FeaturedGujarat High Courttax
Gujarat HC: Reassessment Invalid on Misread Audit Report
Gujarat High Court quashes reopening of assessment based on misreading of audit findings, calling it mere change of opinion.
Oct 11, 2026Read more →
Court News
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
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FeaturedCalcutta High Courttax
Calcutta HC Quashes Transfer Pricing Order for No Hearing
Calcutta High Court quashed a transfer pricing adjustment under Section 92CA(3) due to denial of personal hearing and inadequate reasons.
Oct 11, 2026Read more →
FeaturedReserve Bank of Indiabankingregulatory
RBI Issues New Credit Valuation Adjustment Framework
RBI introduces comprehensive CVA framework for commercial banks to manage counterparty credit risk in derivative contracts. The framework aligns with international standards and mandates risk-weighted capital charges.
Oct 11, 2026Read more →
FeaturedN/Atax
GST Arrest Reforms: ₹5 Crore Threshold Proposed
GST Council proposes scrapping arrest powers and raising prosecution threshold to ₹5 crore, with reduced imprisonment. The reforms reflect a de-criminalisation push in indirect tax enforcement.
Oct 11, 2026Read more →
FeaturedSupreme Court of Indiaconstitutionalcivil
Contempt Plea Filed in SC Over Closure of Delhi Metro Stations
A contempt petition has been filed in the Supreme Court alleging violation of its October 9 order prohibiting complete shutdown of public transport ahead of CJP protests. The plea names Union Home Secretary, Delhi Police Commissioner, and Delhi Metro officials as respondents.
Oct 10, 2026Read more →
FeaturedGujarat High Courttax
Gujarat HC: Reassessment Invalid if Based on Misread Audit
Gujarat High Court has ruled that reopening a completed scrutiny assessment solely based on a misreading of the audit report—without fresh tangible evidence—is invalid and amounts to change of opinion.
Oct 10, 2026Read more →
FeaturedCalcutta High Courttax
Calcutta HC Quashes Transfer Pricing Order Over Lack of Hearing
The Calcutta High Court has quashed a transfer pricing order passed under Section 92CA(3) of the Income Tax Act, 1961, holding that the failure to grant a personal hearing and record adequate reasons vitiated the proceedings.
Oct 10, 2026Read more →
FeaturedNational Company Law Tribunalinsolvencyfinancial_regulation
RBI Licence Cancellation Removes FSP Shield in CIRP
NCLT admits ₹1.68 crore MUDRA insolvency plea, ruling RBI licence cancellation removes financial service provider exclusion under IBC.
Oct 10, 2026Read more →
FeaturedNational Company Law Appellate Tribunalinsolvencycorporate
Secured Creditor Loses Claim After Missing 30-Day Window
NCLAT rules secured creditor barred from claiming hypothecated assets after failing to file claim within 30 days under Regulation 21A of IBC.
Oct 10, 2026Read more →
FeaturedReserve Bank of Indiabankingregulatory
RBI Aligns Capital Adequacy Norms for Banks
RBI has issued multiple amendment directions to align capital adequacy norms for commercial, small finance, payments, and all-India financial institutions with international standards, focusing on legal opinions and valuation adjustments.
Oct 10, 2026Read more →
FeaturedReserve Bank of Indiabankingregulatory
RBI Issues Credit Valuation Adjustment Framework
RBI has introduced the Credit Valuation Adjustment (CVA) Framework for commercial banks, mandating capital charges for counterparty credit risk in derivative contracts to align with global standards.
Oct 10, 2026Read more →
FeaturedGST Counciltax
57th GST Council Proposes Reforms on ITC, Arrests
57th GST Council meeting proposes thresholds for notices, ITC, arrests, and reforms on e-invoicing and returns to ease compliance.
Oct 10, 2026Read more →