AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The SAFEMA Appellate Tribunal clarifies that properties of alleged abettors cannot be attached under PBPT Act unless proven to be benami properties.
Indian families with US investments must be aware of a potential 40% estate tax and associated FEMA requirements. Proactive planning is essential to mitigate risks.
The Orissa High Court has stayed coercive recovery measures concerning motor vehicle tax after the petitioner raised objections pending adjudication. The court directed payment of arrears to facilitate consideration of these objections.
The Central Board of Indirect Taxes and Customs (CBIC) has announced the transfer and posting of 289 Additional and Joint Commissioners across various zones and directorates. This strategic move aims to enhance operational efficiency in GST and customs administration.
The ITAT has restored an education trust's tax registration application, instructing authorities to reconsider it in light of a bona fide form error.
The Income Tax Department has implemented ITR-2 online filing and Excel Utility for the Assessment Year 2026-27, enhancing the e-filing process.
The RBI has updated the Responsible Business Conduct Directions for Regional Rural Banks, promoting ethical practices and compliance within their operations.
The Reserve Bank of India has issued new amendments focusing on Credit Risk Management for Non-Banking Financial Companies, aiming to strengthen their risk management policies and procedures.
The RBI has introduced amendments to enhance credit risk management frameworks for Rural Cooperative Banks, focusing on best practices in asset resolution.
The RBI has amended the Responsible Business Conduct Directions for All India Financial Institutions to enhance ethical business practices and governance standards within the sector.
The Reserve Bank of India has issued directions to Agency Banks for the disbursement of government pensions. This includes stipulations on compliance and operational procedures to be followed by the banks in ensuring timely and accurate pension payments.
The Reserve Bank of India has issued fresh directions regarding the conduct of government business by Agency Banks, focusing on payment of agency commissions and the oversight of these banks. These updates emphasize the regulatory framework guiding financial institutions involved in government transactions.
The Reserve Bank of India has sanctioned the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective May 04, 2026.