Day: May 6, 2026

ITAT deleted addition towards cash deposited in bank account observing that there is no statutory requirement to maintain cash book for salaried individual. In a recent judgment, ITAT Delhi has deleted addition u/s 69A towards cash deposited in bank account and held that there is no statutory requirement …

RBI has notified the Foreign Exchange Management (Authorised Persons) Regulations, 2026. The Regulation becomes effective from 06.05.2026  A person seeking authorisation as an authorised person may apply to the Reserve Bank through the PRAVAAH portal (https://pravaah.rbi.org.in) to the regional office concerned of the Reserve Bank under whose jurisdiction …