![Calcutta HC Upholds DRAT Order dismissing Appeal of MSME against action of Bank under SARFAESI Act [Read Order]](https://images.taxscan.in/h-upload/2025/08/01/500x300_2071821-sarfaesi-act-taxscan.webp "Calcutta HC Upholds DRAT Order dismissing Appeal of MSME against action of Bank under SARFAESI Act [Read Order]")
Calcutta HC Upholds DRAT Order dismissing Appeal of MSME against action of Bank under SARFAESI Act [Read Order]
In a recent case, the Calcutta High Court upheld the Debts Recovery Appellate Tribunals (DRATs) order dismissing the appeal of Micro, Small and...
![RBI Revises Priority Sector Lending Norms for Small Finance Banks: PSL Target Reduced to 60% from FY 2025-26 [Read Notification]](https://images.taxscan.in/h-upload/2025/06/24/250x150_2053534-rbi-rbi-strips-guidelines-2025-taxscan-1.webp "RBI Revises Priority Sector Lending Norms for Small Finance Banks: PSL Target Reduced to 60% from FY 2025-26 [Read Notification]")
![FinMin exempts Indian Bank from Banking Regulations Act for exceeding Shareholding in ASREC (India) Limited [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/05/indian-bank-site-img.jpg "FinMin exempts Indian Bank from Banking Regulations Act for exceeding Shareholding in ASREC (India) Limited [Read Notification]")
![ITAT rules Section 115JB Inapplicable to SBI for AY 2006-07, Exempts Banks from MAT Provisions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Mumbai-Section-115JB-of-Income-Tax-Act-Income-Tax-Act-TAXSCAN.jpg "ITAT rules Section 115JB Inapplicable to SBI for AY 2006-07, Exempts Banks from MAT Provisions [Read Order]")
Failure to Consider Income Tax Assessee's Request for Personal Hearing Amounts to Violation of Natural Justice: Kerala HC Rules in favour of Federal Bank [Read Judgment]
In a ruling in favour of Federal Bank Ltd, the Kerala High Court held that failure of income tax authorities, by not considering a request for personal hearing of assessee has...
![Failure to Consider Income Tax Assessees Request for Personal Hearing Amounts to Violation of Natural Justice: Kerala HC Rules in favour of Federal Bank [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-Kerala-High-Court-Violation-of-Natural-Justice-Kerala-HC-Rules-in-favour-of-Federal-Bank-taxscan.jpg "Failure to Consider Income Tax Assessees Request for Personal Hearing Amounts to Violation of Natural Justice: Kerala HC Rules in favour of Federal Bank [Read Judgment]")
Banking company as per section 2(c) of Banking regulations Act, would be eligible for claim of deduction u/S 80P(2)(d) of Income Tax Act : ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Authority ( ITAT ) observed that Banking company as per Section 2(c) of Banking regulations Act, 1949, would be eligible for claim of deduction under...
![Banking company as per section 2(c) of Banking regulations Act, would be eligible for claim of deduction u/S 80P(2)(d) of Income Tax Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Income-Tax-ITAT-Bangalore-ITAT-ruling-on-Banking-Regulations-Act-Banking-company-tax-deduction-TAXSCAN.jpg "Banking company as per section 2(c) of Banking regulations Act, would be eligible for claim of deduction u/S 80P(2)(d) of Income Tax Act : ITAT [Read Order]")
Interest earned from Commercial /Cooperative Bank having License under Banking Regulation Act is considered under Head of Income From Other Sources: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that interest earned from commercial /cooperative banks having a license under the Banking Regulation Act is considered under...
![Interest earned from Commercial /Cooperative Bank having License under Banking Regulation Act is considered under Head of Income From Other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Cooperative-Bank-Commercial-Bank-Banking-Regulation-Act-TAXSCAN.jpg "Interest earned from Commercial /Cooperative Bank having License under Banking Regulation Act is considered under Head of Income From Other Sources: ITAT [Read Order]")
Co-operative Banks Engaged in Banking Activity are subject to Overall Control of Reserve Bank of India: Kerala HC [Read Order]
In a recent case, the Kerala High Court held that the cooperative banks engaged in banking activity are subject to the overall control of the Reserve Bank of India. The writ petition was...
![Co-operative Banks Engaged in Banking Activity are subject to Overall Control of Reserve Bank of India: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Co-operative-Banks-Banking-Activity-Reserve-Bank-of-India-Kerala-HC-taxscan.jpg "Co-operative Banks Engaged in Banking Activity are subject to Overall Control of Reserve Bank of India: Kerala HC [Read Order]")
RBI Penalizes ICICI Bank and Kotak Mahindra with ₹12.19 Cr and ₹3.95 Cr Fines for Regulatory Violations
The Reserve Bank of India (RBI) has imposed fines of ₹12.19 Cr and ₹3.95 Cr on the Industrial Credit and Investment Corporation of India (ICICI) and Kotak Mahindra, respectively, for violations of...
