AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Delhi High Court's appointment of an amicus curiae to represent Vivek Oberoi after his counsel withdrew highlights procedural questions regarding the role and limits of an amicus in civil suits.
The Income Tax Appellate Tribunal (ITAT) Mumbai has deleted the deemed rental income addition on unsold properties classified as stock-in-trade for assessment year 2014-15.
A member of the ICAI Central Council has resigned, urging the institute to prioritize governance reforms. The resignation highlights the need for a shift in focus towards supporting professionals and students rather than event-driven activities.
The ITAT has quashed the Assessing Officer's revision regarding the Annual Letting Value (ALV) of properties owned by Sr. Advocate Mukul Rohatgi, determining that these properties were used for professional purposes.
Several State Governments are set to auction stocks totaling ₹27,000 Crore. This includes Assam and Bihar, among others, seeking to re-issue bonds.
The Indian intellectual property community mourns the loss of Mr. P. H. Kurian, a distinguished IAS officer known for his pivotal role in shaping IP law in India. His contributions and leadership will be remembered by colleagues and stakeholders across the sector.
The ITAT has deleted the addition of income tax under Section 69A against the Goyal group, asserting that the cash found during a search was already recorded in the company’s books of accounts.
The ITAT has granted a taxpayer a final opportunity for tax relief, conditioned on the planting of 500 trees. This ruling reiterates the intersection of environmental considerations and tax benefits.
The SEBI has issued informal guidance permitting clients of Discretionary Portfolio Management Services (D-PMS) to pledge their securities while retaining them in assets under management until pledge invocation.
SEBI has published its findings on retail equity derivatives market participation and trading behaviors in fiscal years 2025-2026, outlining trends in profitability and trading patterns.
SEBI has entered a tripartite Memorandum of Understanding with RRU and NISM to advance capacity building in the securities market, emphasizing training, research, and innovation.
The Bombay Stock Exchange (BSE) has released a set of FAQs to clarify guidelines regarding record date filings, timelines, and compliance requirements for corporate actions by listed entities.
The National Law School of India University has cancelled its 2026 convocation after students declined to publicly invite Chief Justice of India Surya Kant. Degrees will be conferred in absentia due to this decision.