AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India released data on External Commercial Borrowings and related instruments for June 2026. This includes information on ECBs, FCCBs, and RDBs.
The Delhi High Court upheld a Rs. 19.25 lakh tax addition, stating that a civil suit filed to cancel the sale deed was an afterthought, occurring only after a tax notice. This illustrates the court's stance on timely tax disclosures.
The Bombay High Court ruled that a sale certificate obtained under the Insolvency and Bankruptcy Code (IBC) does not attract stamp duty unless it is employed for a purpose beyond its original intent. This ruling offers clarity for industries affected by IBC transactions.
The Telangana High Court permitted an accused in a Customs Act false declaration case to transfer to a private hospital at personal expense for specialized medical treatment. This ruling highlights the court's consideration of health needs under legal circumstances.
The Allahabad High Court ruled that reassessment proceedings completed within two years of remand are not barred by limitation under Section 10A(2) of the Income Tax Act. This clarification has significant implications on the timelines for reassessment.
Justice Vikram Nath stated that oral remarks made by judges in court are rapidly shared on social media, often before they leave the court premises.
The CBDT has exempted the regulatory fees and grants received by Kerala RERA from income tax for the assessment year 2026-27, confirming no adverse effects on stakeholders.
The ITAT has partially accepted the appeal from a liquor retailer even though it had not maintained individual item stock registers, emphasizing the context of retail sales across multiple branches.
A detailed analysis on how delays in payments to micro and small enterprises affect tax deductions and reporting through Form 3CD as per section 43B(h) of the Income Tax Act.
The Income Tax Appellate Tribunal has agreed with the assessee's argument that certain deposits were sourced from prior income withdrawals, resulting in the deletion of income tax additions made by the tax authorities.
The Central Board of Direct Taxes (CBDT) released FAQs clarifying key proposed amendments to the Income Tax Act under the Taxation and Other Laws (Amendment) Bill, 2026, addressing taxpayer inquiries.
The RBI has published new directions for concurrent audit practices within commercial banks, aiming to strengthen oversight and compliance within the banking sector.
A comprehensive guide on incorporating a Limited Liability Partnership (LLP) in India has been released, detailing eligibility and registration processes.