Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Private limited companies with substantial turnover or debt must appoint internal auditors under the Companies Act, 2013. The article details the requirements and consequences of non-compliance.
The article outlines the requirements for appointing Key Managerial Personnel (KMP) as per Section 203 of the Companies Act, 2013. It details compliance thresholds applicable to various company types.
The Companies Compliance Facilitation Scheme, 2026 offers a 90% reduction in late fees for companies struggling with annual compliance. This scheme enables them to regularize their filings, mitigating penalties and lowering costs.
The Delhi Gymkhana Club has approached the Delhi High Court against a Central government order mandating the vacating of its premises. The case is set to be heard on May 26.
A comprehensive analysis explores the dynamics of India's voluntary carbon market, highlighting legal challenges and emerging opportunities. It sheds light on the implications of the new Carbon Credit Trading Scheme.
The Government of India has approved a ₹996 crore allocation to extend the Investment Promotion Scheme until 2030-31. This initiative aims to bolster the investment environment by targeting potential investors and enhancing project management support.
The ITAT ruled that a notice under Section 148 of the Income Tax Act, despite being dated earlier, is barred by limitation if it is signed and served beyond the prescribed period. This establishes the necessary timeliness in reassessment procedures.
The ITAT has ruled that purchases cannot be deemed bogus when there is a one-to-one correlation with corresponding sales, reinforcing the importance of substantiating transaction legitimacy.
The NCLAT has mandated Modi Lifecare to pay ₹63 lakh in admitted liability, clarifying that invoices are not essential under the Technical Guidance Agreement for proving operational debt.
The Calcutta High Court has ruled that the amended limitation period under Section 149 of the Income Tax Act applies retrospectively to reassessment proceedings. This decision aligns with the Supreme Court’s interpretation of statutory amendments.
The Indian government has approved ₹996 crore for the extension of the Investment Promotion Scheme until financial year 2030–31. This initiative aims to bolster the investment environment by targeting investors and enhancing outreach.
The Reserve Bank of India has released the data on India’s international trade in services for March 2026, showing trends in service exports and imports during the month.