Thanks for the effort.
Cool, I get it. event time will reset as per deadline shows, whatever that time is as per your local time. The remaining time as it shows there has no meaning.
Example: If an event shows it will reset at 20/11/2016 at 14.30, then it will reset whenever it is 14.30 as per your local time on that day, even if it shows there is time remaining for that event at 14.30.
So, lets take this below mentioned statement (this is taken on 17/11/2016 at around 13:29 as per my local time.)
Event will reset at 17/11/2016 13:29:59 Time remaining: 5 hr 1 min

This statement has 2 part:
1st part: Event will reset at 17/11/2016 13:29:59 (as per my local time)
2nd part: Time remaining for reset is 5 hr 1 min (at around my local time 13.29)
My fault was, I took the 2nd part to be true instead of the 1st part (Bottom line: Don't believe everything you see)
Feedback: From now on, please don't mention 'time remaining' in any * event.
Again, Thank you for your time and effort.
This post was last edited by Sourav at 2016-11-17 23:04