Bengaluru City News

Karnataka Agriculture Price Commission submits report to CM Bommai

Bengaluru (Karnataka) [India] : Chairman of the Karnataka Agriculture Price Commission Hanumanagouda Belagurki submitted the report for the year 2021-22 to Chief Minister Basavaraj Bommai.The report would be studied and suitable action would be initiated on the recommendations of the report in the interest of the farmers, Bommai said. The report contains analysis and recommendations on the extent of agriculture and horticulture crop cultivation, crop productivity, production cost, transport cost and other aspects of agriculture. The report has been prepared in association with five Agriculture and Horticulture Universities in the state.The report has highlighted the ways and means for improving the income of farmers, adoption of integrated farming, boost for rural entrepreneurship, making crop insurance compulsory and farmer-friendly. 

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Income Tax Dept conducts searches in premises of real estate group in Gujarat

New Delhi [India] : The Income Tax Department on Thursday raided more than 20 premises of a Gujarat-based group engaged in the manufacturing of chemicals and the development of the real estate.The search operation was spread over Vapi and Sarigam in Gujarat, Silvassa and also in Mumbai. According to the Central Board of Direct Taxes (CBDT), a large number of incriminating evidence in the form of documents, diary notings and digital data showing earning of huge unaccounted income by the group and its investment in assets have been found and seized.The evidences clearly indicate evasion of taxable income by adopting various modus-operandi such as suppression of production, use of bogus purchase invoices without actual delivery of the goods to inflate purchases, availing of bogus GST (Goods and Services Tax) credit, claim of bogus commission expenses, etc. The assessee group has also received on-money in…

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