Madras High Court has instructed NCLT to file detailed counter as NCLT has proceeded to appoint the Interim Resolution Professional [IRP] different from that suggested by Corporate Debtor [CD].
RBI directs banks, NBFCs, and other entities to implement Supreme Court’s accessibility guidelines for digital KYC, ensuring inclusion for persons with disabilities.
The Reserve Bank of India has issued its second amendment to the KYC Directions, adding provisions for persons with disabilities, clarifying rules for international transactions, and incorporating Aadhaar Face Authentication.
An overview of India’s Income Tax Act, 1961, explaining key concepts like direct and progressive taxation, the five heads of income, deductions, and compliance.
The ITAT Ahmedabad ruled in favor of an agriculturist, holding that once the assessee provides primary evidence for cash deposits, the burden shifts to the Revenue to provide contradictory evidence.
The ITAT Ahmedabad deleted a Rs. 26.49 lakh addition, ruling that foreign remittances into an NRE account were a valid source for a property purchase.
The Customs Authority for Advance Rulings (CAAR) in Mumbai has opted not to issue a ruling on the classification of processed supari, citing a pending case.
The ITAT Ahmedabad deleted a ₹16.69 lakh addition, ruling that Section 69A cannot be invoked mechanically when the assessee provides evidence of business receipts.
The Kerala High Court has directed district judges to prevent duplicate case filings after an accused person was acquitted in a second appeal. The court also imposed a fine on the accused and emphasized the need for a shared responsibility among all stakeholders to protect the justice system.
Supreme Court clarifies that IBC’s moratorium doesn’t stay criminal proceedings for cheque dishonour. Personal guarantors remain liable under the NI Act.
