Reserve Bank of Indiabankingcorporate
Monetary Penalty Imposed on Bank of Baroda
The RBI has fined Bank of Baroda ₹63.60 lakh for non-compliance with KYC and Fair Practices Code regulations.
Jul 4, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
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Reserve Bank of Indiabankingcorporate
RBI Imposes Penalty on GIC Housing Finance
The Reserve Bank of India has levied a monetary penalty of ₹3.10 lakh on GIC Housing Finance for KYC non-compliance under the 1987 Act.
Jul 4, 2026Read more →
Reserve Bank of Indiabanking
RBI to Conduct Variable Rate Repo Auction
On July 6, 2026, the Reserve Bank of India will conduct a 3-day Variable Rate Repo auction to address liquidity conditions.
Jul 4, 2026Read more →
Delhi High Courttax
Secondment Reimbursements to EY US Taxable as FTS: Delhi HC
The Delhi High Court ruled that secondment reimbursements from EY US are taxable as fees for technical services (FTS) as employees impart technical knowledge to Indian entities.
Jul 4, 2026Read more →
Calcutta High Courtcriminal
3 Kg Ganja Recovery: Calcutta HC Grants Bail Against Air Customs Opposition
The Calcutta High Court granted bail to a petitioner accused in a ganja recovery case, stating further detention was unnecessary. The ruling relied on a Supreme Court precedent emphasizing the quantity of narcotics in bail considerations.
Jul 4, 2026Read more →
Orissa High Courtcriminal
Strict 'First Hour-Second Hour' Timeline for Bail Consideration in PMLA Case: Orissa HC
The Orissa High Court has established a strict timeline for bail considerations in a PMLA case, requiring prompt adjudication based on an established parity with co-accused. The petitioner was directed to surrender before the trial court.
Jul 4, 2026Read more →
Income Tax Departmenttax
Clarification on Filing Two ITRs During Transition Period
The Income Tax Department has clarified that taxpayers will be required to file under both the old and new Income Tax Acts during the transition.
Jul 4, 2026Read more →
Income Tax Departmenttax
ITR-1 Filing Checklist for AY 2026-27
This article provides a practical ITR-1 checklist aimed at salaried individuals to prepare for the upcoming filing season for AY 2026-27.
Jul 4, 2026Read more →
Income Tax Departmenttax
Analysis of New Tax Audit Limits Under Section 44AB
This article analyzes the changes in tax audit limits under Section 44AB, revealing which taxpayers will be affected by the revised provisions.
Jul 4, 2026Read more →
Income Tax Departmenttax
Complete ITR-4 Checklist for AY 2026-27
This article provides a comprehensive checklist for presumptive taxpayers under sections 44AD and 44ADA, ensuring they record their income and comply with filing requirements for AY 2026-27.
Jul 4, 2026Read more →
Income Tax Departmenttax
Deep Dive into Section 56(2)(viib) of Income Tax Act, 1961
This article explores the intricacies of Section 56(2)(viib) of the Income Tax Act, which imposes tax on shares issued above Fair Market Value. Understanding the nuances of Fair Market Value assessment is vital for tax practitioners.
Jul 4, 2026Read more →
Madhya Pradesh High Courtcriminalmedia
Madhya Pradesh HC grants bail to journalists in extortion case
The Madhya Pradesh High Court has granted anticipatory bail to journalist Vinay Arora in an extortion case related to a sting operation on female foeticide. The court previously granted bail to another journalist involved in the same case.
Jul 3, 2026Read more →
Delhi High Courtcivilarbitration
Delhi HC refers mediation deadline issue to larger bench
The Delhi High Court has referred the issue of whether mediation periods should be excluded from statutory deadlines for written statements to a larger bench. This decision arises from conflicting opinions among lower benches.
Jul 3, 2026Read more →