RBI designated a Lead Bank for the newly formed district to ensure banking coordination. The key takeaway is structured implementation of the Lead Bank Scheme.
In the absence of proper compliance with Section 65B and failure to establish a clear chain of custody, the digital evidence relied upon by the Revenue lacked legal admissibility and evidentiary value.
The government has kept small savings interest rates unchanged for April–June 2026, ensuring continued stable returns for investors.
Excise exemption notifications based on use or intended use should be interpreted liberally in favour of the assessee as once the goods were used for the intended purposethe fact that a portion was incidentally used for other activities did not disentitle assessee from claiming the exemption.
The issue arose from taxing buybacks as dividends, causing higher tax burden and unusable capital losses. The reform restores capital gains taxation, easing compliance and aligning with asset transfer principles.
The case addressed misuse of a public figure’s identity through AI-generated content and merchandise. The Court granted an injunction, holding such exploitation violates personality rights and causes reputational harm.
Explains Section 44AD applicability for non-specified professions, eligibility, limits, and tax audit rules under Sections 44AB and 44AA.
Section 63 of Income Tax Act 2025 sets audit limits, forms, due dates, and penalties for non-compliance in business and profession cases.
Allahabad HC held no offence arises if a married man lives with an adult woman in a consensual live-in relationship; grants protection to couple.
From April 2026, 8 cities qualify for 50% HRA exemption. New rules impact calculations, compliance, and disclosures for salaried taxpayers.
