiated…

New Delhi: India’s energy investment is likely to reach a record $170 billion in 2026, driven by a push towards renewable energy capacity addition, strengthening of transmission and distribution networks, and deployment of storage systems to support the grid and reduce curtailment, the International Energy Agency (IEA) said in its latest report.The power sector accounts…