Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Supreme Court held that tax classification of goods must be determined by their physical form at the time of sale, not by the end-use or intended application by consumers.
FeaturedThe Supreme Court held that tax classification of goods must be determined by their physical form at the time of sale, not by the buyer's ultimate use, clarifying long-standing confusion in tax jurisprudence.
FeaturedSupreme Court held that foreign-leg Leave Travel Concession (LTC) benefits are not exempt under Section 10(5) and SBI must deduct TDS on such reimbursements.
FeaturedSupreme Court dismissed Revenue’s appeal against Bombay HC’s ruling that CSR donations qualify for deduction under Section 80G, quashing reassessment based on change of opinion.
FeaturedThe Monetary Policy Committee increased the policy repo rate by 25 basis points to 5.50% under the Liquidity Adjustment Facility, effective immediately.
FeaturedSupreme Court upholds SAT’s application of Regulation 10 to combined acquirer-PAC holdings, dismissing SEBI appeals and clarifying SAT’s powers under Section 15T of SEBI Act.
FeaturedThe RBI’s Expected Credit Loss (ECL) framework, effective April 2027, introduces a forward-looking, three-stage model for provisioning, replacing the current incurred loss approach. Banks must adopt EIR calculations and revised capital adequacy reporting.
FeaturedThe Supreme Court ruled in Arth Micro Finance v. Shivalik Bank that a tribunal appointed without mutual consent under a unilateral clause never legally existed, reinforcing arbitration agreement fundamentals.
FeaturedThe Supreme Court upheld SAT’s decision that Regulation 10 of SEBI (SAST) Regulations applies to combined shareholding of acquirer and PAC. SEBI’s appeals were dismissed.
FeaturedThe Supreme Court upheld SAT's interpretation that Regulation 10 of SEBI (SAST) Regulations applies to the combined shareholding of an acquirer and Persons Acting in Concert (PAC), dismissing SEBI's appeals and clarifying the scope of SAT’s jurisdiction under Section 15T of the SEBI Act.
FeaturedSupreme Court upholds Delhi HC's order for forensic audit of Fortis Healthcare in Daiichi-Sankyo vs Singh brothers dispute, clarifying observations are prima facie only.
FeaturedMultiple prudential directions for commercial, small finance, payments banks, and AIFIs updated to align with international standards on legal opinions and valuation adjustments.