Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The ruling clarifies that accumulated losses do not preclude a company from issuing bonus shares from its Securities Premium Account, provided Section 63 conditions are met and there are no financial defaults.
The DGFT has operationalized the Certificate of Origin framework under the India-Oman CEPA by designating authorized agencies and updating procedural guidelines.
The ITAT has deleted a penalty under Section 271D of the Income Tax Act, ruling that the Assessing Officer failed to record requisite satisfaction for initiating proceedings.
The ITAT has ruled that mere loan confirmation letters do not suffice to establish the creditworthiness of creditors for unsecured loans, and cases must be remanded for further verification.
The ITAT held that the absence of a formal gift deed does not justify income tax addition under Section 69 when investment sources are substantiated through bank records.
The RBI announced that the redemption for the SGB 2021-22 Series-III is allowable on June 08, 2026. The redemption price will be determined based on the average closing prices of gold.
This retrospective article explores the historical significance of the Oxford letter to amend Indian copyright law in 1901, highlighting its impact on translation issues and the evolution of copyright jurisprudence in India.
SEBI issued a draft proposing limited relaxations on third-party payments in mutual funds, including compliance safeguards to enhance operational flexibility.
SEBI clarified that it does not consider cousins as ‘relatives’ under the Companies Act and LODR Regulations, allowing cousins of promoter-group members to serve as Independent Directors.
The National Company Law Tribunal has approved a merger of Limited Liability Partnerships (LLPs), emphasizing operational efficiency and financial flexibility for the involved entities.
The Jammu & Kashmir and Ladakh High Court has denied a woman's petition to remove a question about kiss emojis from her divorce proceedings. The court upheld the family court's framing of issues, which included allegations of infidelity.
Section 12(3) of the Companies Act mandates required disclosures on company letterheads, with penalties for non-compliance.