Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI's Sixth Amendment clarifies the SNRR account usage for startups without altering FDI legal classifications. This modification broadens online access while safeguarding existing definitions.
This article identifies frequent mistakes in the RBI's FLA Return filing, emphasizing the need for accurate reporting to avoid regulatory scrutiny.
Recent FEMA reforms have streamlined downstream investments in India, yet unresolved issues regarding foreign ownership and pricing rules persist. This highlights the need for regulatory clarification to better facilitate investment.
The NCLT has ruled that financing through the TReDS platform does not equate to financial debt under the IBC, as it merely involves the assignment of trade receivables.
NCLT rules that merely assigning trade receivables does not alter the nature of the debt from operational to financial under the IBC.
ITAT ruled that interest from government grants held in fixed deposits is not taxable if defined as project fund corpus in an MOU.
The ITAT ruled that Section 12AB registration for trusts cannot be denied due to lack of an irrevocability clause.
ITAT has ruled that missing year-wise bifurcation in satisfaction notes does not invalidate Section 153C orders.
This article discusses the complexities surrounding the reporting of cryptocurrency in income tax filings, covering legal provisions, compliance issues, and reconciliation challenges.
The RBI has issued amendments for Small Finance Banks, highlighting customer protection in unauthorized electronic transactions. These amendments are crucial for enhancing consumer confidence.
The RBI has amended directives for Payments Banks regarding customer liabilities in unauthorized electronic banking transactions. This is essential for improving consumer protection.
The RBI has issued new directives for Local Area Banks, reinforcing customer protection provisions in electronic banking transactions. This is crucial for enhancing consumer trust.