AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The CESTAT set aside a service tax demand of Rs. 2.31 crore concerning a technology licensing agreement with Skoda, determining it did not qualify as consulting engineer service.
CESTAT ruled that automotive gears should be classified under 'Gears and Gearing' instead of under motor-vehicle parts, leading to the setting aside of Toyota's customs demand.
The CESTAT has quashed an excise demand of Rs. 3.41 crore against Cipla, ruling it time-barred. The decision hinged on the requirement for full disclosure of annual differential refunds which precluded the invocation of the extended limitation period.
The Reserve Bank of India has unveiled its Cybersecurity, Technology Risk, Resilience, and Assurance Framework for commercial banks, setting a stringent agenda for technology management and oversight in the financial sector.
The Reserve Bank of India has consolidated its supervisory instructions into a new set of guidelines while repealing previous circulars. This move includes the issuance of 64 consolidated directions to enhance regulatory clarity.
The IRDAI has announced the Policyholders’ Education and Protection Fund Regulations, 2026, detailing fund sources, utilization, and governance. This regulatory step is aimed at enhancing policyholder protection.
The RBI has updated guidelines regarding the reporting of FCNR(B) deposits and ECBs mobilized under its Swap Facility, operational since June 2026 and effective until the end of this year.
The Madras High Court ruled that a disparity between GSTR-1 reported values and seigniorage fees justifies the issuance of notices under Section 74 of the CGST Act. This ruling provides clarity on the enforcement of tax compliance standards.
In a recent ruling, the Karnataka High Court has clarified that GST interest under Section 50 arises by operation of law and cannot be waived. This decision underscores the non-discretionary nature of interest liabilities in GTS compliance.
The Delhi High Court has held that the 10% pre-deposit requirement under the amended Section 107(6) of the CGST Act does not apply to show cause notices issued before October 1, 2025. This decision clarifies the rights of taxpayers regarding pre-deposit conditions.
The Kerala High Court clarified that the onus to demonstrate absence of negligence regarding tax dues lies with the director, not the Principal Secretary. This modification highlights the responsibilities of directors under the KVAT Act.
Delhi HC quashed an FIR against Ashish Bhalla, affirming that an SFIO investigation precludes parallel probes. This ruling clarifies jurisdictional matters in corporate investigations.
NCLT Cuttack restored the petitioner directors in a significant ruling on shareholders' rights. The tribunal ruled that minority shareholder exclusion constituted oppression.