AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Punjab and Haryana High Court has granted bail to an assistant linked to a ₹66 crore GST fraud case, noting the offence's triable nature and the applicant's custody duration.
The Telangana High Court has clarified that payment of GST dues during adjudication does not exempt taxpayers from the mandatory pre-deposit requirement when filing an appeal.
The Telangana High Court has allowed a taxpayer to withdraw a writ challenge against a Section 74 GST order and pursue the statutory appellate remedy instead, ensuring that the appellate authority considers the delay in filing.
The Institute of Chartered Accountants of India (ICAI) is developing a new syllabus for Chartered Accountants that emphasizes artificial intelligence (AI), environmental, social, and governance (ESG) factors, sustainability, and data analytics, reflecting a shift towards a technology-driven accounting profession.
The NCLAT upheld that conditional payments linked to internal assessments are recognized as acknowledgment of operational debt.
The NCLT ordered the liquidation of a corporate debtor after the Committee of Creditors rejected the only resolution plan submitted during the CIRP.
The NCLAT reaffirmed that once operational debt is admitted, disputes regarding defective supply cannot hinder the Corporate Insolvency Resolution Process (CIRP).
The ITAT has held that an assessing officer cannot add alleged bogus losses back while computing book profit under Section 115JB of the Income Tax Act if they have been disallowed for regular income.
The Karnataka High Court has quashed an ex-parte income tax assessment order, citing failure to consider the exemption under Section 80P(2) during the bank attachment process.
The ITAT has ruled that payments made for global brand and technology support services by Deloitte are not taxable as royalties under the India-UK Double Taxation Avoidance Agreement, leading to the deletion of the TDS demand.
The ITAT has ruled that CSR donations to approved institutions are eligible for tax deductions under Section 80G despite Section 37 restrictions. A deduction of ₹22.60 lakh was granted.
The Reserve Bank of India has emphasized responsible business conduct through amendments aimed at improving compliance and operational standards for Regional Rural Banks.
The Reserve Bank of India has revised its credit risk management directions for Non-Banking Financial Companies to enhance regulatory compliance and risk assessment protocols.