Income Tax Appellate Tribunaltax
ITAT Restricts Suppressed Turnover Profit Estimation to 2.5%
The ITAT granted partial relief, restricting the estimated profit rate on suppressed turnover from 8% to 2.5% for the taxpayer.
May 14, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Latest Articles
Income Tax Appellate Tribunaltax
ITAT Grants Deduction for Interest from Nationalized Bank Investments
The ITAT has ruled that interest earned from investments in nationalized banks qualifies for deduction under Section 80P(2).
May 14, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Quashes Revision Against Agricultural Income Claim
The ITAT ruled that action against a ₹41.63 lakh agricultural income claim was unjustified due to detailed AO verification.
May 14, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Rules Penalty Proceedings Cannot Precede Quantum Appeal Disposal
The ITAT has upheld that penalty proceedings under Section 271(1)(c) cannot be resolved before the corresponding quantum appeal is adjudicated.
May 14, 2026Read more →
CESTATtax
Mandarin Orange Classifiable Under Residual Citrus Juice Category
CESTAT ruled that mandarin juice is distinct from orange juice and should be categorized under the residual citrus juice category for customs purposes.
May 14, 2026Read more →
Reserve Bank of Indiacorporate
Monthly Data on India’s International Trade in Services
The Reserve Bank of India has published monthly data on India’s international trade in services for March 2026, highlighting service sector performance.
May 14, 2026Read more →
Reserve Bank of Indiabanking
Withdrawal of ₹2000 Denomination Banknotes – Status
The Reserve Bank of India has announced the withdrawal of ₹2000 banknotes from circulation. The facility for deposit and exchange was available at all bank branches until October 7, 2023.
May 14, 2026Read more →
N/Aintellectual_property
SpicyIP Review of Recent IP Developments: May 4 – 10
The SpicyIP Weekly Review highlights notable IP case updates and insights, including Bombay HC's ruling on atomic energy patents and Oscar statuette ownership.
May 14, 2026Read more →
N/Aintellectual_property
Insights on Copyright Enforcement from Geneva's 2026 IP Conference
The University of Geneva's 2026 IP Conference highlighted the developing complexities of copyright enforcement in the gaming industry, reflecting global trends and legal challenges.
May 14, 2026Read more →
N/Aintellectual_property
Shamnad at 50: Remembering His Impact on IP Law
Shamnad’s influential journey in IP law continues to resonate as he celebrates his 50th birthday. The reflections include rare insights from his last recorded interview in Iran, highlighting his contributions to intellectual property rights.
May 14, 2026Read more →
corporate
CBIC Notifies Village Namli as Customs Point
The CBIC has designated Village Namli in Ratlam as a new customs point, enhancing customs infrastructure in the region for import and export operations.
May 14, 2026Read more →
SEBIcorporatesecurities
Compliance Calendar for SME Listed Companies
The compliance calendar details regulatory filing requirements for SME listed companies under SEBI regulations and NAS circulars, including pivotal deadlines and formats.
May 14, 2026Read more →
SEBIcorporatefinancial_services
FAQs on SEBI – IVCA Annual Activity Report for AIFs
The FAQs on the SEBI-IVCA Annual Activity Report provide vital insights for Alternative Investment Funds concerning new reporting requirements introduced for enhanced regulatory clarity.
May 14, 2026Read more →