AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has communicated updated guidelines regarding the accounts of non-resident banks to Authorised Dealer Category-I banks, aimed at clarifying compliance aspects for banking operations.
The RBI has confirmed that premature redemption of Sovereign Gold Bonds issued in 2020-21 is possible from September 09, 2026. The redemption price will be calculated based on the average of the gold price during the last three business days.
The Reserve Bank of India announced the results of the Overnight Variable Rate Reverse Repo auction held on September 09, 2026, with an accepted amount of ₹4,61,586 crore and a cut-off rate of 5.24%. The auction reflects the current liquidity conditions in the market.
The IPRS v Hotel Appolo case illustrates the licensing complexities faced by hotels concerning copyright compliance for in-room television usage.
The Copyright Office's refusal to register Thaler's AI-generated artwork highlights ongoing debates in originality and authorship in the digital age.
A critical analysis reveals potential doctrinal issues in the Bombay HC's decision on the NEEM trademark case, questioning the court's legal reasoning.
The CGPDTM has invited comments on new draft guidelines aimed at streamlining patent application procedures for pharmaceutical and biotechnology inventions.
The Madras High Court has determined that suspension of evidence is insufficient for disallowances under Section 68 concerning penny-stock LTCG claims, reinforcing the necessity for substantial proof in such assessments.
The Gujarat High Court has quashed a Section 148 notice issued against a deceased taxpayer for the assessment year 2012-13. The ruling highlights the necessity of issuing notices only to legally responsible individuals.
ITAT Delhi has ruled in favor of a taxpayer by deleting the section 270A penalty where disputed treaty income was fully disclosed, confirming that the taxability issue was debatable. This decision underscores the importance of transparency in tax declarations.
The ITAT Bangalore has deleted the addition under section 69A, confirming that agricultural sale proceeds substantiated by relevant records can stand even if the crop is missing in the RTC. This ruling emphasizes the importance of documentation in agricultural transactions.
The Fourth Amendment to FEMA Non-Debt Instruments Rules, 2019 now permits inventory-based e-commerce exports of Indian goods under the Foreign Trade Policy 2023. This update is a key regulatory development that expands the framework for e-commerce operations.
The Securities and Exchange Board of India (SEBI) has approved a settlement for DMI Income Fund concerning a Foreign Portfolio Investor (FPI) compliance case related to delayed disclosures. The fund will pay ₹27.6 lakh to settle the matter.