ITAT Mumbai held that the view taken by AO was a plausible view and the same cannot be subjected to revision under Section 263 of the Act merely for the reasons that PCIT does not agree with the same. Accordingly, appeal of assessee allowed.
Himachal Pradesh High Court held that pending tax in respect of vehicles purchased in auction is to be paid by the auction purchaser. Also held that there is no equity in taxation law and law would prevail in case of conflict between law and equity.
RBI revises commission rates for agency banks from April 1, 2025. Payments vary by transaction type; e-receipts, pensions, and other services restructured.
RBI issues revised master circular directing banks to enhance credit access for SC/STs through focused schemes, planning, and periodic performance reviews.
The RBI released new Master Directions for Electronic Trading Platforms (ETPs), effective June 16, 2025, updating the regulatory framework and setting criteria for operation.
