The MCA has increased capital and turnover thresholds for small companies, enabling more businesses to enjoy reduced compliance and simplified ...

RBI mandates structured board procedures, risk management, and audit oversight for Regional Rural Banks, repealing previous guidelines while maintaining regulatory ...

The 2025 Directions consolidate regulatory requirements for Local Area Banks, with immediate effect and phased norms for AIF ...

Fresh directions consolidate customer service and fair conduct norms, requiring Local Area Banks to follow uniform responsible business ...

The Reserve Bank of India mandates stricter customer identification and transaction monitoring for Local Area Banks to prevent money laundering and terrorist ...

The Tribunal found that satisfaction under Section 153C was recorded long after the search and document transfer. Applying ...

Jaipur Tribunal observed that the son had no independent income, and the purchase was made solely from the assessee’s funds. Consequently, restriction of exemption to 50% by the CIT(A) was set aside, ...

The issue was whether accumulated income could be taxed merely because it was not spent exactly for the purpose stated in Form-10. ITAT Delhi held that as long as funds are applied toward charitable ...

The Tribunal found that alleged cash payments lacked any agreement, bank trails, or confirmation from recipients, making the addition legally untenable. ITAT emphasized adherence to evidentiary ...

The High Court declined to entertain a writ challenging a GST order, holding that no exceptional case was made out to bypass the appellate remedy. The ruling reiterates the principle of exhausting ...

Section 87A rebate allows resident individuals with income under specified limits to reduce their tax liability to zero, clarifying the “no tax” ...

The High Court held that complex issues on overlapping State and Central proceedings should be examined by the Appellate Authority. The Supreme Court has stayed the order after notice on the argument ...