Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
A new article identifies 17 prevalent mistakes made by companies when filing the RBI's FLA Return, stressing the importance of understanding the associated reporting requirements to avoid regulatory issues.
The Chhattisgarh High Court granted regular bail in a ₹7.59 crore fake Input Tax Credit case, determining further custodial interrogation was unnecessary.
The ITAT ruled that the Principal Commissioner of Income Tax (PCIT) cannot revise an assessment based on a deduction that the taxpayer never claimed. This decision clarifies the limitations of PCIT's powers in assessment revisions.
RBI Governor Sanjay Malhotra met with export organization representatives in Mumbai to discuss key contributions and initiatives supporting the export sector.
The Reserve Bank of India has announced the auction of Government of India Treasury Bills for July 2026, including multiple tenors to cater to diverse investor needs.
The Reserve Bank of India has published its Weekly Statistical Supplement, revealing details on liabilities and assets for June 2026. Notably, loans and advances to state governments indicate significant variations.
The Reserve Bank of India has imposed a monetary penalty on The Nabapalli Cooperative Bank for KYC non-compliance, highlighting regulatory vigilance in banking practices.
The RBI Governor met with representatives from export organizations to discuss strategies for enhancing exports and strengthening industry relationships.
The RBI has released a calendar for Treasury Bills issuance covering the next quarter, providing key dates for investors to strategically plan their investments.
The RBI has announced the auction of Treasury Bills, including various tenors, which highlights ongoing financial strategies by the government to optimize funding avenues.
The Reserve Bank of India has released its Weekly Statistical Supplement, providing insights into liabilities and assets for the periods ending June 12 and June 19, 2026. Notable changes in loans and advances to state governments are highlighted.
The Pune ITAT declined to condone a significant delay in appealing a Section 12AB rejection citing insufficient justification.