Courts ruled that denying ITC due to supplier non-payment is unjust when buyers act in good faith. The key takeaway is that bona fide purchasers must be protected from impossible compliance burdens.
The High Court did not decide the constitutional challenge but directed authorities to reconsider the taxpayer’s objections and documents. The key takeaway is that ITC disputes must be adjudicated after proper evaluation and a reasoned order.
Organized crime disrupts fair competition by introducing illegal goods and laundering illicit funds. The analysis highlights its damaging impact on financial systems and government revenues.
Preventive detention laws allow incarceration without trial based on suspicion, raising serious concerns about violation of personal liberty. The analysis highlights how weak procedural safeguards enable misuse and arbitrary detention.
The case highlights how the new framework enforces stricter compliance using data analytics. It underscores that incorrect declarations can trigger penalties and scrutiny
ICAI has released the May 2026 convocation schedule for members enrolled between Dec 2025 and Apr 2026. Eligible candidates will receive membership certificates and event details shortly.
The issue was inconsistent methods for evaluating sovereign risk exposure. RBI mandated use of ECGC country risk classifications for uniform concentration risk management.
RBI amended capital adequacy norms to align with updated provisioning standards. The changes clarify inclusion and exclusion of provisions in Tier 2 capital.
RBI clarified that project finance accounts may be classified as NPAs even before operations begin. The decision promotes early detection of stress based on recovery performance.
Banks can temporarily rely on ECGC country classifications until internal systems are developed. The ruling ensures continuity while promoting gradual transition to advanced risk assessment models.
