AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has launched the FCNR(B) Swap Scheme 2026, allowing NRIs to benefit from higher returns on 3-5 year deposits through a concessional forex swap. This initiative is critical for enhancing foreign investments and currency stability.
The Allahabad High Court has mandated the Bar Council of Uttar Pradesh to issue permanent enrolment numbers to advocates who pass the All India Bar Examination (AIBE) within four weeks of result admission. The court also directed police verification for these law graduates to expedite their enrolment.
The CBDT has exempted the District Legal Services Authority from income tax for FY 2026-27 on several income sources, promoting non-commercial legal services. This exemption is conditional on compliance with applicable regulations.
The Central Board of Direct Taxes (CBDT) has granted income tax exemption to the Haryana State Board of Technical Education, applicable retrospectively. This move is significant for educational institutions seeking financial relief.
The Income Tax Appellate Tribunal ruled that land designated for roads and gardens cannot be classified as closing stock under Section 145A of the Income Tax Act.
The Income Tax Appellate Tribunal determined that not consulting the Transfer Pricing Officer (TPO) regarding Arm's Length Price (ALP) is a procedural irregularity that can be cured.
The RBI reports a 14.4% year-on-year growth in credit deployment by non-banking financial companies (NBFCs) for June 2026, highlighting the strong credit demand in various sectors.
The RBI has announced the auction of Treasury Bills worth ₹9,000 Crore for 91-Day and ₹8,000 Crore for 182-Day, with the auction scheduled on August 12, 2026. Settlement will occur the following day.
Several State Governments, including Andhra Pradesh, are set to auction stocks amounting to ₹15,300 Crore in total. This auction includes several financial instruments with specific tenures, mainly focused on yield.
The discussion revolves around whether a taxpayer can be compelled to claim and reverse ITC not availed in GSTR-3B based solely on its appearance in GSTR-2B. This raises important questions regarding the interpretation of the GST framework and taxpayer rights.
Trilegal has advised Oxane Partners in securing a strategic investment from TA Associates. The firm conducted extensive due diligence to facilitate the transaction.
Satyaki Savarkar has requested a Pune court for a strict timeline regarding the ongoing cross-examination in his defamation case against Rahul Gandhi, citing mental anguish over delays in proceedings.
SNG & Partners has enhanced its national disputes practice by integrating MRM Legal’s advisory and dispute resolution capabilities to improve service delivery to clients across transactions and litigation.