Nayara Energy has increased petrol prices by Rs 5 and diesel by Rs 3 per litre due to rising international crude oil costs. This price hike follows a previous reduction, marking a significant shift in fuel pricing amid global market pressures. Consumers are now facing higher fuel expenses as Nayara responds to fluctuating oil prices and geopolitical tensions.
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A taxpayer who sold ancestral land for ₹8 crore successfully claimed tax relief. The ITAT ruled in favor of the taxpayer after exemptions under Sections 54B and 54F were initially disallowed. This case highlights the importance of understanding tax regulations for land sales in India.
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