ITATtax
Typographical Errors in Tax Audit Reports: Impact on PF Deductions
This ruling affirms that minor typographical errors in tax audit reports cannot invalidate PF deductions.
Jun 27, 2026Read more →
Court News
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
ITATtax
Flat Registration for Mortgage Alone Does Not Trigger Section 56(2)(x)
The ITAT found that mortgages do not automatically invoke taxation under Section 56(2)(x) if solely for registration purposes.
Jun 27, 2026Read more →
ITATtax
Missing Original Section 12A Certificate Cannot Deny Section 12AB Registration
The ITAT ruled that an old Section 12A certificate loss does not justify denial of Section 12AB registration.
Jun 27, 2026Read more →
Income Tax Acttax
CBDT Approves University of Hyderabad for Tax Benefits
Approval granted to the University of Hyderabad for scientific research tax benefits for 2026-27 to 2030-31.
Jun 27, 2026Read more →
Income Tax Acttax
CBDT Grants Five-Year Scientific Research Recognition
The Central Board of Direct Taxes (CBDT) has approved recognition for public health research for tax benefits from 2026-27 to 2030-31.
Jun 27, 2026Read more →
Income Tax Acttax
Senior Citizen Tax Clinic – Part 1: ITR Filing Simplified
This informative piece outlines the necessary steps for senior citizens to file Income Tax Returns (ITR), including exemptions and common pitfalls.
Jun 27, 2026Read more →
Income Tax Acttax
FAQs on Authority for Advance Ruling/Board for Advance Rulings
This article provides insights on who can apply for advance rulings, the related fees, and the transition from the AAR to the Board for Advance Rulings under the Income-tax Act.
Jun 27, 2026Read more →
N/Acorporate
MCA Unveils Corporate Mitra Course for MSMEs with Leading Institutions
The Ministry of Corporate Affairs (MCA) launched a 12-month blended learning course aimed at assisting MSMEs with compliance needs. The initiative is a collaboration with prestigious institutions including ICAI and IIT Madras.
Jun 27, 2026Read more →
Reserve Bank of Indiabankingcorporate
RBI Imposes Fine on Modern Co-operative Bank for Non-compliance
The RBI has issued a ₹1 lakh penalty on Modern Co-operative Bank for violations related to exposure norms and KYC regulations.
Jun 26, 2026Read more →
Reserve Bank of Indiabankingcorporate
RBI Penalizes Nabapalli Cooperative Bank for KYC Violations
The RBI has imposed a penalty on Nabapalli Cooperative Bank for failing to comply with KYC regulations.
Jun 26, 2026Read more →
Reserve Bank of Indiacorporatebanking
RBI Governor Discusses Export Issues with Industry Representatives
The RBI Governor met with export organization leaders to discuss industry challenges affecting exports in India.
Jun 26, 2026Read more →
Reserve Bank of Indiabankingcorporate
RBI to Conduct VRR Auction on June 29, 2026
The RBI plans to hold a Variable Rate Repo auction, amounting to ₹75,000 Crore, to manage liquidity on June 29, 2026.
Jun 26, 2026Read more →