AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
SC held NBT’s statutory status and commercial activities do not negate its character as 'State' under Article 12 of the Constitution.
FeaturedThe draft India-EU Free Trade Agreement’s IP chapter could criminalise temporary digital copies and restrict archiving practices, conflicting with current Indian law and fair use principles.
FeaturedThe Supreme Court affirmed that a final resolution plan under IBC cannot be modified by arbitral proceedings initiated post-approval.
FeaturedThe Supreme Court affirmed that lottery winnings are taxable under Section 115BB at 30%, irrespective of whether they are classified as business income, rejecting attempts to apply normal slab rates or allow deductions.
FeaturedSupreme Court refers question of writ jurisdiction over MSME Council awards to a five-judge bench.
FeaturedSupreme Court affirms NCLT's power to recall approved resolution plans for material irregularities.
FeaturedThe Supreme Court held that customs valuation cannot be enhanced based solely on unverified export declarations from foreign suppliers. The ruling reinforces the requirement for independent corroboration in transfer pricing disputes.
FeaturedThe Supreme Court ruled that customs seizures must be based on reasonable belief supported by facts, not mere suspicion. The standard ensures protection against arbitrary enforcement.
FeaturedSupreme Court rules that an admission order under Section 7 of IBC initiating CIRP is binding and cannot be resiled from in collateral proceedings, affirming finality of tribunal decisions.
FeaturedSupreme Court dismissed revenue’s SLP challenging the quashing of a Section 148 notice issued by a non-jurisdictional AO.
FeaturedThe Supreme Court has issued notice to the Revenue in EY US LLP’s appeal challenging the Delhi High Court’s ruling on the taxability of seconded employee costs as fees for technical services. The case may clarify FTS scope under the India-US tax treaty.
FeaturedThe Supreme Court has deleted an income tax addition under Section 43B for unpaid excise duty on closing stock, accepting the tax auditor’s report. The decision reinforces reliance on audited accounts where no malafide is proven.
FeaturedThe Supreme Court ruled that the Committee of Creditors cannot withdraw an approved resolution plan solely due to the corporate debtor’s improved financial position.