AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has announced an underwriting auction for the sale of government securities amounting to ₹32,000 crore on May 22, 2026. This auction aims to address liquidity conditions in the market.
The Finance Ministry has reduced the customs tariff value for silver imports from USD 2810 to USD 2455 per kilogram, effective May 20, 2026. This adjustment impacts the import duties applicable to silver.
The ITAT ruled that rectification under Section 154 of the Income Tax Act cannot be applied where factual examination is required for determining taxability of cash deposits. This decision emphasizes the importance of evidence in tax assessments.
Students of NLSIU have organized protests against the university's decision to nullify formative assessment results, shifting exclusively to a summative assessment model. The students argue this undermines their ongoing evaluations.
The Reserve Bank of India has published its weekly statistical supplement detailing liabilities and assets as of April 2026.
The article discusses the high increase in gold import duty as a response to economic pressures and its potential impact on smuggling and the jewelry sector.
ROC Cuttack penalized a company and its directors for omitting mandatory contact details on official letterheads as required under Section 12(3)(c).
ROC Cuttack imposed penalties for failing to print mandatory contact information on company letterheads as required under Section 12(3)(c).
This guide outlines the legal process for striking off companies under Section 248 of the Companies Act, 2013, detailing eligibility and consequences.
Section 56 of the Companies Act requires proper documentation for member interest transfers in companies without share capital.
The article details the legal procedure for shifting a registered office within the same state but under a different ROC jurisdiction, including board approvals and compliance requirements.
The Calcutta High Court has restored GST registration subject to the condition of filing pending returns and payment of dues, underscoring the importance of compliance for business operations.
The ITAT ruled that ad-hoc disallowances of expenses are not sustainable unless documentary defects are identified in the claims. The ₹25.48 lakh addition was deleted due to lack of evidence.