AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The CESTAT has permitted BSNL to claim Cenvat credit for housekeeping services used for telecom operations, but denied credit for rent-a-cab services. This ruling clarifies the extent of applicable Cenvat credits within the telecommunications sector.
The Reserve Bank of India has released an update on the money market operations, detailing amounts and rates effective as of May 29, 2026. This information is pivotal for financial institutions managing liquidity.
The ITAT ruled that an uncontroverted affidavit seeking delay condonation under Section 249(3) cannot be disregarded without contrary evidence. This maintains the integrity of the procedural framework in tax filings.
The ITAT restored an appeal relating to additions on poultry farm lease rent, ruling that the taxpayer's ill health constituted sufficient grounds for failing to respond to a show cause notice (SCN). This ruling underscores the importance of context in tax appeal procedures.
The RBI announces an auction for Government of India Treasury Bills, detailing amounts and auction dates for May 2026.
The RBI has officially announced the withdrawal of ₹2000 notes from circulation, with deposit facilities available until October 7, 2023.
This week's SpicyIP review covers notable developments in Indian copyright doctrine, including the Delhi HC ruling in Bansal v. Philips and an evolving perspective on personality rights. The review highlights critical case summaries and ongoing discussions in IP law.
This article dives into the historical significance of the French language in the Berne Convention and its implications for international copyright law. It underscores the importance of understanding linguistic nuances in legal texts.
This article outlines the legal framework governing the buyback of shares, detailing procedural requirements, statutory compliances, and the conditions under which buybacks are permissible.
This article details conditions under which private companies may utilize MCA exemptions for borrowing, focusing on approval thresholds and scenarios requiring shareholder consent.
The article provides insights into the approval process required for related party transactions under the Companies Act and SEBI regulations, outlining a practical framework for compliance.
Recent NCLT decisions indicate that procedural rules should not impede the conversion of a share capital company into a guarantee company under Section 18, where substantive provisions permit such changes.
This article delves into the importance of founder agreements in venture-backed companies, focusing on equity allocation, management roles, and exit strategies. It emphasizes their critical role in reducing disputes and ensuring stable governance.