Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Gujarat High Court directed the tax authorities to complete adjudication proceedings within eight weeks and granted an additional two weeks for compliance, staying coercive measures in the interim. The move underscores judicial emphasis on fair procedure before enforcement.
The Delhi High Court stated that Amitabh Bachchan must appear personally to pursue his personality rights infringement suit. The direction was issued to encourage settlement and ensure judicial efficiency in high-profile IP disputes.
The Madhya Pradesh High Court directed state police to produce two individuals detained en route to Delhi for the CJP protest. The bench permitted safe return arrangements but insisted on judicial oversight, balancing individual liberty and preventive detention concerns.
ICAI removed a chartered accountant's name from the register for one year for failing to report material financial irregularities and going concern uncertainties in a ₹1,150 crore siphoning case.
The Himachal Pradesh High Court held that admission of a signature on a blank cheque raises a statutory presumption under Section 139 of the Negotiable Instruments Act, placing the burden on the accused to rebut it.
ITAT rules that statements, spot verification, and post-search inquiries cannot form the basis of incriminating material under Section 153A unless corroborated; loan additions deleted.
The ITAT has ruled that for corporate taxpayers, income tax assessment orders on returns below ₹20 lakh must be issued by the ITO, not the DCIT, relying on CBDT instructions.
NCLT approves voluntary liquidation under Section 59 IBC but holds directors liable for future contingent dues despite debt settlement.
57th GST Council recommends extending ITC refunds to capital goods and input services under inverted duty structure and zero-rated supplies.
The NCLT held that pending winding-up proceedings do not preclude initiation of CIRP under IBC if no irreversible steps toward liquidation have been taken.
RBI has modified the foreign exchange risk reserve requirements to ensure orderly market conditions amid evolving external sector dynamics.
RBI has updated guidelines on cancellation and rebooking of foreign exchange derivative contracts to prevent misuse while allowing legitimate corporate hedging needs.