AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Supreme Court is hearing petitions by Rahul Gandhi and others challenging large-scale voter deletions and irregularities in the Special Intensive Revision of electoral rolls.
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 fraud under GST Section 74 cannot be presumed solely from tax discrepancies or ITC mismatches, requiring independent proof of intent to evade tax.
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.
FeaturedThe Supreme Court ruled that tax classification of goods must be based on their physical form at the time of sale, not the end use by consumers.
FeaturedThe Supreme Court overturned a Gujarat HC order restricting GST arrest powers, affirming statutory authority for arrest in non-compliance cases and directing assessees to cooperate with inquiries. The decision clarifies the scope of enforcement under Section 69 CGST Act.
FeaturedSAFEMA Tribunal affirms PMLA attachment of properties acquired before the offence, treating them as 'proceeds of crime' under Section 2(1)(u) when actual assets are unavailable.
FeaturedThe Supreme Court held that tax classification of goods must be determined by their physical form at the time of sale, not by subsequent end use. This clarifies long-standing ambiguity in customs and GST classification disputes.
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.
FeaturedFrom April 2027, banks must adopt the RBI’s Expected Credit Loss (ECL) framework, a three-stage provisioning model based on credit risk deterioration and Effective Interest Rate (EIR) calculations.
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.