Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Allahabad High Court has ruled that failure to file objections before the Dispute Resolution Panel (DRP) bars individuals from challenging assessment orders, emphasizing compliance requirements.
The ITAT upholds the fair market value as the cost of acquisition under Section 49(2AA) for NRIs calculating capital gains on ESOPs, providing significant relief for foreign investors.
The CESTAT has ruled that the extended period of limitation cannot be invoked for excise duty demands based on ER-6 returns, clarifying taxpayer rights regarding assessments.
The CESTAT has permitted CENVAT credit on residential facilities provided to work-from-home employees, recognizing business operations' evolving structure.
The CESTAT has granted Shriram General Insurance a refund of Rs. 28.57 lakhs for KKC and SBC paid on cancelled insurance policies. This order emphasizes the eligibility for refunds in similar circumstances.
The Supreme Court ruled that appeals filed with the High Court before the SEBI Act amendment remain valid, reinforcing the rights of parties engaged in ongoing litigation.
The Reserve Bank of India has enacted the Commercial Banks - Responsible Business Conduct Fourth Amendment Directions, 2026, focusing on the engagement of recovery agents to enhance consumer protections in the banking sector.
The Reserve Bank of India has established the Small Finance Banks - Responsible Business Conduct Fourth Amendment Directions, 2026, focusing on the responsibilities of recovery agents and enhancing consumer protection.
The Reserve Bank of India has issued the Local Area Banks - Responsible Business Conduct Fourth Amendment Directions, 2026, focusing on the conduct of recovery agents and the management of microfinance loans.
The Reserve Bank of India has enacted the Regional Rural Banks - Responsible Business Conduct Fourth Amendment Directions, 2026, which stipulate new guidelines for the engagement of recovery agents in the sector, reinforcing ethical practices.
The Reserve Bank of India has issued the Urban Co-operative Banks - Responsible Business Conduct Fourth Amendment Directions, 2026, focusing on the conduct of recovery agents to enhance consumer protection and regulatory compliance.
The Reserve Bank of India has implemented the Rural Co-operative Banks - Responsible Business Conduct Fourth Amendment Directions, 2026, which include updated guidelines for recovery practices. These revisions are aimed at enhancing the consumer protection framework within the banking sector.