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Blog, News, FEMA & Banking

September 10, 2026

RBI Clarifies PSL Shortfall Contributions by UCBs Not Part of Exposure

Circular No. RBI/2025-26/49 DoR.CRE.REC.28/07.10.002/2025-26; Dated: … Continue reading “RBI Clarifies PSL Shortfall Contributions by UCBs Not Part of Exposure”

Blog, News, Income Tax

September 10, 2026

CBDT Extends Time-Frame for Processing of ITRs for AY 2023-24

Order F. No. 225/205/2024/ITA-II The … Continue reading “CBDT Extends Time-Frame for Processing of ITRs for AY 2023-24”

Blog, News, FEMA & Banking

September 10, 2026

RBI Expands LEF Exemptions for PSL Contributions by SCBs

Circular No. RBI/2025-26/48 DOR.CRE.REC.27/21.01.003/2025-26; Dated: … Continue reading “RBI Expands LEF Exemptions for PSL Contributions by SCBs”

Blog, News, FEMA & Banking

September 10, 2026

IFSCA Amends ‘Global/Regional Corporate Treasury Centres’ Framework

Circular No. F. No. IFSCA/24/2024-Banking-FC/02; … Continue reading “IFSCA Amends ‘Global/Regional Corporate Treasury Centres’ Framework”

Blog, News, FEMA & Banking

September 10, 2026

RBI Lifts Curbs on Brickwork Ratings Usage by Banks

Circular No. RBI/2025-26/50 DOR.STR.REC.29/21.06.008/2025-26; Dated: … Continue reading “RBI Lifts Curbs on Brickwork Ratings Usage by Banks”

News, Blog, Income Tax

June 11, 2025

Reassessment Invalid if PCIT Uses ‘May’ Instead of ‘Is’ | ITAT

Case Details: Rungta Irrigation Ltd. … Continue reading “Reassessment Invalid if PCIT Uses ‘May’ Instead of ‘Is’ | ITAT”

Blog, News, Account & Audit

September 10, 2026

Significant Influence and Related Party Under Ind AS for Minority Investors

This document analyses whether a … Continue reading “Significant Influence and Related Party Under Ind AS for Minority Investors”

News, Blog, FEMA & Banking

June 10, 2025

Jewellery Disclosed in ITR Can’t Be Retained Under PMLA Without Proof

Case Details: Mrs. Nikita Trahan … Continue reading “Jewellery Disclosed in ITR Can’t Be Retained Under PMLA Without Proof”

Blog, News, Income Tax

June 10, 2025

No Exemption Denial for Delay Due to Staggered Sale Proceeds | ITAT

Case Details: Jobanji Thakor vs. … Continue reading “No Exemption Denial for Delay Due to Staggered Sale Proceeds | ITAT”

Blog, News, GST & Customs

June 10, 2025

Writ Not Maintainable Where GST Demand Involves Factual Disputes | HC

Case Details: Infiniti Retail Ltd. … Continue reading “Writ Not Maintainable Where GST Demand Involves Factual Disputes | HC”