FeaturedChhattisgarh HC: Successor AO Can't Reopen Assessment Over Peer Error
Chhattisgarh High Court bars reopening of completed assessment by successor AO based solely on belief that predecessor erred in allowing deductions.
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedChhattisgarh High Court bars reopening of completed assessment by successor AO based solely on belief that predecessor erred in allowing deductions.
FeaturedHimachal Pradesh High Court permits taxpayer to re-challenge reassessment proceedings under Section 147A, following Supreme Court's remand directing High Courts to re-examine such cases.
FeaturedPunjab & Haryana High Court has rebuked GST authorities for arresting a trader despite ongoing judicial proceedings, directing immediate release and flagging record manipulation.
FeaturedCyril Amarchand Mangaldas, S&R Associates, and Hogan Lovells advised on Hero Motors' ₹1,000 crore IPO, comprising fresh issue and offer for sale by promoters.
New RBI directions mandate capital requirements for market risk in commercial banks, defining trading book boundaries and risk measurement standards.
RBI finalises framework for novation of over-the-counter derivative contracts following stakeholder feedback.
The Delhi High Court set aside the Controller’s refusal of Fresenius Kabi’s Sugammadex patent, citing procedural flaws under Section 14 of the Patents Act. The order underscores strict compliance with hearing requirements and warns against hindsight bias in inventive step analysis.
FeaturedPunjab and Haryana HC quashed GST audit notices under Section 74 after department failed to consider assessee's reply before finalizing audit report.
FeaturedOrissa High Court held that writ petitions under Articles 226/227 are maintainable against orders under Section 37(1) of the Arbitration and Conciliation Act, 1996, where there is egregious illegality, perversity, or lack of jurisdiction.
FeaturedThe NCLAT has directed the NCLT to consider a third-party intervention alleging collusion between financial creditor and corporate debtor before finalising insolvency order. Decision underscores procedural fairness in IBC process.
The Kerala High Court is concluding the final hearing on the Ribociclib litigation, a pivotal case in pharmaceutical patent law. The outcome may have significant implications for access to medicines in India.
The Delhi High Court is addressing the complexities of personality rights with recent rulings indicating a new approach. This marks a potential shift in how personality rights are interpreted and enforced in India.
FeaturedThe Calcutta High Court has quashed an adjudication order due to the failure to properly inform a taxpayer about the show cause notice (SCN), thus violating the principles of natural justice.