AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Orissa High Court has permitted a truck owner to deposit outstanding taxes and apply for a waiver of penalties under the Odisha MV Tax Act. The court emphasized that its decision does not express any view on the merits of the case.
The Madras High Court ruled that there is no mandatory three-month gap required between the issuance of a GST Show Cause Notice and the issuance of an assessment order under Section 73. The court asserted that while a reasonable interval is necessary, it is not bound by a rigid statutory timeframe.
The Uttarakhand High Court denied exercising extraordinary jurisdiction in a case regarding house tax exemption claims, advising petitioners to approach the local civic body instead. The court emphasized that disputes over local municipal tax assessments should first be settled at the appropriate administrative level.
The Madras High Court dismissed a writ petition challenging an NBFC's SARFAESI auction and directed the borrower to approach the Debt Recovery Tribunal.
The Madras High Court dismissed a petition regarding GST refund and NPA classification, ruling that findings of the Ombudsman adequately addressed grievances.
The Kerala High Court directed an assessee to utilize statutory remedies concerning the challenge on income tax exemption for a stipend received by a medical PG student.
SEBI has revised the securities transmission framework, incorporating new thresholds and a 21-day processing timeline, effective from July 23, 2026, to streamline the transfer of securities.
The IBBI Disciplinary Committee has suspended an Authorized Financial Advisor (AFA) for three months due to lapses in filing and failure to cooperate with the Board. This suspension highlights the regulations surrounding insolvency practices.
The RBI has released an extract from its weekly bulletin detailing liabilities and assets, providing insight into monetary policy.
The RBI has announced an auction of Treasury Bills totaling ₹17,000 Crore slated for early August, providing government financing options.
The RBI has released data highlighting India's international trade in services, outlining exports and imports for June 2026.
The RBI has disclosed data on lending and deposit rates for scheduled commercial banks, indicating trends in rates that could influence banking practices.
The RBI has released data regarding money market operations, reflecting the financial nuances as of July 31, 2026. Key insights reveal trends in liquidity and monetary stability positions.