AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
A recent digest clarifies under what circumstances errors made by Chartered Accountants can be accepted as 'reasonable cause' for non-compliance under the Income Tax Act. It provides crucial insights for legal practitioners in tax matters.
SEBI has provided informal guidance permitting discretionary Portfolio Management Services clients to pledge securities at their discretion, maintaining their status in Assets Under Management until invocation.
SEBI has released comprehensive studies on retail equity derivatives participation, analyzing their trading behavior, profitability, and trends in options trading for FY25-FY26.
The formation of five new districts in the Union Territory of Ladakh has led the RBI to assign lead bank responsibilities. This move aims to support developmental activities and financial inclusion efforts in the newly established districts.
The Reserve Bank of India has announced the auction results for government stocks, highlighting substantial competitive bids received for various securities. The results reflect market demand and financial stability.
The Central Board of Directors of the Reserve Bank of India convened for its 624th meeting to discuss economic conditions and governance operations. This meeting reflects adjustments to RBI's strategic responses to contemporary economic challenges.
The Reserve Bank of India (RBI) has scheduled auctions for 91-Day, 182-Day, and 364-Day Treasury Bills, aiming to raise ₹9,000 Crore and ₹8,000 Crore respectively. These treasury bills are pivotal for managing public debt and finance.
The Reserve Bank of India (RBI) has announced an auction for State Government Securities, totaling ₹20,100 Crore. This auction includes multiple re-issues, reflecting the continuous efforts of state governments to raise capital amidst fiscal needs.
The Reserve Bank of India (RBI) reported the status of forex inflows under its USD-INR Forex Swap facility for FCNR(B) deposits, External Commercial Borrowings (ECBs), and Overseas Foreign Currency Borrowings (OFCBs). This facility remains available until the end of 2026 for ECBs and OFCBs, while positions reported by banks offer insight into current liquidity.
MTS-EILE has officially withdrawn its application concerning the applicable GST rate for an ongoing works contract. No ruling will be issued, clarifying the uncertainties surrounding the rate dispute.
The Rajasthan Authority for Advance Ruling has determined that merely having a GSTIN or making a fee payment does not automatically establish the status of a service recipient. A broader assessment of services rendered is necessary.
The RBI announced the formation of new districts in Ladakh and assigned lead bank responsibilities. Financial institutions must adapt to the changes.
The RBI has published the calendar for early redemption of Sovereign Gold Bonds, effective from October 2026 to March 2027, providing important timelines for investors.