Withdrawal of Rs. 2000 Notes: RBI issues Status Update, says "₹2000 banknotes continue..."
The Reserve Bank of India ( RBI ) has provided a crucial update regarding the withdrawal of ₹2000 denomination banknotes from circulation, which was...
Failure to Meet Rs. 200 Lakh Net Owned Fund Mandate within Deadline: Delhi HC sets aside Cancellation of NBFC Registration [Read Order]
The Delhi High Court in a recent decision set aside an Order passed by the Reserve Bank of India ( RBI ) cancelling the Certificate of Registration of a Non-Banking Financial Company on account of...
S.68 of Income Tax Act not Attracted on Violation of RBI Notifications if Nature of Cash Deposit Adequately Explained: ITAT [Read Order]
The Ahmedabad “A” bench of the Income Tax Appellate Tribunal ( ITAT ) in a recent case held that additions under section 68 of the Income Tax Act 1961 ( ITA ) are not to be attracted upon violation...
![S.68 of Income Tax Act not Attracted on Violation of RBI Notifications if Nature of Cash Deposit Adequately Explained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Act-ITAT-RBI-Notifications-RBI-cash-deposit-case-TAXSCAN.jpeg "S.68 of Income Tax Act not Attracted on Violation of RBI Notifications if Nature of Cash Deposit Adequately Explained: ITAT [Read Order]")
Ministry of Finance inserts White Label ATM Operations and Conditions to FEM (Non-debt Instruments) Rules [Read Notification]
The Ministry of Finance has inserted a new provision for White Label ATM Operations and its conditions to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019. This amendment, known...
