Supreme Court of Indiacustoms
Quicklime Classification Confirmed Under CTH 2522 by SC
The Supreme Court upheld previous rulings regarding the classification of quicklime under CTH 2522, affirming established legal precedents.
May 15, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
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CBICcustoms
CBIC Extends Customs Relief Measures Amid Strait of Hormuz Disruptions
The CBIC has extended several customs circulars under Section 143AA until June 30, 2026, due to ongoing maritime disruptions in the Strait of Hormuz. This extension aims to provide relief to importers facing challenges resulting from the situation.
May 15, 2026Read more →
Reserve Bank of Indiabankingcorporate
Clarifications on Rupee Borrowings from NRIs/OCIs by Residents
The RBI's recent amendment clarifies the conditions governing rupee borrowings by resident individuals from NRIs and OCI relatives, streamlining fund practices.
May 15, 2026Read more →
Reserve Bank of Indiacorporatebanking
New Category of Unregistered NBFCs Introduced by RBI
The RBI has created a new category of Unregistered Type 1 Non-Banking Financial Companies (NBFCs) that can operate with limited funds without public engagement. This allows for more flexibility in NBFC operations.
May 15, 2026Read more →
Orissa High Courtcivil
Orissa HC Reduces Motor Accident Compensation as Income Tax Was Not Deducted
The Orissa High Court has modified a compensation award in a motor accident case, ruling that the Tribunal failed to deduct income tax while calculating loss of dependency. Compensation was recalculated based on the deceased’s taxable income under the new tax regime.
May 15, 2026Read more →
ROC Punecorporate
ROC Pune Penalizes Delay in Filing PAS-3 for Allotment
ROC Pune has imposed a penalty on a company and its directors for a 46-day delay in submitting Form PAS-3 related to allotment returns, reaffirming that timely compliance is crucial under the Companies Act.
May 15, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Surat Upholds Taxation of Only Commission Income, Deletes ₹3.15 Crore Addition
The ITAT Surat ruled that the bank transactions in question reflected a cheque discounting business and could not be treated as unexplained cash credits under Section 68. Only the estimated commission income was retained for taxation.
May 15, 2026Read more →
Not Applicablecorporatearbitration
Improving Legal Practices with Generative AI Training
A new certificate program aims to enhance legal professionals’ efficiency by integrating Generative AI into their workflows. This approach promises improved productivity and quicker outputs.
May 14, 2026Read more →
Delhi Courtcriminal
Delhi Court Grants Bail to 'The Skin Doctor' in Controversial Tweet Case
A Delhi court has granted bail to Dr Neelam Singh, known as 'The Skin Doctor', following his arrest over a tweet against Priya Kapur. The court found the police's request for custody insufficient for continued detention.
May 14, 2026Read more →
tax
Customs Duty Increased on Precious Metals: Gold, Silver, Platinum Updates
The Indian government has increased customs duty on gold and silver to 5%, platinum to 5.4%, and catalysts to 4.35%. This change is part of ongoing amendments to the customs duty framework relevant to precious metals.
May 14, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Deletes Bogus Loss Addition After SEBI Clearance
The ITAT ruled that SEBI's findings on scrip manipulation invalidate the bogus loss addition on genuine trading transactions, deleting a ₹72.28 lakh addition.
May 14, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Deletes Capital Expenditure Addition for Brand Promotion Costs
The ITAT ruled that brand promotion and trade incentive expenses are revenue in nature and deleted a ₹6.66 crore addition.
May 14, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Restores Deduction Claim Post Reassessment Disclosure
Following the disclosure of massive cash deposits and GSTR-3B turnover, the ITAT remanded the case to restore a ₹41.98 lakh deduction claim.
May 14, 2026Read more →