AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The ITAT has clarified that Section 56(2)(x) of the Income Tax Act does not apply when the property consideration is determined based on an earlier agreement.
The ITAT has ordered a fresh review of ₹30 lakh property sale gain and ₹10.83 lakh share investment additions, highlighting the failure to consider purchase costs and sources of funds in the original decision.
The Reserve Bank of India has released third amendment directions for Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) applicable to Commercial Banks to strengthen liquidity management.
The Reserve Bank of India has announced new amendments to the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) for Small Finance Banks to enhance liquidity frameworks.
The Reserve Bank of India has released third amendment directions for Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) applicable to Urban Co-operative Banks to enhance liquidity management practices.
The Reserve Bank of India has issued amendments to the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) for Rural Co-operative Banks, aimed at improving liquidity management.
The Reserve Bank of India has published the third amendment directions for Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) applicable to Regional Rural Banks, aimed at improving liquidity and financial stability.
The RBI has finalized new guidelines for the Lead Bank Scheme after considering public feedback.
The RBI has issued final Directions for the Revised Kisan Credit Card Scheme after reviewing stakeholder feedback.
Several Indian states are set to auction securities worth ₹16,900 Crore. Bihar is among the states participating with a re-issue of its 7.69% state government securities.
Historical debates reveal insights into the neglected topic of the copyright reversion right in India, which has significant implications for authors and creators.
Phonographic Performance Limited (PPL) has been officially registered as a copyright society under the Copyright Act, 1957. This registration will streamline the management of rights concerning sound recordings in India.
The ITAT remanded a transfer pricing adjustment, citing errors in the computation of arm’s length price using incorrect entity-level metrics.