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Archive: February, 2025

Posts in February, 2025

RBI Revises Risk Weights on Microfinance Loans

February 26, 2025 150 Views 0 comment Print

The RBI has revised risk weights on microfinance loans, setting them at 100% for RRBs and LABs while excluding consumer credit microloans from higher risk weights.

RBI Revises Risk Weights on Bank Exposures to NBFCs

February 26, 2025 396 Views 0 comment Print

RBI restores risk weights on SCB exposures to NBFCs, reversing the 25% increase from November 2023. New rules take effect from April 1, 2025.

ICSI CS Exam December 2024 Results Declared

February 26, 2025 2388 Views 0 comment Print

ICSI announces CS exam results for December 2024 session. Check pass percentages, top rankers, and next exam dates. Download marks statements at icsi.edu.

Jewellery Ownership cannot Be Presumed Solely from Frequent Locker Operation

February 26, 2025 468 Views 0 comment Print

ITAT Ahmedabad deletes addition of ₹6.16 lakh under Section 69A for unexplained jewellery, considering joint ownership of locker and affidavit from the daughter.

No Penalty for Additions Based on Estimation Without Concrete Proof: ITAT Mumbai

February 26, 2025 501 Views 0 comment Print

ITAT Mumbai ruled on Dev Engineers Vs DCIT, deleting penalties under Sections 271(1)(c) and 271AAB. Additions were based on estimation, lacking evidence of concealment.

Provisions for Senior Citizens under Income Tax Act

February 26, 2025 33105 Views 0 comment Print

Explore income tax benefits for senior citizens in India, including tax slabs, exemptions, deductions, and key provisions under the Income Tax Act for 2025.

Tax Evasion vs. Tax Avoidance: Legal Implications in India

February 26, 2025 390 Views 0 comment Print

One of the most infamous tax evasion cases in India is the Sahara India tax evasion case, which highlights the legal implications of fraudulent financial practices.

Jurisdiction of Civil Courts under CPC: Scope and Limitations

February 26, 2025 192 Views 0 comment Print

Understand the scope and limitations of civil court jurisdiction under the CPC, 1908, covering territorial, pecuniary, and subject-matter jurisdiction with challenges.

Impact of Tax Avoidance on Economic Growth: Loopholes & Policy Solutions

February 26, 2025 108 Views 0 comment Print

Explore how tax avoidance affects economic growth, government revenue, and inequality. Learn about legal loopholes and policy solutions for sustainable development.

Adverse Possession: Boon or Bane? Judicial Trends and Legal Reforms

February 26, 2025 213 Views 0 comment Print

Explore adverse possession’s implications, judicial trends, and reforms. Balancing property rights with equitable land use and preventing unjust land grabbing.

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