AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The GST Network (GSTN) has announced forthcoming changes to the e-way bill system effective from August 1, 2026, which will make 'Ship-to' GSTIN mandatory and enhance e-way bill closure functionalities. This change is set to impact logistics and supply chain operations.
The Kerala High Court addressed a challenge to the income tax exemption for stipends received by medical postgraduate students, instructing the assessee to pursue available statutory remedies with a temporary stay on coercive actions.
The Karnataka High Court has allowed an appeal from New India Assurance, determining that the deceased individual's Income Tax Return provides a binding admission regarding age, overriding unproduced educational records.
The Income Tax Appellate Tribunal ruled that once jurisdiction under Section 153C is established, the Assessing Officer (AO) is entitled to consider further information from the Investigation Wing. This decision stems from a case where the assessee contested the lack of an adequate satisfaction note.
NCLT Delhi ruled that a suspended director lacks standing to seek removal of the Resolution Professional post-Committee of Creditors approval. The decision emphasizes respect for approved processes.
The RBI has set out new directions for the internal audit function of commercial banks, emphasizing the importance of robust internal controls and governance.
The RBI has issued new directions governing concurrent audits in commercial banks, mandating stricter oversight and accountability measures for improved financial integrity.
The RBI has issued comprehensive guidelines for banks regarding the detection, reporting, and monitoring of counterfeit Indian currency notes. This is part of a broader initiative to combat counterfeit currency circulation.
The Reserve Bank of India has issued a circular on the implementation of Section 51A of UAPA, 1967 related to amendments in the UNSC 1988 (2011) Taliban sanctions list. This directive emphasizes compliance among financial institutions to adhere to international sanction frameworks.
Following public feedback, the IRDAI has revised and responded to the draft Insurance Surveyors and Loss Assessors Regulations, clarifying various provisions in the proposed framework. The changes aim to improve governance.
The Reserve Bank of India has scheduled an auction for Treasury Bills, including prominent maturities set for August 2026, aimed at meeting government financing needs.
The Government of India has declared a buyback of dated securities amounting to ₹20,000 crore. This initiative aims to manage debt more effectively and stabilize market conditions.
In a two-part exploration, the challenges of access to patented medicines in India are discussed, focusing on legislative mechanisms that have become dormant.