Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Amendments to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2026 consolidate External Commercial Borrowing (ECB) provisions and certain INR borrowing rules into the Regulations and remove overlapping provisions from existing Master Directions and ECB FAQs; specifically, specified paragraphs of the Master Direction on ECB and of the Master Direction on INR borrowing by residents and Part I of the ECB FAQs are deleted. Authorised Dealer Category I banks must apply the amended Regulations when facilitating covered borrowing and lending transactions and notify affected customers; the changes are issued under statutory FEMA powers.
Amendments to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2026 consolidate External Commercial Borrowing (ECB) provisions and certain INR borrowing rules into the Regulations and remove overlapping provisions from existing Master Directions and ECB FAQs; specifically, specified paragraphs of the Master Direction on ECB and of the Master Direction on INR borrowing by residents and Part I of the ECB FAQs are deleted. Authorised Dealer Category I banks must apply the amended Regulations when facilitating covered borrowing and lending transactions and notify affected customers; the changes are issued under statutory FEMA powers.
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