FeaturedSupreme Court of Indiatax
SC Bars Dual CST Exemptions for Cement Dealers
Supreme Court rules cement dealers cannot claim both 6% CST concession and partial exemption under Rajasthan's 1986 notification in same year.
Oct 10, 2026Read more →
Court News
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedFeaturedBombay High Courttaxcriminal
₹300 Crore Fake GST Invoices: Bombay HC Denies Bail
Bombay HC rejects anticipatory bail for father and son in ₹300 crore fake GST invoicing case linked to dummy firms.
Oct 10, 2026Read more →
FeaturedReserve Bank of Indiaforeign_exchangeexport_import
FEMA Export Rules Revised: 9-Month Realisation Deadline
New RBI FEMA export rules effective 1 October 2026 mandate 9-month realisation of export proceeds, with 12 months for INR-denominated exports and AD Bank extension powers.
Oct 10, 2026Read more →
FeaturedReserve Bank of Indiabankingfinancial_regulation
RBI Amends QCCP Risk Weights and CVA Rules for Banks
RBI's Twelfth Amendment Directions, 2026 introduce a 2% risk weight on QCCP exposures for commercial banks and revise CVA capital charge methodologies effective April 2027.
Oct 10, 2026Read more →
FeaturedReserve Bank of Indiabankingfinancial_regulation
RBI Raises Bank Rate to 5.75%, Updates CRR and SLR Penal Rates
The Reserve Bank of India has increased the Bank Rate from 5.50% to 5.75% with immediate effect. Concurrently, it revised penal interest rates for non-compliance with Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) norms.
Oct 10, 2026Read more →
FeaturedInstitute of Chartered Accountants of India (ICAI)corporatetax
ICAI Removes CA's Name for Reporting Failures in ₹1,150cr Fraud
The ICAI removed a CA's name for one year for failing to report material financial irregularities and going concern issues in a case involving ₹1,150 crore siphoning. The order underscores auditors' duty of diligence.
Oct 9, 2026Read more →
FeaturedGST Counciltaxgst
GST Council Enforces Zero Tolerance for Fake ITC Fraud
The GST Council announced zero tolerance for fake ITC fraudsters using AI-driven, high-risk profiling tools to detect and prevent fraudulent claims.
Oct 9, 2026Read more →
FeaturedGST Counciltaxgst
GST Council Approves 10-Day Refund Acknowledgement
The GST Council has approved a faster refund mechanism requiring 10-day acknowledgment and 90% provisional sanction based on risk profiling.
Oct 9, 2026Read more →
FeaturedReserve Bank of Indiabankingcorporate
RBI Amends Commercial Bank Credit Valuation Rules
The RBI introduced new directions on Credit Valuation Adjustment (CVA) framework for commercial banks to strengthen risk-based capital norms.
Oct 9, 2026Read more →
FeaturedReserve Bank of Indiabankingcorporate
RBI Tightens Capital Norms for Commercial Banks
The RBI issued the Twelfth Amendment Directions, 2026, revising capital adequacy norms for commercial banks, including legal opinions for clearing members and valuation adjustments for incurred losses.
Oct 9, 2026Read more →
FeaturedReserve Bank of India (Regulatory Action)bankingregulatory
RBI issues Directions under Section 35A to two co-operative banks
RBI has issued regulatory Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, to Sri Mahatma Basaveshwar Co-operative Bank Ltd. and The Tiruvalla Urban Co-operative Bank Ltd., effective October 8, 2026. The public is advised to take note of restrictions, if any, imposed under these Directions.
Oct 9, 2026Read more →
FeaturedDelhi High Courttax
Third-Party Search Under Section 132 Upheld by Delhi HC
Delhi High Court upheld separate search warrants under Section 132 for a couple’s premises and bank locker located at a third party’s address, affirming reasonable belief and jurisdictional compliance.
Oct 9, 2026Read more →