AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The ITAT ruled that the Revenue was unable to prove the taxpayer's ownership of the property, resulting in the deletion of capital gain additions. This decision highlights the burden of proof on the tax authorities.
The RBI has modified the reporting requirements for Authorized Persons under FEMA, 1999, streamlining the framework for money changing and transfer services. This amendment intends to enhance operational efficiency.
The Reserve Bank of India has invited comments on draft Master Directions for Call, Notice, and Term Money Markets by July 17, 2026, enhancing regulatory clarity in the money market.
The Reserve Bank of India has published the auction calendar for Treasury Bills for the quarter ending September 2026, detailing amounts and schedules.
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.
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.
The RBI has scheduled a Variable Rate Repo auction to manage liquidity, solidifying its role in stabilizing the financial market amidst changing conditions.
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.
Phonographic Performance Limited (PPL) has been registered as a copyright society for sound recordings under the Copyright Act, enhancing collective licensing mechanisms in India.
ITAT quashes a Section 263 revision order, reinforcing that adequate inquiries by the AO cannot be overruled based on mere preferences for additional verification.
The Pune ITAT dismissed a ₹10 lakh addition, ruling that unsubstantiated cash payment claims cannot outweigh documented banking transactions.
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.
A comprehensive guide for NRIs on compliance surrounding Indian income tax, detailing taxable income and obligations related to ITR filing.