AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The ITAT has allowed a taxpayer to resolve a tax dispute involving the addition of over Rs. 11.22 crore on the condition of planting 500 trees. This unique approach highlights environmental considerations in tax relief.
SEBI has aligned its cyber incident reporting portal with the Financial Stability Board's FIRE format. This structured reporting approach demands compliance from regulated entities.
The Securities Appellate Tribunal (SAT) has set aside SEBI's communications rejecting an open offer withdrawal, directing SEBI to issue a speaking order. This decision highlights the importance of considering material submissions.
The MCA’s new CCFS-2026 initiative offers reduced filing fees and other concessions to facilitate corporate compliance.
The article clarifies when defaults under the Companies Act necessitate compounding versus adjudication, outlining practical steps for compliance.
The Ministry of Corporate Affairs has restricted public access to DIR-12 filings while retaining mandatory director disclosures.
NCLT Ahmedabad has sanctioned the amalgamation of Edme Insurance Brokers with UIB Insurance Brokers under applicable sections of the Companies Act.
The NCLT Delhi has approved the merger of Ambrosia Corner House with Kafila Hospitality, subject to regulatory compliance.
Warburg Pincus has completed a 100% acquisition of Integrace Private Limited, facilitating a full exit for True North and Temasek. Legal advisement was provided by Cyril Amarchand Mangaldas.
Former Supreme Court Justice L. Nageswara Rao stated that the limited visibility of the India International Arbitration Centre indicates a broader trust deficit in institutional arbitration in India, as discussed during a recent panel event.
The Delhi High Court ruled that an employee cannot be penalized for their employer's failure to deduct tax at source, reaffirming principles under Section 205 of the Income Tax Act. This decision emphasizes that tax liability cannot be shifted from an employer to an employee when tax obligations were not fulfilled by the employer.
The Gauhati High Court has ruled that a regular criminal court does not have the authority to order the release of goods seized under the Customs Act, specifically under Section 110A.
The CESTAT Chennai has annulled a ₹4 lakh penalty imposed under Section 117 of the Customs Act, asserting that no contravention was established during the adjudication process.