AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Delhi High Court has declined to entertain a writ petition concerning the starting point of the limitation period under Section 74(10) of the GST Act, directing the petitioner to pursue a statutory appeal instead.
The RBI has published its August 2026 Bulleting, which highlights the domestic economy's resilience despite global challenges. It features relevant monetary policy insights.
The Controller General of Patents, Designs and Trademarks (CGPDTM) has issued notifications inviting stakeholders to provide comments on new draft manuals concerning patents and trademarks, emphasizing stakeholder engagement in the regulatory process.
The Delhi High Court's recent appointment of an amicus curiae in a civil suit involving Vivek Oberoi raises important questions regarding the role of amicus curiae in litigation, especially when counsel withdraws from representation.
The Reserve Bank of India has shortened the temporary relaxation period for deposit interest rates across various banking sectors to August 31, 2026. This change affects Rural Cooperative Banks, UCBs, RRBs, Local Area Banks, and Small Finance Banks.
The Reserve Bank of India (RBI) has issued a directive excluding eligible FCNR(B) and NRE-funded advances from the Adjusted Net Bank Credit (ANBC) calculations for Priority Sector Lending (PSL) targets. This exclusion applies under specific deposit periods and compliance with CRR/SLR exemption limits.
The Delhi High Court has ruled that lending a Customs Broker licence and dongle for a monthly fee violates regulatory requirements, underscoring the importance of compliance in customs brokerage practices.
The Bombay High Court upheld the Insolvency and Bankruptcy Board of India (IBBI) regulation allowing a 0.25% regulatory fee on realisable value to creditors during corporate insolvency resolution processes (CIRP), reinforcing the Board's regulatory authority.
Wipro Consumer Care has successfully merged with Dermatouch through a share purchase worth ₹387 crore, marking a strategic move into India's science-based beauty product market. This acquisition indicates Wipro's focus on expanding its portfolio in a growing sector.
The ITAT has ruled that documented purchases cannot be deemed bogus solely due to subsequent GST registration cancellations or a supplier's non-filing of income tax returns. This decision underscores the requirement for evidence linking purchasers to fraudulent transactions.
The ITAT has ruled that an assessment order lacking proper verification of unrecorded sales and corresponding purchases is subject to revision under Section 263 of the Income Tax Act. This reinforces the necessity of thorough verification in tax assessments.
The ITAT has quashed an income tax reassessment notice issued three days beyond the six-year limitation period, declaring it as without jurisdiction. This decision reinforces the importance of adhering to statutory timelines for reassessment notifications.
The ITAT has dismissed an appeal against Aditya Birla Sun Life Insurance, ruling that reinsurance premiums do not qualify as consultancy or technical services. The court found that Indian subsidiaries cannot be treated as permanent establishments for the payee as they did not provide reinsurance services.