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![Income of a Revocable Trust is Taxable in the Hands of Contributors: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Revocable-Trust-ITAT-ITAT-Mumbai-Taxscan.jpeg "Income of a Revocable Trust is Taxable in the Hands of Contributors: ITAT [Read Order]")
Income of a Revocable Trust is Taxable in the Hands of Contributors: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the income of a revocable trust is taxable in the hands of the...
![Non-Profit Company imparting Education eligible for Income Tax Exemption for Charitable Activities: Calcutta High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/03/Non-Profit-Company-Education-Income-Tax-Exemption-income-tax-Charitable-Activities-Calcutta-High-Court-Taxscan.jpeg "Non-Profit Company imparting Education eligible for Income Tax Exemption for Charitable Activities: Calcutta High Court [Read Judgment]")
'Superseded Director' who vacated office on Supersession of Board under the RBI Act not entitled to Notice of CoC meeting, has No Right to participate in meeting: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Delhi Bench has held that 'Superseded director' who vacated office on supersession of Board under the RBI Act not entitled to notice of CoC...
![Superseded Director who vacated office on Supersession of Board under the RBI Act not entitled to Notice of CoC meeting, has No Right to participate in meeting: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Superseded-director-vacated-office-on-supersession-of-Board-RBI-Act-notice-of-CoC-meeting-NCLAT-Taxscan.jpg "Superseded Director who vacated office on Supersession of Board under the RBI Act not entitled to Notice of CoC meeting, has No Right to participate in meeting: NCLAT [Read Order]")
RBI’s directions are Statutorily Binding on Financial Institutions like SIDBI: Supreme Court [Read Judgment]
The Supreme Court held that the directions issued by the Reserve Bank of India (RBI) are Statutory Binding on Financial Institutions Like Small Industries Development Bank of India (SIDBI). ...
![RBI’s directions are Statutorily Binding on Financial Institutions like SIDBI: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/01/RBI-atutorily-Binding-Financial-Institutions-SIDBI-Supreme-Court-Taxscan.jpeg "RBI’s directions are Statutorily Binding on Financial Institutions like SIDBI: Supreme Court [Read Judgment]")
![RBI issues Master Circular on Bank Finance to Non-Banking Financial Companies [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/01/RBI-Issues-Master-circular-Bank-finance-Non-Banking-Financial-Companies-Taxscan.jpeg "RBI issues Master Circular on Bank Finance to Non-Banking Financial Companies [Read Circular]")
![CBIC issues Guidelines for Sale of Seized or Confiscated Gold [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/12/CBIC-Guidelines-Sale-confiscated-gold-taxscan.jpg "CBIC issues Guidelines for Sale of Seized or Confiscated Gold [Read Circular]")