AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
SEBI has revised the certification requirements for Specialized Investment Fund (SIF) distributors, replacing previous norms with the NISM Series V-D certification and providing a transition period for existing Series XIII holders.
Two judges of the Delhi High Court disclosed their personal tax filing statuses ahead of a significant plea regarding the taxation of judges' allowances, indicating the potential personal implications of the case.
The Advocates' Association Bengaluru has protested against the administrative collapse within the courts, expressing frustration at the Chief Justice's perceived indifference to long-standing issues.
CJI Surya Kant expressed the court's readiness to intervene if the Supreme Court metro station does not reopen by afternoon, addressing the disruptions faced by legal professionals due to ongoing student protests.
DMK leader KR Periakaruppan has withdrawn his petition in the Madras High Court regarding his one-vote defeat in the 2026 Assembly elections, leading to the formal closure of the case. The High Court previously permitted this withdrawal, allowing the electoral outcome to stand.
The Calcutta High Court has allowed a borrower to file a fresh complaint with the RBI Ombudsman regarding an undervalued truck auction, directing a response within six weeks.
The Gauhati High Court justified the seizure of a large quantity of areca nuts, emphasizing the absence of documentation and conduct of the driver as valid reasons for retention of goods.
The ICAI has found a Chartered Accountant guilty of misconduct, ending a 36-year audit tenure. Disparaging remarks made against a fellow CA were cited as bringing disrepute to the profession.
The Reserve Bank of India has published the reserve money data for the fortnight ending July 15, 2026, providing insights into the liquidity conditions in the economy.
Khimani & Associates and Ascendus Law Partners have provided legal counsel for the acquisition of BTG by Nikhil Kamath's WTF.
The NLU Consortium has decided not to implement reforms for CLAT 2027, despite receiving an Expert Committee report suggesting fundamental changes to the exam's format.
The ITAT clarified that disallowance of expenses under Section 37(1) is unsupported without specific adverse findings.
This article addresses common client inquiries during the ITR deadline week, providing practical insights for tax professionals.