AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Delhi High Court ruled that a formal declaration under Rule 124 is not required to invoke Section 11(2) of the Trade Marks Act, 1999, reaffirming that well-known status can be established through evidence in individual proceedings.
Allahabad HC quashes adverse GST assessment for denying personal hearing under Section 75(4) of UP GST Act.
Bombay HC denies bail in ₹13 crore fake GST ITC case involving 12 non-existent suppliers; invoices lacked actual supply.
Bombay High Court denies anticipatory bail in a ₹29.7 crore fake GST ITC case involving non-existent firms, citing necessity of custodial interrogation.
Bombay High Court denies anticipatory bail in a ₹23 crore fake ITC case, citing need for custodial interrogation to probe shell companies and fraudulent invoicing.
Madras High Court upheld bail in a GST case, emphasizing that grounds for arrest under Section 69 must be recorded in writing and communicated to the accused. Failure to comply renders the arrest suspect.
Madras High Court upholds denial of FCRA registration to a trust that misdeclared its religious activities, affirming disclosure requirements for religious entities.
RBI overhauls export-import rules under FEMA 2026, streamlining EDF filing, advance payments, set-off norms, and AD bank enforcement powers.
RBI deletes Paragraph 38 on option premium deferment from its regulatory framework, effective 1 April 2027, removing deferral privileges for commercial banks.
DGFT has extended the RoDTEP scheme for exporters until December 31, 2026, without altering existing rates or value caps. The extension provides stability amid ongoing WTO negotiations.
RBI now requires all goods and services exporters to file an Electronic Data Format (EDF) declaration with designated banks from October 1, 2026. The move aims to streamline forex monitoring and export data capture.
The ITAT has held that statements, spot verification, and post-search inquiries alone cannot serve as incriminating material to justify additions under Section 153A, deleting loan and interest disallowances under Sections 68 and 69C.
The Gujarat High Court held that reopening a scrutiny assessment is invalid if it is based on a mere change of opinion or misreading of an audit report, without fresh tangible material indicating escapement of income.