AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
A recent discussion emphasizes the necessity for CA students to revisit their professional conduct code, not merely as a requirement but as a crucial aspect of their future professional integrity.
The NCLAT confirmed that the remuneration for Interim Resolution Professionals (IRP) should be based on actual work, rather than just the duration of appointment. This reinforces the importance of performance-based remuneration in insolvency proceedings.
The ITAT remanded a case back to the assessing officer for reassessment following the submission of new evidence regarding loan repayments, emphasizing the need for comprehensive examination of evidence.
The ITAT upheld a CIT(A) order to limit disallowances related to a specific bogus party, deleting cash deposit additions on double taxation grounds.
The ITAT has determined that interest under Section 264(C) should apply to return income rather than assessed income, providing clarity for taxpayers regarding the calculation of interest.
The Reserve Bank of India announces the auction of Government Treasury Bills, with details on amounts and auction dates.
The Reserve Bank of India has published data on India's international trade in services for March 2026, highlighting significant trends in exports and imports.
The Reserve Bank of India has published data on lending and deposit rates for April 2026, noting slight trends in commercial bank rates.
The Reserve Bank of India has published its weekly statistical bulletin detailing liabilities and assets for scheduled commercial banks, reflecting significant financial trends.
The Reserve Bank of India has provided an update on the withdrawal of ₹2000 notes, effective until October 7, 2023. All bank branches will facilitate the deposit and exchange of these notes during this period.
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a ₹1 crore fine on Nissan Renault for non-compliance with MISP guidelines regarding distribution fee disclosures. The regulatory body found agreements lacking transparency, undermining contractual clarity.
The Kerala High Court ruled that a partner cannot claim a deduction under Section 36(1)(iii) for loans invested as capital in a firm if they do not have independent business operations. The ruling clarifies the application of borrowing costs in partnership scenarios.
The Institute of Chartered Accountants of India (ICAI) has announced the empanelment of observers for the September and November 2026 CA examinations. This initiative aims to ensure examination integrity and procedural oversight across examination centres.