AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The ITAT has ruled that a Chartered Accountant can claim presumptive taxation under Section 44ADA for remuneration received from a partnership in a professional firm.
In a recent decision, the ITAT ruled that interest and dividend income earned from cooperative banks qualifies for tax deduction under Section 80P(2)(d) of the Income Tax Act.
The ITAT has ruled that cash deposits made during demonetisation can be explained through agricultural income and regular business turnover, thus deleting the additional tax assessment.
The Reserve Bank of India has released the Second Amendment Directions for Local Area Banks aimed at resolving stressed assets efficiently.
The Reserve Bank of India publishes the Second Amendment Directions for Commercial Banks focusing on income recognition and asset classification.
The Reserve Bank of India has announced new directives for Small Finance Banks regarding income recognition and asset classification.
The Reserve Bank of India announces the Third Amendment Directions for Non-Banking Financial Companies focused on enhancing income recognition and asset classification.
The Reserve Bank of India introduces the Second Amendment Directions for All India Financial Institutions, enhancing standards for income recognition and asset classification.
The Reserve Bank of India announces the Second Amendment Directions for Urban Cooperative Banks focused on income recognition and asset provisioning standards.
The Reserve Bank of India publishes the Third Amendment Directions for Rural Cooperative Banks to establish clearer standards for income recognition and asset classification.
The Reserve Bank of India has published the Second Amendment Directions for Regional Rural Banks regarding income recognition and asset classification to improve financial stability.
The Reserve Bank of India has announced the Second Amendment Directions concerning income recognition, asset classification, and provisioning for Local Area Banks. The amendments are aimed at enhancing operational efficiency.
The results of the Treasury Bill auction conducted on July 22, 2026, reveal competitive bids and yield rates for 91-Day, 182-Day, and 364-Day T-Bills. The total notified amount was ₹24,000 crore.