Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
RBI has withdrawn the short-term investment, security-wise and concentration limits for Foreign Portfolio Investors investing in Government securities under the General Route, and merged the 'general' and 'long-term' investment sub-categories into a single limit for Central Government Securities and State Government Securities. The FY 2026-27 investment limits have been revised accordingly. It has also expanded the Fully Accessible Route by designating new issuances of 15-year, 30-year and 40-year Government Securities and Sovereign Green Bonds as specified securities, and by adding certain existing securities to that category. The directions take immediate effect and the updated Master Direction reflects the corresponding amendments.
RBI has withdrawn the short-term investment, security-wise and concentration limits for Foreign Portfolio Investors investing in Government securities under the General Route, and merged the 'general' and 'long-term' investment sub-categories into a single limit for Central Government Securities and State Government Securities. The FY 2026-27 investment limits have been revised accordingly. It has also expanded the Fully Accessible Route by designating new issuances of 15-year, 30-year and 40-year Government Securities and Sovereign Green Bonds as specified securities, and by adding certain existing securities to that category. The directions take immediate effect and the updated Master Direction reflects the corresponding amendments.
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