The issue was whether third-party diaries and loose papers could establish receipt of unaccounted income. The Tribunal ruled that such papers, without authorship verification or corroboration, cannot fasten tax liability.
The notification substitutes tariff value tables but keeps rates unchanged for key imports like edible oils, metals, and areca nuts. The takeaway is continued certainty in customs duty assessment from 23 January 2026.
Reporting formats are corrected and expanded, including a new line for Standing Deposit Facility deposits. This improves transparency and accuracy in CRR–SLR disclosures.
The amendment broadens the scope of eligible development financial institutions for CRR–SLR purposes. The key takeaway is wider institutional recognition with clearer regulatory coverage.
The amendment formally introduces SDF deposits as a reporting item for local area banks. This provides clearer treatment of RBI deposits within liquidity calculations.
The rules expand references to additional development financial institutions. This broadens eligibility and aligns reporting with current statutes.
The RBI updated CRR and SLR Directions to reflect recent banking law amendments. The key takeaway is immediate regulatory alignment and clearer compliance for rural co-operative banks.
The amendments expand coverage to additional development financial institutions. The key takeaway is broader applicability and clearer compliance obligations for banks.
The RBI updated CRR–SLR directions to align with recent banking law amendments. The key takeaway is immediate compliance with revised liquidity and reporting norms.
The Court examined whether a sanction lacking a DIN could sustain income-tax proceedings. It held such sanction invalid and set aside the consequential orders.
