AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The third amendment to the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) directions for rural co-operative banks has been issued by the Reserve Bank of India, focusing on enhancing liquidity management.
The Reserve Bank of India has released the third amendment to the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) directions for Regional Rural Banks, impacting their regulatory framework.
New directions for the Kisan Credit Card (KCC) Scheme for commercial banks have been released by the Reserve Bank of India, aimed at enhancing agricultural credit availability for farmers.
The Reserve Bank of India has unveiled new directions for the Kisan Credit Card (KCC) Scheme applicable to small finance banks. The provisions focus on optimizing credit access for farmers through structured guidelines.
The Reserve Bank of India has introduced new directions for the Kisan Credit Card (KCC) Scheme focused on regional rural banks, promoting enhanced agricultural credit access. Key provisions include credit limits, tenure, and general instructions for implementation.
The Reserve Bank of India has released new directions for the Kisan Credit Card (KCC) Scheme applicable to rural co-operative banks. This initiative aims to streamline credit disbursement processes and establish clearer guidelines for agricultural loans.
India’s CSIR collaborates with Brazil's INPI to enhance access to the Traditional Knowledge Digital Library, marking a significant step in biodiversity governance and intellectual property management.
The Supreme Court upheld the GST framework for actionable claims, clarifying that they have been taxable since GST's inception.
The ITAT Kolkata ruled that the CPC cannot process returns under Section 143(1) once a Section 143(2) scrutiny notice has been issued, quashing the intimation provided.
The ITAT Kolkata emphasized that the CPC must consider pending condonation applications before deciding on exemption claims under Section 11 when Form 10B is delayed.
The ITAT Cochin determined that land integral to an approved housing project must meet the one-acre requirement for Section 80-IB(10) deductions, ruling that unrelated land cannot be counted.
The ITAT Mumbai held that the fair market value of surrendered tenancy rights serves as the cost of acquisition for properties redeveloped under such schemes, impacting assessment of capital gains.
The Orissa High Court quashed a Section 143(2) notice issued by an authority without jurisdiction, leaving the door open for the competent authority to issue a proper notice in compliance with legal standards.