AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The ITAT ruled that evidence from documents seized from a third party is insufficient for tax assessments, emphasizing that entries from third parties cannot be deemed credible without the taxpayer's knowledge.
The Reserve Bank of India has published amendments to the investment portfolio guidelines for local area banks, enhancing compliance requirements.
The Reserve Bank of India has amended the governance guidelines affecting urban co-operative banks regarding their investment portfolios, promoting transparency and compliance.
The Reserve Bank of India has released amendments to the governance of rural co-operative banks' investment portfolios, stressing compliance with updated financial regulations.
The Reserve Bank of India has updated the classification, valuation, and operation directives for the investment portfolios of regional rural banks, enhancing compliance frameworks.
The Reserve Bank of India has implemented its sixth amendment to the prudential norms on capital adequacy, ensuring compliance with updated regulatory requirements.
The Reserve Bank of India has announced a significant sixth amendment to the financial statements guidelines for commercial banks, enhancing regulatory compliance and disclosure standards.
The Reserve Bank of India's recent third amendment to the Directions concerning the financial statements of local area banks introduces critical updates to presentation and disclosure standards.
The RBI has released data on sectoral deployment of bank credit as of March 2026, noting a year-on-year growth of 15.9% in non-food bank credit.
The RBI has announced the final redemption details for Sovereign Gold Bond 2018-19 Series-I, due on May 4, 2026, including the redemption price calculation method.
The Reserve Bank of India has published its 46th half-yearly report on the management of foreign exchange reserves as of March 2026, promoting transparency and governance.
The Indian government’s new IP registration fee waiver for sports raises key questions about ownership and control within sports culture, challenging existing norms in IP law.
The SpicyIP Weekly Review covers recent updates in Indian copyright doctrine, notable rulings including Bansal v. Philips, and evolving interpretations of personality rights, essential for practitioners to stay informed of the changing landscape.