The Tribunal held that cash deposits were fully explained through matching earlier withdrawals. The addition of ₹15 lakh was removed as the source of funds was satisfactorily ...

The Tribunal held that book profit on sale of a motor vehicle cannot be taxed separately when the sale value is already reduced from the block. It ruled that taxing such profit would cause double ...

Explains RBI’s 2025 framework enabling banks to issue long-term bonds for infrastructure and affordable housing, with key regulatory incentives such as CRR/SLR ...

RBI has replaced the old 2016 KYC framework with entity-specific directions for all Authorised Persons. The update mandates compliance with new KYC norms based on regulatory category and requires ...

MCA notifies higher financial limits for defining small companies, increasing the paid-up capital cap to ₹10 crore and turnover cap to ₹100 crore. The amendment broadens eligibility and simplifies ...

The 2025 directions provide a structured framework for voluntary amalgamation of banks, ensuring governance, shareholder approval, and regulatory ...

RBI has repealed the 2016 KYC Master Direction and mandated adoption of the new 2025 KYC Directions across all payment systems. The update standardizes KYC, digital verification, and due diligence ...

The bank invites CA firms for conducting a concurrent audit of its Mumbai treasury operations, ensuring compliance with RBI ...

The Tribunal held that customs authorities lacked legal authority to levy cost recovery charges, rendering the commissioner’s ...

The Court held that refund appeals pending for years must be decided within the statutory one-year period under the CGST Act.

The High Court held that the petitioner must pursue the appellate remedy under Section 112 of the CGST Act, declining to ...

Andhra Pradesh High Court held that notices issued under Sections 148-A and 148 outside the faceless assessment scheme are ...