Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has modified the returns and reporting requirements under FEMA, impacting all authorized persons. This reflects ongoing changes to enhance compliance efficiency.
The RBI has published the full auction results of government stock, detailing amounts and yields achieved.
The RBI has extended the Directions under the Banking Regulation Act for The Industrial Co-operative Bank Ltd., Guwahati for another six months.
The Reserve Bank of India has published its Weekly Statistical Bulletin detailing liabilities and assets, showing significant trends.
The RBI has announced the redemption price for premature redemption of the Sovereign Gold Bond 2020-21 Series-IX, due on July 4, 2026.
The Reserve Bank of India is set to auction 91-day, 182-day, and 364-day Treasury Bills totaling ₹17,000 Crore, enhancing liquidity in the market.
The CBDT has authorized jurisdictional PCIT or CIT to review and approve delayed Form 10AB applications for Section 80G approval renewal until December 31, 2026.
Taxpayers must be aware of the pitfalls of missing the ITR deadline, which can result in penalties, delays in refunds, and loss of tax benefits.
The ITAT has ruled that a 'Legal Heir' is not synonymous with a 'Legal Representative' in its assessment order, emphasizing the need for clarity on heir status in estate matters.
The ITAT has remanded a case to the Assessing Officer to verify rural branch advances pertinent to bad debt provisions under Section 36(1)(viia), asserting the necessity of accurate data verification.
The article highlights the significance of accurate passport records in establishing residency for global tax compliance.
The Madras High Court has granted 30 days for a reply under Section 74 regarding the return of goods sent for job work, stressing limited exemptions for genuine errors.