AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has initiated its annual survey on Computer Software and IT Services Exports for the fiscal year 2025-26, aimed at enhancing data collection for external sector statistics.
The RBI has launched its annual survey on Foreign Liabilities and Assets of Mutual Funds, aiming to gather crucial data on external financial conditions for the fiscal year 2025-26.
In a noteworthy ruling, the Saket District Court recognized independent artist Anamika Sood as the rightful owner of her song 'Ferrareee,' rejecting prior infringement claims from Saregama related to expired copyright. The case highlights ongoing concerns regarding misuse of copyright enforcement.
The Karnataka High Court granted anticipatory bail to a mother implicated in her son's serious allegations, including rape and forced religious conversion of his wife, marking a complex intersection of criminal law and family matters.
The Allahabad High Court ordered the immediate restoration of a woman's blocked mobile number, criticizing the UP Police for acting on a false complaint from her husband. The court highlighted the necessity for police to handle citizen complaints with due diligence.
SEBI has proposed relaxing call recording obligations for Research Analysts regarding institutional clients, aiming to reduce compliance burden.
Understanding how to identify material subsidiaries under SEBI's LODR regulations is crucial, particularly in cases of negative net worth.
SEBI revised its methodology for calculating household savings via the securities market, significantly altering the Gross Savings-to-GDP ratio for FY 2024-25.
The Supreme Court has clarified that limitation cannot be treated as a preliminary issue under Section 9A of the CPC as it doesn’t affect the court’s jurisdiction to entertain a suit.
The NCLT has admitted an insolvency petition under Section 7, confirming financial debt and default exceeding ₹7.47 crore. This ruling emphasizes adherence to the IBC framework in insolvency proceedings.
The ITAT has determined that a notice under Section 148 issued by a Jurisdictional Assessing Officer rather than a Faceless Assessing Officer necessitates fresh adjudication. The tribunal emphasized the procedural importance of issuing such notices correctly.
The ITAT has annulled a ₹2.82 lakh addition made under Section 68, emphasizing that suspicion cannot replace solid evidence in share transactions. The judgment affirms the validity of the trades backed by credible records.
The Income Tax Appellate Tribunal (ITAT) has deleted an addition of ₹1.12 crore under Section 69A, concluding that the referenced bank-recorded loans were genuine. The tribunal stated that the reassessment grounds became academic following this deletion.