ITAT Delhi emphasized that FAR analysis governs segmentation for transfer pricing purposes. Artificial aggregation without ...

The RBI’s 2025 Governance Directions overhaul board structure, management roles, and oversight mechanisms to strengthen accountability and professionalism in ...

ITAT Bangalore held that disallowing outstanding sub-contract expenses payable under section 68 of the Income Tax Act as unexplained cash credit without specific reasoning and without pointing out ...

The Tribunal admitted a gift deed filed for the first time before it, noting that the donor was no longer alive. The ₹26.36 lakh addition was remanded for verification of the deed and surrounding ...

Delhi ITAT  set aside the order of CIT(A), NFAC sustaining addition of ₹50.45 lakh towards cash deposits and restored ...

The RBI has issued comprehensive directions governing how UCBs can undertake financial services beyond core banking. The framework tightens governance, eligibility, and risk controls across ...

The RBI has issued comprehensive directions governing digital banking channels for UCBs. The rules clarify eligibility, approval requirements, and customer protection norms, effective from January 1, ...

The law recognises a Hindu Undivided Family as a creature of birth, not agreement, with the Karta deriving authority solely from coparcenary status. Management rights arise by operation of Hindu law ...

RBI has issued new Directions consolidating customer service and fair conduct norms for RRBs. The rules take effect immediately and aim to strengthen ethical banking practices. The key takeaway is ...

RBI has notified new Directions governing miscellaneous regulatory and operational aspects of RRBs. Certain provisions also apply to sponsor banks, reinforcing shared oversight. The key takeaway is ...

RBI has issued binding Directions prescribing how Regional Rural Banks must present and disclose their financial statements. The Directions apply to all RRBs with immediate effect and aim to improve ...

Income from property blended into an HUF remains taxable in the individual’s hands under section 64(2). The ruling highlights that blending cannot be used as a tool for income ...