AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Bombay High Court confirmed CESTAT’s verdict, ruling no evidence found of customs law violations by the broker, allowing retention of the customs broker licence.
The CESTAT ruled that Customs must pay interest on delayed refunds of Extra Duty Deposit, emphasizing that delays attract statutory interest regardless of litigation.
The CBIC has designated a common adjudicating authority for multiple customs show cause notices, aimed at enhancing the consistency of adjudication processes under the Customs Act.
The CESTAT determined penalties on an importer were inappropriate because all relevant documents were submitted, including a certificate from an authorized agency. The Tribunal attributed any assessment failures to customs authorities.
The Enforcement Directorate conducted searches at nine locations in Bengaluru and Mumbai related to contraventions of the Foreign Exchange Management Act. Various incriminating documents were seized during these operations.
The Calcutta High Court has directed the Detective Department to expedite its inquiry into a ₹13 crore duping fraud case and submit a report to the jurisdictional Magistrate. This decision emphasizes the importance of prompt action in financial fraud investigations.
The article provides guidelines for Chartered Accountants (CAs) on essential GST compliance checks necessary before signing audit reports to ensure accurate financial disclosures and mitigate risks.
The Income Tax Appellate Tribunal has ruled that a co-operative society cannot have its deduction under Section 80P(2)(a)(i) denied due to clerical mistakes on tax returns. It emphasizes proper evaluation over minor errors.
The Karnataka High Court has clarified that the use of the word 'may' in the GST amnesty notification creates a directory timeline for filing declarations rather than imposing a mandatory obligation. The court directed authorities to reconsider taxpayers' requests pending resolution.
The Gujarat High Court ruled that clicking and sharing photographs of an exam paper via WhatsApp does not breach privacy under the IT Act. This decision highlights the court's interpretation of privacy in digital communication.
The Reserve Bank of India has released draft directions on revised instructions concerning Net Open Position for regulated entities, seeking stakeholder input.
The Reserve Bank of India has announced an amendment regarding the identification of Non-Banking Financial Companies (NBFC-UL) and inclusion of government-owned entities in this classification.
The Reserve Bank of India has announced a Variable Rate Repo auction under the Liquidity Adjustment Facility for June 25, 2026, as part of its measures to manage liquidity in the system effectively.