AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The CGPDTM has issued new draft guidelines aimed at improving the examination process of pharmaceutical and biotechnology patent applications.
SEBI is seeking comments on a proposal to allow mutual funds to net fund obligations for cash market trades while maintaining gross securities settlement.
SEBI's proposal to reduce scrutiny of Alternative Investment Fund (AIF) trustees is being questioned in light of its own enforcement record related to trustee transactions.
SEBI is set to review the settlement price methodology for derivatives contracts following the commencement of the Closing Auction Session (CAS), aiming for improved efficiency.
SEBI outlines the complete regulatory framework for issuing non-convertible debentures (NCDs) by listed entities, including issuance conditions and compliance requirements.
SEBI has extended the compliance deadline for accredited investors in angel funds to March 31, 2027, providing additional time for adherence to regulatory requirements.
The Rajasthan High Court has restored a delayed GST appeal and mandated the Appellate Authority to consider the merits of the case, underscoring a fair hearing.
This article delves into the reasons for GST registration cancellation along with the procedural aspects involved. It discusses the retrospective effects and compliance implications for affected businesses.
The ITAT Mumbai allowed an appeal where the taxpayer fully repaid a loan in the same year. The ruling clarifies that loan transactions cannot be construed as income under Section 68.
ITAT Bangalore has ruled that a non-cash benefit from acquiring land below its market value is taxable under Section 28(iv). This decision clarifies the tax implications of undervalued asset transactions.
ITAT Mumbai has deleted a ₹62 lakh addition under Section 69 due to inadequate corroborative evidence from third-party statements and Excel entries. This ruling underscores the importance of having substantiating documentation in tax assessments.
The Karnataka High Court has upheld a KVAT demand of ₹12.61 lakh against Yes Bank, finding no errors in the reported turnover discrepancies. This decision reinforces the importance of accuracy in VAT reporting.
The Bombay High Court clarified that interest on excise refunds under section 11BB begins from the expiry of three months from the date of the original application, not from the appellate order.