AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Chhattisgarh High Court has granted conditional bail in a ₹5 lakh online fraud case, taking into account the accused's prior custody and parity with co-accused.
The Karnataka High Court has declined to quash a Recovery of Debts and Bankruptcy Act (RDBA) demand notice issued alongside income tax provisions, advising the appellants to seek One Time Settlement (OTS) with the bank. The court found that the notice was properly issued per the process set out by the Debt Recovery Tribunal.
The ITAT has overturned a transfer pricing addition made on Fujifilm's income, citing a rejection from the Delhi HC regarding the application of the Bright Line Test for determining the arm’s length price.
The ITAT mandated that a valuation report from the District Valuation Officer is essential for establishing the fair market value of property in disputes arising under Section 50C(2) of the Income Tax Act.
The ITAT ruled that the income tax addition based solely on statements made during a survey is impermissible. The case reinforces the principle that tax assessments require corroborative evidence beyond mere statements.
The ITAT has determined that cash sales already included in a company's turnover cannot be taxed again, to prevent double taxation. This assertion clarifies the tax treatment of cash sales in financial reporting.
The Delhi High Court upheld the ITAT's decision to delete protective income-tax assessments, citing a lack of incriminating evidence. The ruling confirms that factual findings by the ITAT are typically not subject to judicial interference.
SEBI seeks public comments on a proposed draft circular that aims to streamline the Online Dispute Resolution (ODR) framework for the securities market, enhancing the efficiency of dispute resolution mechanisms.
The Reserve Bank of India published the results for the recent buyback auction of dated securities, accepting a total amount of ₹12,604.078 crore from participants out of a notified amount of ₹20,000 crore.
The RBI released the results for the State Government Securities auction conducted on July 28, 2026, showcasing a total notified amount of ₹4,600 crore. Various states, including Andhra Pradesh and Gujarat, participated with different tenor securities.
Discussion surfaces regarding potential amendments to copyright law without public consultations, raising concerns about the democratic process. Stakeholders are urged to remain vigilant due to the lack of transparency in legislative approaches.
This article explores the limits of copyright concerning foundational elements of communication, such as alphabets and languages. It revisits a government opinion from 1958 and questions whether current laws can safeguard the basic tools of expression.
Union Minister Nitin Gadkari has filed a lawsuit against Meta, X (formerly Twitter), and Google to remove defamatory content linking him to corruption allegations regarding the E20 fuel program.