AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The CGPDTM has invited comments on new draft guidelines aimed at streamlining patent application procedures for pharmaceutical and biotechnology inventions.
The Madras High Court has determined that suspension of evidence is insufficient for disallowances under Section 68 concerning penny-stock LTCG claims, reinforcing the necessity for substantial proof in such assessments.
The Gujarat High Court has quashed a Section 148 notice issued against a deceased taxpayer for the assessment year 2012-13. The ruling highlights the necessity of issuing notices only to legally responsible individuals.
ITAT Delhi has ruled in favor of a taxpayer by deleting the section 270A penalty where disputed treaty income was fully disclosed, confirming that the taxability issue was debatable. This decision underscores the importance of transparency in tax declarations.
The ITAT Bangalore has deleted the addition under section 69A, confirming that agricultural sale proceeds substantiated by relevant records can stand even if the crop is missing in the RTC. This ruling emphasizes the importance of documentation in agricultural transactions.
The Fourth Amendment to FEMA Non-Debt Instruments Rules, 2019 now permits inventory-based e-commerce exports of Indian goods under the Foreign Trade Policy 2023. This update is a key regulatory development that expands the framework for e-commerce operations.
The Securities and Exchange Board of India (SEBI) has approved a settlement for DMI Income Fund concerning a Foreign Portfolio Investor (FPI) compliance case related to delayed disclosures. The fund will pay ₹27.6 lakh to settle the matter.
The Karnataka High Court ruled that there is no KVAT penalty for the temporary unloading of goods during interstate transit if the movement is adequately explained. This decision provides clarity on the handling of tax liabilities during transportation.
In a dispute over steel supply, the NCLT has admitted a claim for Corporate Insolvency Resolution Process amounting to ₹2.35 crore based on established operational debt.
The RBI has introduced half-yearly reporting through the Centralised Information Management System (CIMS) for relief measures related to natural calamities. All scheduled commercial banks are required to adhere to this new reporting structure.
On September 08, 2026, the RBI conducted an Overnight Variable Rate Reverse Repo auction accepting offers worth ₹4,17,609 crore at a cut-off rate of 5.24%. The total notified amount was set at ₹5,00,000 crore, indicating steady liquidity management amidst market conditions.
The dispute in IPRS v. Hotel Appolo addresses critical issues regarding copyright licensing in the context of hotel services. Legal experts analyze the implications of the case for hotel operators and copyright societies.
The recent Jan Vishwas Amendment modifies penalty provisions under the Delivery of Books Act, 1956, aiming to modernize legal deposit practices. Co-authored by law students, this analysis critiques the amendments' effectiveness in achieving substantive reform.