AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has sanctioned the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective May 04, 2026.
The Reserve Bank of India has updated the status on the withdrawal of ₹2000 denomination banknotes. The facility for deposit and exchange is available until October 7, 2023, as per the latest press release.
The Delhi High Court's ruling on personality rights raises complex issues regarding the protection of content in meme culture and social commentary.
The Delhi High Court's April ruling in the '20-20' trademark dispute raises pressing issues regarding trademark registration versus existing goodwill.
The Future Crime Research Foundation has opened registrations for its second cohort of the Certified Cyber Law Practitioner program, aimed at legal and compliance professionals, starting June 6.
SEBI has updated its methodology for calculating household savings in the securities market, resulting in a 47 basis points increase in the Gross Savings-to-GDP ratio for FY 2024-25.
SEBI has introduced reforms to the IPO price discovery mechanism to prevent artificial price suppression. Proposed changes include revised base price rules and automatic price band adjustments.
The Delhi High Court has set aside orders rejecting an exporter’s claims regarding ICEGATE technical glitches, citing a violation of natural justice due to the lack of a personal hearing.
The Kerala High Court ruled that a partner cannot claim deductions under section 36(1)(iii) for loans invested as capital in a firm if they do not run an independent business. The decision clarifies the parameters for claiming deductions related to partner loans.
The ITAT determined that capital gains should be taxed in the year of property transfer, not the year of registration of the sale deed.
The ITAT ruled that merely not appearing of directors cannot negate the documentary evidence supporting transactions in unexplained income cases.
The ITAT has partially allowed an appeal clarifying that agricultural land retains its classification even when sold to a non-agriculturist.
The ITAT has deleted a tax addition due to a clerical error in the audit report, asserting that such minor errors do not warrant income tax assessments.