AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Several State Governments have announced an auction to raise ₹18,100 crore through the sale of securities. Andhra Pradesh is the primary contributor with ₹1,000 crore for the re-issue of its 7.56% State Government Securities.
Anjali Tripathi critiques the legal sustainability of the government's takedown of Satluj from ZEE5, raising questions about censorship under Section 69A.
A copyright amendment bill is reportedly in the works despite the absence of public consultations, leading to concerns about transparency. Stakeholders are urging for an open dialogue to enhance the amendment process.
The Gauhati High Court quashed a GST registration cancellation notice for lacking necessary details, emphasizing the need for clarity in notices issued by tax authorities.
The ITAT Kolkata has set aside an income tax addition for alleged bogus purchases, as sales were accepted and suppliers confirmed the transactions under Section 133(6). The ruling emphasizes the significance of corroborating evidence in tax assessments.
The ITAT Pune has ruled that ex-gratia compensation received under the BSNL Voluntary Retirement Scheme 2019 is exempt from tax under Section 10(10B) of the Income Tax Act, recognizing it as retrenchment compensation.
The ITAT Chennai has deleted penalties under Sections 41 and 43 of the BMA, ruling that the non-disclosure of ESOP shares constituted an inadvertent, bona fide omission. This ruling highlights the importance of intent in penalty assessments.
The Bombay High Court has remanded proceedings against a wilful defaulter, allowing for withdrawal of previous orders and ensuring adherence to natural justice norms.
The Rajya Sabha has assessed the implications of Section 43B(h) of the Finance Act 2023, highlighting both the liquidity benefits for MSMEs and challenges regarding buyer evasion.
The Madurai Bench of the Madras High Court directed two women police officers to pay ₹1,00,000 each as compensation for not registering an FIR in a dowry demand case. This ruling emphasizes accountability for police actions regarding sensitive matters.
The Calcutta High Court quashed a wilful defaulter notice issued by a bank, citing vague allegations. The court has allowed the possibility of fresh proceedings provided proper particulars are included.
The Gauhati High Court acquitted an officer convicted under the Prevention of Corruption Act, citing insufficient evidence from the CBI to establish disproportionate assets. The decision reaffirms the principle of burden of proof in criminal cases.
The RBI has extended the directions on Irinjalakuda Town Co-operative Bank till January 30, 2026, following ongoing liquidity concerns.