AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The GST Council has notified new IGST Settlement Rules for 2026 aimed at enhancing the IGST settlement mechanism, as per recommendations from the Finance Ministry.
The Gauhati High Court upheld the validity of consolidated GST show cause notices and orders for multiple financial years, denying writ relief while allowing appeal under Section 107 with interim protection.
The Finance Ministry has announced the introduction of new FEMA Compounding Rules, clarifying procedures and sharing relevant Disposal Data to streamline enforcement. These updates aim to enhance regulatory compliance and efficiency.
The SAFEMA Tribunal has upheld the attachment of ₹7.93 crore under the PMLA in a significant adverse ruling for Manik Bhattacharya. The Tribunal dismissed appeals, reinforcing the necessity for robust evidence in financial investigations.
The SAFEMA Tribunal has set aside a PMLA attachment order involving a Director's wife due to insufficient reasoning in the initial findings, remanding the case for further investigation. This decision emphasizes the need for transparent reasoning in financial enforcement actions.
The Karnataka High Court reversed a Single Judge's decision, affirming that consolidated GST show cause notices for multiple tax periods are permissible.
The Andhra Pradesh High Court has directed the appellate authority to resolve a seven-year-old income tax appeal within four months, providing relief to the taxpayers against coercive recovery actions until the case is decided.
The Calcutta High Court has ruled in favor of releasing a deposit of ₹1.38 crore to an appointed committee in the Tower Infotech dispute, concluding a connected writ petition.
SEBI has clarified compliance requirements under Regulation 62A for entities assuming obligations under corporate restructuring involving unlisted NCDs.
This article analyzes SEBI's informal guidance scheme in comparison with IRS Chief Counsel Advice and SEC No-Action Letters, elucidating their legal implications and practical applications.
A guide has been published detailing the authentication process for SEBI intermediaries under the SCORES framework. The new instructions outline complaint handling procedures, timelines for Action Taken Reports, and compliance obligations.
The Reserve Bank of India has announced the results for the recent buyback auction of government securities, with ₹20,000 crore notified and a total amount accepted of ₹12,604 crore.
The Reserve Bank of India has released the latest updates on money market operations as of July 29, 2026, including overnight variable rate repo auctions and treasury bill results affecting liquidity.