AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
This article analyzes SEBI's informal guidance scheme in comparison with IRS Chief Counsel Advice and SEC No-Action Letters, elucidating their legal implications and practical applications.
A guide has been published detailing the authentication process for SEBI intermediaries under the SCORES framework. The new instructions outline complaint handling procedures, timelines for Action Taken Reports, and compliance obligations.
The Reserve Bank of India has announced the results for the recent buyback auction of government securities, with ₹20,000 crore notified and a total amount accepted of ₹12,604 crore.
The Reserve Bank of India has released the latest updates on money market operations as of July 29, 2026, including overnight variable rate repo auctions and treasury bill results affecting liquidity.
The Chhattisgarh High Court has granted conditional bail in a ₹5 lakh online fraud case, taking into account the accused's prior custody and parity with co-accused.
The Karnataka High Court has declined to quash a Recovery of Debts and Bankruptcy Act (RDBA) demand notice issued alongside income tax provisions, advising the appellants to seek One Time Settlement (OTS) with the bank. The court found that the notice was properly issued per the process set out by the Debt Recovery Tribunal.
The ITAT has overturned a transfer pricing addition made on Fujifilm's income, citing a rejection from the Delhi HC regarding the application of the Bright Line Test for determining the arm’s length price.
The ITAT mandated that a valuation report from the District Valuation Officer is essential for establishing the fair market value of property in disputes arising under Section 50C(2) of the Income Tax Act.
The ITAT ruled that the income tax addition based solely on statements made during a survey is impermissible. The case reinforces the principle that tax assessments require corroborative evidence beyond mere statements.
The ITAT has determined that cash sales already included in a company's turnover cannot be taxed again, to prevent double taxation. This assertion clarifies the tax treatment of cash sales in financial reporting.
The Delhi High Court upheld the ITAT's decision to delete protective income-tax assessments, citing a lack of incriminating evidence. The ruling confirms that factual findings by the ITAT are typically not subject to judicial interference.
SEBI seeks public comments on a proposed draft circular that aims to streamline the Online Dispute Resolution (ODR) framework for the securities market, enhancing the efficiency of dispute resolution mechanisms.
The Reserve Bank of India published the results for the recent buyback auction of dated securities, accepting a total amount of ₹12,604.078 crore from participants out of a notified amount of ₹20,000 crore.