AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The ITAT permitted a deduction of Rs. 50,000 for medical expenses incurred on a senior-citizen father diagnosed with Parkinson's disease. The ruling underscores the necessity of adequate documentation for such deductions.
A Mumbai special court ruled against the NIA's applications to cancel bail for four individuals accused in the Bhima Koregaon case, upholding their current freedoms. The NIA had argued that the accused had attended a gathering with other implicated parties, but the court rejected these claims.
The ITAT has deleted the income tax addition concerning a substantial cash deposit in a joint account held by an NRI and her husband, citing lack of inquiry.
The Institute of Company Secretaries of India (ICSI) has requested a one-time extension for the completion of CCFS 2026 until September 30, 2026. This extension is sought due to ongoing filing issues within the MCA-21 V3 system and challenges in regularising past defaults.
The RBI's Fourth Amendment Directions introduce changes to the CRR and SLR requirements for Urban Co-operative Banks, fostering better liquidity management practices.
The RBI's Fourth Amendment Directions have adjusted regulations concerning the Cash Reserve Ratio and Statutory Liquidity Ratio for Rural Co-operative Banks, aimed at enhancing liquidity management.
The RBI announces Third Amendment Directions impacting deposit interest rates for Commercial Banks, allowing for a competitive boost by lifting prior rate ceilings.
The RBI's Third Amendment Directions lifted the interest rate ceilings on small finance banks' deposits, aimed at enhancing the competitive landscape.
The RBI has enacted the Third Amendment Directions regarding interest rates for deposits in Local Area Banks, lifting the ceiling on interest rates on fresh deposits to foster competitiveness in the sector.
The RBI implemented Third Amendment Directions on interest rates for deposits in Regional Rural Banks, temporarily lifting previous ceilings to aid financial growth and depositor attraction.
The RBI has released the Third Amendment Directions to modify the interest rate structure for deposits in Urban Co-operative Banks. This amendment allows for the suspension of interest rate ceilings, enhancing banks' competition capabilities.
The Reserve Bank of India has issued Second Amendment Directions regarding interest rates on deposits for Rural Co-operative Banks. The update temporarily withdraws the ceiling on interest rates for fresh deposits effective from the dates specified in earlier Directions.
The CGPDTM has released drafts of new patent and trademark manuals and invites public comments, providing stakeholders an opportunity to contribute to future regulatory frameworks.