AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Delhi High Court has denied the unconditional release of 290 grams of gold, mandating a customs adjudication on the alleged oral SCN issued.
The Delhi High Court ruled that the appropriate remedy for appeals concerning baggage-related customs orders lies with revision applications under Section 129DD of the Customs Act post-Commissioner Appeals decisions.
The Delhi High Court denied the release of 233 grams of gold to a passenger after acknowledging receipt of an oral show-cause notice, emphasizing procedural adherence in customs disputes.
The RBI has imposed monetary penalties on various credit information companies, including Equifax and TransUnion CIBIL, totalling over ₹30 lakh for non-compliance with credit information regulations.
The RBI has imposed a monetary penalty of ₹6.20 lakh on Hinduja Leyland Finance Limited for non-compliance with regulations on microfinance loan pricing and securitisation of assets. The action reflects the RBI's commitment to maintaining financial discipline.
The recent ruling in IPRS v. Hotel Appolo addresses licensing obligations for copyright content in hotel TVs. This case scrutinizes the applicability of copyright laws in hospitality settings.
The Controller General of Patents has invited comments on new draft patent application guidelines. These are aimed at improving patenting procedures for pharmaceutical and biotech inventions.
The Gujarat High Court has ruled that deductions under Section 35(2AB) cannot be denied on the grounds of later approval from the Department of Scientific and Industrial Research (DSIR). This ruling clarifies the conditions under which such deductions should be analyzed.
The ITAT Delhi ruled that the Gross Profit (GP) rate cannot be uniformly applied across pre and post-survey periods, emphasizing the need for a nuanced approach in assessments. This ruling is crucial for tax practitioners addressing GP disputes.
The CBIC has released mandatory compliance checklists for the importation of cosmetics, drugs, and medical devices, requiring strict verification before granting out-of-charge clearance. This update aims to strengthen regulatory compliance.
The Delhi High Court has denied an unconditional release of a seized gold chain due to a 938-day delay in claiming it, alongside issues of undisclosed Customs statements. The ruling emphasizes the importance of timely action in such matters.
The NCLT has stayed the repayment plan for a corporate debtor as no clear majority decision was reached, temporarily restraining Dr. Subhash Chandra from selling assets.
The NCLAT has dismissed a Corporate Insolvency Resolution Process (CIRP) application, deeming it malicious due to the unexplained removal of hypothecated assets during SARFAESI recovery proceedings.