AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The ITAT upholds the fair market value as the cost of acquisition under Section 49(2AA) for NRIs calculating capital gains on ESOPs, providing significant relief for foreign investors.
The CESTAT has permitted CENVAT credit on residential facilities provided to work-from-home employees, recognizing business operations' evolving structure.
The Supreme Court ruled that appeals filed with the High Court before the SEBI Act amendment remain valid, reinforcing the rights of parties engaged in ongoing litigation.
The Reserve Bank of India has imposed monetary penalties on three firms, citing non-compliance with KYC and governance norms, with penalties ranging from ₹2.70 lakh to ₹5.40 lakh. This action underscores the RBI's strict regulatory oversight.
On August 10, 2026, the RBI conducted a 7-day Variable Rate Reverse Repo (VRRR) auction, accepting ₹95,810 crore at a cut-off rate of 5.24%. This operation aimed to manage liquidity in the market and is a crucial tool in the RBI's monetary policy framework.
The RBI has introduced a Dollar-Rupee Forex Swap Scheme aimed at supporting foreign borrowings while addressing currency devaluation concerns. This scheme presents both opportunities and risks for ECB borrowers.
The Bombay High Court is set to decide whether TNMM benchmarking can apply to determine the arm's length price at the entity level for combined transactions. The court has allowed the appellant to raise additional questions of law.
The Reserve Bank of India has invited public comments on its draft directions regarding the Credit Valuation Adjustment (CVA) framework, aiming to enhance risk management in financial transactions.
The Calcutta High Court has mandated that hotels should acquire copyright licenses for music played through cable television in guest rooms, reinforcing the concept that such services constitute public communication under copyright law.
The RBI is seeking public feedback on proposed amendments to its Capital Adequacy Directions, focusing on the Leverage Ratio Framework. This is part of ongoing efforts to align with global financial standards.
The RBI is inviting public comments on the draft Directions regarding Credit Valuation Adjustment (CVA) Framework, aiming to enhance risk management protocols in the derivatives market.
The RBI has imposed a penalty of ₹5.40 lakh on Infinity Fincorp Solutions for violating KYC norms as per its regulatory framework. The penalty reflects the regulatory authority's stringent compliance expectations.
The Madras High Court's decision in Novartis AG v. Venkata Narayana Active Ingredients provides critical insights into the evidentiary requirements for invoking the Bolar exemption under Section 107A. The ruling aims for clarity while posing challenges for pharmaceutical manufacturers.