Delhi High Court ruled that both JAO and FAO have concurrent jurisdiction to issue reassessment notices under Sections 148/148A, aligning with TKS Builders precedent.
The 2025 Directions mandate stronger Board oversight, professional directors, and clear separation between governance and management. The key takeaway is enhanced accountability and ethical conduct across rural co-operative banks.
The assessee’s claim of ₹98.4 lakh as selling expenses on property sale was disallowed by AO and upheld by CIT(A) without proper reasoning. ITAT remanded the case to ensure a detailed, reasoned examination of the submissions on merits.
Outlines the new authorisation framework requiring eligibility checks, cybersecurity compliance, and RBI approval for transactional services. Key takeaway: banks must meet strict technical and regulatory standards before offering digital channels.
Explains RBI’s 2025 Directions governing branch opening, digital banking units, business correspondents, and rural outreach. Highlights mandatory 25% URC coverage and strengthened Board oversight.
The Directions held that rural co-operative banks may offer specified financial services only within a structured framework of board oversight, capital strength, and regulatory compliance. The key takeaway is tighter governance while allowing calibrated business expansion.
Fresh directions overhaul how NBFCs can declare dividends, linking payouts to capital adequacy, asset quality, and regulatory compliance to safeguard financial stability.
New directions overhaul how rural cooperative banks classify, value, and manage investments. The key takeaway is stronger board oversight and tighter risk controls across SLR and non-SLR portfolios.
The Directions held that rural co-operative banks must follow a structured approval and compliance framework before offering digital banking, especially for transactional services.
RBI’s 2025 Directions set out procedures for mergers of small finance banks, including board approval, shareholder consent, and submission of financial and governance documents for regulatory scrutiny.
