Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The ITAT Bangalore ruled that Section 45(5A) of the Income Tax Act does not apply retrospectively to Joint Development Agreements executed before April 1, 2018. Consequently, capital gains from these agreements cannot be taxed upon receipt of the occupancy certificate.
The RBI has imposed a ₹3.10 lakh penalty on IIFL Finance Limited due to non-compliance with regulatory directives under NBFC regulations.
The RBI imposed a ₹5.80 lakh penalty on Appnit Technologies for KYC non-compliance, reinforcing regulatory adherence in financial practices.
The RBI has scheduled an auction for a Variable Rate Repo of ₹100,000 Crore on May 18, 2026, reflecting ongoing liquidity reviews.
The Calcutta High Court has reaffirmed the continuing rights of authors under the copyright amendments of 2012. The ruling clarifies the rights of authors in relation to sound recordings, reinforcing their economic entitlements.
Zee Entertainment has filed a lawsuit against Nykaa, seeking damages of INR 2 crores for the alleged unauthorized use of copyrighted songs in Instagram reels. This case highlights the ongoing struggles related to copyright enforcement in the digital marketing space.
The Delhi High Court, in Blackberry v. Controller, reiterated the ambiguous nature of Section 3(k) of the Indian Patents Act. The court emphasized the ongoing confusion surrounding the patentability of specific inventions under this provision despite the recent CRI Guidelines.
The Supreme Court upheld previous rulings on the classification of quicklime, affirming that it falls under CTH 2522 based on purity standards.
The Madras High Court has permitted Nidhi companies to submit fresh replies against NDH-4 rejection orders, mandating that authorities reconsider these applications after granting a hearing. The court left open the challenge to the validity of the amended provisions.
AAP Minister Sanjeev Arora challenged the legality of his arrest by the ED, questioning procedural adherence in court.
The Karnataka High Court directed the removal of defamatory AI-generated content aimed at Dr. Veerendra Heggade, head of Dharmasthala temple.
The Karnataka High Court directed the ED to provide justification for the arrests of Gameskraft founders. The Court is reviewing the legality of their May 8 detention.