Income Tax Appellate Tribunaltax
ITAT Upholds 16% Profit Estimation on Unverified Seized Material
The ITAT affirmed the CIT(A)'s directive to estimate a 16% profit on unaccounted receipts during a search.
Aug 18, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
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Securities and Exchange Board of Indiacorporatesecurities
SEBI Proposes Simplified Digital KYC for NRIs and Foreign Nationals
SEBI plans to simplify the KYC process for Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and other foreign nationals, making it easier to onboard while outside India. This proposal is aimed at enhancing accessibility.
Aug 18, 2026Read more →
Securities and Exchange Board of Indiacorporatesecurities
SEBI Permits Debt-Funded Road Maintenance Expenses in InvIT NDCF
SEBI has permitted Infrastructure Investment Trusts (InvITs) to include debt-funded road maintenance expenses in their Net Distributable Cash Flows (NDCF), contingent upon certain conditions. This ruling aims to provide clearer guidelines and improve operational flexibility for InvITs.
Aug 18, 2026Read more →
Reserve Bank of Indiabanking
RBI Engages Local Area Banks with Updated Responsible Conduct Directions
The RBI's fourth amendments for Local Area Banks focus on responsible practices in recovery operations, enhancing consumer rights protection.
Aug 18, 2026Read more →
Reserve Bank of Indiabanking
RBI Amendments for Regional Rural Banks Focus on Recovery Practices
The RBI has introduced fourth amendment directions for Regional Rural Banks, focusing on responsible engagement with recovery agents to enhance consumer protection.
Aug 18, 2026Read more →
Reserve Bank of Indiabanking
RBI Amends Directions for Rural Co-operative Banks
The RBI has introduced the fourth amendment directions for Rural Co-operative Banks focusing on ethical recovery agent engagement, promoting responsible practices in the sector.
Aug 18, 2026Read more →
Reserve Bank of Indiabanking
RBI Directions on Responsible Business Conduct for AIFIs Amended
The RBI has amended its Responsible Business Conduct directions for All India Financial Institutions (AIFIs) focusing on recovery agent responsibilities, enhancing accountability and transparency.
Aug 18, 2026Read more →
Reserve Bank of Indiabanking
RBI Updates Responsible Business Conduct Directions for NBFCs
The RBI's third amendment on Responsible Business Conduct for Non-Banking Financial Companies (NBFCs) focuses on recovery agent engagement practices to promote ethical lending.
Aug 18, 2026Read more →
Reserve Bank of Indiabanking
RBI Amends Directions for Housing Finance Companies
The RBI has amended its directions concerning Housing Finance Companies (HFCs) with a focus on the engagement of recovery agents. This aims to enhance transparency and fairness in recovery practices.
Aug 18, 2026Read more →
Reserve Bank of Indiabanking
RBI Issues Priority Sector Lending Amendment Directions, 2026
The RBI has released the second amendment directions on Priority Sector Lending targets and classification. This is part of a broader initiative to enhance liquidity and support particular sectors in the economy.
Aug 18, 2026Read more →
Reserve Bank of Indiabanking
Formation of New Districts in Ladakh Assigned Lead Bank Responsibilities
The Ladakh UT administration has formed five new districts and assigned lead bank responsibilities. The development aims to enhance banking services and promote financial inclusion in the region.
Aug 18, 2026Read more →
banking
Government of India Dated Securities Auction Announcement
The Government of India has announced the re-issue of two dated securities for ₹28,000 crore, scheduled for auction. This aims to manage the country’s public debt effectively.
Aug 18, 2026Read more →
banking
RBI to conduct Overnight VRRR auction on August 18, 2026
The RBI is scheduled to conduct an Overnight Variable Rate Reverse Repo (VRRR) auction on August 18, 2026, of ₹1,50,000 crore to manage market liquidity.
Aug 18, 2026Read more →