If you’ve ever wondered whether Bitcoin deserves a place alongside your stocks, bonds and cash, you’re in good company. Over ...

The central bank has laid down fresh directions requiring transparent, Board-approved interest rate frameworks for urban co-operative banks. The key takeaway is stronger safeguards against excessive ...

I capital to prevent over-concentration. The key takeaway is stronger balance-sheet resilience through diversified ...

Delhi High Court held that denial of benefit of Input Tax Credit [ITC] due to non-filing of TRAN-1 not justified since the ...

This case explains why related party transactions require heightened audit scrutiny under SA-550. The key takeaway is that influence and control, not just legal structure, determine audit risk and ...

The issue addressed was the need for a consolidated regulatory framework for UCB credit operations. The key takeaway is that RBI has standardised credit norms to ensure stability, depositor protection ...

The ITAT held that cancellation of provisional registration merely for non-compliance with notices is unsustainable when lapses are not deliberate. The case was remanded to allow the applicant a fair ...

The dispute involved penalties on bank interest earned by a mutual entity prior to a change in law. The Tribunal held that a bona fide claim based on settled law cannot be treated as concealment, ...

The ITAT held that a technical error in selecting an incorrect clause of section 12A(1)(ac) cannot justify rejection of registration. Where activities are genuine, authorities must allow rectification ...

The Tribunal examined whether reassessment beyond three years was valid when the assessed escaped income was only ₹13.98 lakh. It held that failure to meet the ₹50 lakh threshold under section ...

The ITAT held that undated satisfaction notes defeat jurisdiction under section 153C. In such cases, limitation must be computed from the notice date, making assessments beyond the block period ...

The ITAT held that additions based on incorrect and unreconciled bank data cannot be sustained. The assessment was remanded for fresh verification of actual cash deposits and ...