The issue concerns replacement of earlier RBI Directions on asset classification and provisioning. The key takeaway is that the new framework applies prospectively while preserving past actions under ...

RBI introduced a timeline for declaring wilful defaulters after NPA classification. It ensures faster identification and strengthens credit ...

The issue is complexity and duplication in old tax forms. The new system simplifies compliance through consolidation and ...

The issue was the complex and scattered TDS/TCS provisions under the old law. The new Act consolidates multiple sections into a simplified structure, making compliance easier and more transparent. The ...

RBI revised credit risk transfer rules to align with updated asset classification norms. The amendment ensures consistent recognition, provisioning, and disclosure of acquired ...

The issue was inadequacy of general criminal laws in dealing with syndicates. The law creates a stricter framework to dismantle organised crime networks and ensure effective ...

The article explains how safe harbour rules simplify transfer pricing compliance. It highlights that eligible transactions ...

The issue involved challenge to a GST demand order where appeal was delayed. The Court allowed filing of appeal with delay ...

The Tribunal restored appeals dismissed for non-prosecution, citing pandemic-related disruption and sufficient cause. It directed fresh adjudication while imposing costs on the ...

RBI mandates separate disclosure of provisions and detailed credit quality reporting. The ruling improves transparency and aligns financial statements with updated provisioning ...

The issue is understanding complex NPS rules, tax benefits, and recent updates. The framework clarifies withdrawal flexibility, tax treatment, and ...

The issue is denial of appeal due to NIL demand orders despite disputed liability. The key takeaway is that rectification under Section 161 enables appeal ...