The Tribunal ruled that duty drawback income recognized on cash receipt basis cannot be taxed on accrual, as consistent accounting practice caused no revenue loss.
The Directions lay down eligibility norms, MHP–MRR requirements and governance standards to ensure safer securitisation by AIFIs and better risk alignment for originators and investors.
RBI introduces strict eligibility and approval requirements for payments banks launching digital banking channels. Framework emphasises cybersecurity, financial readiness, and customer protection.
The 2025 Directions mandate a structured two-committee mechanism with notice, hearing and reasoned orders to ensure fair and transparent wilful defaulter classification.
The RBI issues updated CRR and SLR directions for Regional Rural Banks, defining maintenance, reporting, and penalties to ensure liquidity and compliance.
Explains RBI’s 2025 framework requiring approvals, rural outreach targets, and strict monitoring of Banking Outlets. Key takeaway: Payments Banks must prioritise financial inclusion and comply with structured authorisation norms.
The RBI released updated Directions governing the presentation and disclosure of financial statements by commercial banks. The framework takes immediate effect and defines which institutions must comply.
The Directions lay down a single, consolidated framework for loan transfers, stressed asset sales, and co-lending by AIFIs. The key takeaway is stricter governance, valuation discipline, and capital safeguards in credit risk transactions.
Difference between ready reckoner and stamp duty value was wrongly treated as misreported income. Tribunal ordered fresh adjudication, allowing assessee to present sale deeds, purchase deed, and bank statements.
The 2025 Directions introduce a consolidated regime for restructuring, settlements, and write-offs. Key takeaway: faster, more disciplined resolution with tighter governance and provisioning norms.
