
Trust Registration Cannot Be Denied for Irrevocability Clause Absence
The ITAT ruled that Section 12AB registration for trusts cannot be denied due to lack of an irrevocability clause.
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.

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.
The RBI consolidates customer protection measures for Regional Rural Banks related to unauthorized electronic transactions. The guidelines aim to enhance trust and liability management.
The RBI has issued updated directives for Urban Co-operative Banks to clarify customer liability in unauthorized electronic transactions. This is essential for enhanced customer security.
The RBI has consolidated instructions for Rural Co-operative Banks regarding customer liability in unauthorized electronic banking transactions. This reinforces customer protection measures.
SEBI is seeking public comments on proposed significant changes to trading software and IT regulations. The revisions aim to modernize compliance requirements and improve the efficiency of technological operations in the trading ecosystem.
This article provides a comprehensive analysis of Electronic Gold Receipts (EGRs), explaining how they facilitate a regulated, exchange-traded market that enhances liquidity in gold transactions. It covers their regulatory framework along with challenges hindering broader adoption.
This document clarifies the effective date of a director's resignation and outlines the necessary compliance requirements and continuing liabilities.
The article identifies common mistakes in DPT-3 deposit classification that could lead to penalties and offers insights on compliance requirements and deadlines.