Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The ROC ruled that destruction of Tally data does not absolve a company from penalties for late filing of financial statements, reinforcing the requirement for timely engagements with regulatory obligations.
Nida Khan's bail plea in the TCS Nashik case will be heard on May 25, following her arrest related to allegations of religious conversion and harassment.
CarbonStrong Technologies secured seed funding led by Foundation for Innovation and Social Entrepreneurship. Sidebar provided legal counsel throughout the process.
The Madras High Court has refused a writ petition seeking a probe into electoral candidates' financial disclosures, stating that appropriate remedies lie within the election petition process.
The Calcutta High Court has allowed the withdrawal of appeals and granted condonation of limitation under the Limitation Act for filing before the Sales Tax Appellate Authority, ensuring compliance with relevant statutory conditions.
The Delhi High Court has dismissed a Public Interest Litigation (PIL) that sought to impose a tax on agricultural income in the national capital, deeming the plea 'highly misconceived'. This reinforces the precedent that agricultural income remains exempt from taxation.
NALSAR University of Law invites submissions for the 16th volume of its Indian Journal of Intellectual Property Law, focusing on diverse topics in IP, with a deadline for submission on August 1.
The Supreme Court upheld previous rulings regarding the classification of quicklime under CTH 2522, affirming established legal precedents.
The CBIC has extended several customs circulars under Section 143AA until June 30, 2026, due to ongoing maritime disruptions in the Strait of Hormuz. This extension aims to provide relief to importers facing challenges resulting from the situation.
The RBI's recent amendment clarifies the conditions governing rupee borrowings by resident individuals from NRIs and OCI relatives, streamlining fund practices.
The RBI has created a new category of Unregistered Type 1 Non-Banking Financial Companies (NBFCs) that can operate with limited funds without public engagement. This allows for more flexibility in NBFC operations.
The Orissa High Court has modified a compensation award in a motor accident case, ruling that the Tribunal failed to deduct income tax while calculating loss of dependency. Compensation was recalculated based on the deceased’s taxable income under the new tax regime.