banking
RBI to Conduct Variable Rate Repo Auction on June 29, 2026
The Reserve Bank of India has scheduled a Variable Rate Repo auction to manage liquidity conditions on June 29, 2026, with a notified amount of ₹75,000 Crore.
Jun 28, 2026Read more →
Court News
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Reserve Bank of Indiabanking
Draft Master Direction on Money Markets Released by RBI
The RBI has released a draft direction on Call, Notice, and Term Money Markets, inviting stakeholder feedback before implementation, which may reshape money market operations.
Jun 27, 2026Read more →
Reserve Bank of Indiabanking
RBI to Conduct Variable Rate Repo Auction
The RBI has scheduled a Variable Rate Repo auction to manage liquidity, solidifying its role in stabilizing the financial market amidst changing conditions.
Jun 27, 2026Read more →
Reserve Bank of Indiataxbanking
State Government Securities Auction Summarized
The Reserve Bank of India has announced an auction of state government securities amounting to ₹13,600 Crore. The details of the offerings and their terms are crucial for potential investors.
Jun 27, 2026Read more →
Registrar of Copyrightsintellectual_property
PPL Registered as Copyright Society for Sound Recordings
Phonographic Performance Limited (PPL) has been registered as a copyright society for sound recordings under the Copyright Act, enhancing collective licensing mechanisms in India.
Jun 27, 2026Read more →
ITATtax
Section 263 Revision Invalid After Proper Inquiry by AO
ITAT quashes a Section 263 revision order, reinforcing that adequate inquiries by the AO cannot be overruled based on mere preferences for additional verification.
Jun 27, 2026Read more →
ITATtax
₹10 Lakh Addition Deleted Over Weak Cash Payment Evidence
The Pune ITAT dismissed a ₹10 lakh addition, ruling that unsubstantiated cash payment claims cannot outweigh documented banking transactions.
Jun 27, 2026Read more →
Income Tax Acttax
Angel Tax Abolished, Yet Section 56(2)(viib) Scrutiny Continues
An overview of the abolition of angel tax for certain taxpayers and ongoing scrutiny under Section 56(2)(viib) for the assessment year 2026-27.
Jun 27, 2026Read more →
Income Tax Acttax
NRI ITR Filing in India: Key Compliance Points
A comprehensive guide for NRIs on compliance surrounding Indian income tax, detailing taxable income and obligations related to ITR filing.
Jun 27, 2026Read more →
Income Tax Acttax
Is Tax Audit Compulsory Under Section 58(3) for Income Below 6%?
This article examines whether a tax audit is mandatory under Section 58(3) of the Income-tax Act when profits fall below 6%, emphasizing the need for legislative clarification.
Jun 27, 2026Read more →
Calcutta High Courtcriminal
Calcutta HC Directs Expedited Probe into ₹13 Crore Duping Fraud Case
The Calcutta High Court ordered the Detective Department to hasten the investigation into a ₹13 crore duping case, emphasizing the need for timely justice in such serious matters.
Jun 27, 2026Read more →
Income Tax Appellate Tribunaltax
CA Not Taxable on Client Tax Payment Deposits: ITAT
The ITAT has ruled that a Chartered Accountant (CA) acting as a conduit for client tax payments cannot be taxed on funds deposited through their bank account as unexplained income.
Jun 27, 2026Read more →