AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has published its July 2026 monthly Bulletin, including insights on the economy and current statistics. The report emphasizes the resilience of the domestic economy amidst global uncertainties.
The Kerala High Court clarified that in the context of POCSO cases, the term 'chest' should be interpreted as 'breast' to ensure proper understanding of sexual assault allegations.
The Allahabad High Court has directed police to provide security to three advocates in Lucknow following allegations of violence and harassment by colleagues in the district court.
The Gauhati High Court quashed the customs seizure of 17,200 kilograms of areca nuts, stating that no evidence linked the goods to illegal foreign import from Myanmar.
The Gauhati High Court acquitted a former Telecom Chief General Manager, stating that the prosecution failed to establish disproportionate assets, raising questions about asset declaration processes.
The Gauhati High Court upheld the seizure of 33,600 kilograms of areca nuts, citing the absence of required documentation and driver's conduct as justifications.
The Gauhati High Court restored a writ petition against a reassessment notice after the Supreme Court annulled an earlier High Court order, allowing the taxpayer to re-examine the case.
The ITAT ruled that capital gains deductions should be valid if supported by a registered valuer’s report.
The Rajasthan HC allows the insurer to deduct tax from the interest component of compensation awarded for motor accidents.
The ITAT has remanded a ₹3.14 crore provision claim for verification and ruled against double taxation of security deposits forfeited.
The RBI has issued Second Amendment Directions concerning the resolution of stressed assets for Local Area Banks, aiming to enhance operational standards.
The RBI has announced Second Amendment Directions for Commercial Banks, focusing on refining income recognition and asset classification procedures.
The RBI has published new Second Amendment Directions focused on income recognition, asset classification, and provisioning for Small Finance Banks, aiming for better compliance.