Allahabad High Court held that additional conditions for DFIA imports were contrary to binding judgments and dismissed the PIL.
Bombay High Court held that SION Entry E75 permits import of maize without restricting its variety, allowing popcorn maize under the DFIA Scheme.
NCLAT held that a single application covering multiple years and company officers is maintainable in the absence of any statutory prohibition.
Learn the updated provisions governing rectification, assessments, reassessments, and appeals under the Income-tax Act. This guide explains procedures, timelines, appellate remedies, and taxpayer rights after the Finance Act, 2026.
ITAT held that Section 87A rebate cannot be denied on tax payable under Section 111A where the assessee qualifies under the prescribed income limit and follows settled Tribunal rulings.
ITAT Delhi held that applying the gross profit rate of a different assessment year was excessive. It reduced the addition to 1% GP while holding that purchases still required proof of genuineness.
RBI has released draft Master Directions for Call, Notice and Term Money Markets to increase liquidity, widen market participation, and strengthen monetary policy transmission. Stakeholder comments have been invited until July 17, 2026.
RBI has released draft Directions consolidating existing rules governing secondary market transactions in Government securities into a single regulatory framework. The proposal aims to simplify compliance and improve regulatory clarity.
RBI has proposed a comprehensive regulatory framework for managing risks arising from traditional and AI/ML models used by regulated entities. The draft emphasizes governance, validation, accountability, and lifecycle management to strengthen financial sector resilience.
Understand every reporting requirement under Form 3CD as amended by the Finance Act, 2026. This guide explains clause-wise disclosures, compliance obligations, and key tax audit reporting requirements.
