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 ...

The issue involved denial of charitable registration citing delay and lack of evidence. The Tribunal ruled that the assessee deserved a final opportunity to substantiate activities before a fresh ...

RBI has notified comprehensive KYC Directions applicable to all RRBs with immediate effect. The rules aim to prevent money laundering and terrorist financing through stricter customer due diligence ...

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 ...

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 ...

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

The ITAT dismissed the appeal in limine after the assessee failed to rectify signing and verification defects despite multiple opportunities. Signing of appeal documents was held to be foundational to ...

Gujarat High Court held that software consultancy services to parent company located outside India provided on principal to principal basis qualifies as export of service and cannot be considered as ...

The Tribunal held that an assessment framed without a valid notice under Section 143(2) by the jurisdictional officer is void. Jurisdictional compliance is ...

The ITAT upheld deletion of a major share premium addition after finding that all investors complied with notices under Section 133(6) and furnished requisite documents. The ruling reiterates that ...

The Tribunal held that estimating closing stock without rejecting books or identifying defects is unsustainable. Mere assumptions of revenue leakage cannot justify ...