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Archive: 27 April 2026

Posts in 27 April 2026

RBI (Small Finance Banks – Undertaking of Financial Services) – Amendment Directions, 2026

April 27, 2026 237 Views 0 comment Print

The issue was limited lending options for rural enterprises. RBI added AgriSURE, enabling SFBs to finance agri startups and boost financial inclusion.

RBI (Regional Rural Banks – Undertaking of Financial Services) – Amendment Directions, 2026

April 27, 2026 282 Views 0 comment Print

The issue was limited funding avenues for rural enterprises. RBI added AgriSURE, enabling RRBs to finance agri-startups and strengthen rural economies.

RBI (Rural Co-operative Banks– Undertaking of Financial Services) – Amendment Directions, 2026

April 27, 2026 222 Views 0 comment Print

The issue was whether rural co-operative banks could expand into startup financing. RBI allowed AgriSURE inclusion, enabling funding for agri enterprises and boosting rural credit.

RBI (Non-Banking Financial Companies– Undertaking of Financial Services) –Amendment Directions, 2026

April 27, 2026 303 Views 0 comment Print

The issue was whether NBFCs could expand into agri-startup financing. RBI amended the rules to include AgriSURE, enabling NBFCs to support rural enterprises and boost financial inclusion.

RBI (All India Financial Institutions – Undertaking of Financial Services) –Amendment Directions, 2026

April 27, 2026 228 Views 0 comment Print

The issue was expanding funding avenues for rural enterprises. RBI amended its Directions to include AgriSURE, enabling institutions to support agri-startups and drive inclusive growth.

RBI (Local Area Banks – Miscellaneous) – Amendment Directions, 2026

April 27, 2026 219 Views 0 comment Print

The update addressed expanding financing support for rural enterprises. RBI included AgriSURE in its Directions, encouraging banks to fund agri-startups and rural innovation.

No Section 56(2)(x) Tax on Redevelopment Flat Without Possession: ITAT Mumbai

April 27, 2026 462 Views 0 comment Print

The issue was whether stamp duty value of redevelopment property is taxable without possession. ITAT held that Section 56(2)(x) applies only on actual receipt, so no tax arises without possession.

Appeal Can’t Be Dismissed for Delay When Assessment Order Itself Was Not Served: ITAT Mumbai

April 27, 2026 315 Views 0 comment Print

The issue was whether delay in filing appeal can be condoned when assessment order was not served. ITAT held that non-service constitutes sufficient cause, requiring fresh adjudication on merits.

ITAT Hyderabad: Partial Relief in Cash Seizure Case; Mother’s Explained Sources Accepted on Probabilities

April 27, 2026 234 Views 0 comment Print

The issue was addition of cash found during search claimed to belong to the assessee’s mother. The Tribunal allowed partial relief, accepting some explanations based on evidence and probabilities while sustaining the balance.

ITAT Hyderabad: Section 115BAA Benefit Cannot Be Denied on Technicalities; MAT Not Applicable Once Option Validly Exercised

April 27, 2026 252 Views 0 comment Print

The issue was denial of concessional tax regime due to incorrect ITR disclosure and alleged delay in filing Form 10-IC. The Tribunal held that due date depends on the class of assessee, not procedural lapses, and allowed Section 115BAA benefit.

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