Bombay High Courttax
Bombay HC: Infrastructure Work Eligible for S. 80-IA(4) Deduction
Bombay HC allows deduction under Section 80-IA(4) for infrastructure development activities, affirming eligibility of eligible projects.
Sep 27, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Latest Articles
Telangana High Courttax
Telangana HC: Participation Bars Challenge to Jurisdiction u/s 127
Taxpayers who sought centralisation and participated in proceedings can’t later challenge jurisdiction transfer under Section 127.
Sep 27, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT: SBI Not Liable for TDS Default on LFC Payments
ITAT rules SBI not in default for TDS on LFC payments as it acted per instructions; travel outside India breaks taxability chain.
Sep 27, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT: S. 69 Cannot Apply to Books-Recorded Investments
ITAT deletes ₹126.58 lakh addition, holding that Section 69 cannot treat duly recorded investments as unexplained merely due to source inquiries.
Sep 27, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT: 10% Stamp Duty Tolerance Is Retrospective
ITAT deletes ₹3.77 lakh addition, holding 10% tolerance band between stamp duty value and consideration is curative and applies retrospectively.
Sep 27, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT: Rectified Defective Return Relates Back to Original Date
ITAT quashes Rs. 6.39 crore addition, holding time-barred notice under Section 143(2) as defective return retains original filing date for limitation.
Sep 27, 2026Read more →
corporatecapital_markets
Shardul Amarchand Advises Lead Managers on Bharat Forge ₹2,000 Crore QIP
Shardul Amarchand Mangaldas advised lead managers on Bharat Forge’s ₹2,000 crore qualified institutional placement, facilitating swift capital raising via equity issuance.
Sep 26, 2026Read more →
corporatebanking
Khaitan & Co Advises Reliance on ₹12,000 Crore NCD Issuance
Khaitan & Co has advised Reliance Industries on a ₹12,000 crore private placement of non-convertible debentures, listed on BSE and NSE, carrying a 7.47% coupon rate.
Sep 26, 2026Read more →
Karnataka High Courtcriminalproperty
Karnataka HC Quashes Case Against Le Meridien for Unauthorised Hoarding
The Karnataka High Court has quashed criminal proceedings against Le Meridien hotel and its executive for an allegedly unauthorised hoarding, holding that the prosecution failed to establish sanction and proper notice.
Sep 26, 2026Read more →
Reserve Bank of Indiabankingcorporate
RBI Tightens Investment Portfolio Rules for Commercial Banks
Third Amendment Directions, 2026 enhance clarity on fair valuation of investments for commercial banks.
Sep 26, 2026Read more →
Reserve Bank of Indiabankingfintech
RBI Updates Investment Rules for Payments Banks
Second Amendment Directions, 2026 refine investment portfolio norms for Payments Banks to ensure fair valuation practices.
Sep 26, 2026Read more →
Reserve Bank of Indiabankingcorporate
RBI Amends Investment Valuation Norms for Small Finance Banks
Second Amendment Directions, 2026 update fair valuation practices for Small Finance Banks' investment portfolios.
Sep 26, 2026Read more →
Reserve Bank of Indiabankingcorporate
RBI Amends Investment Portfolio Rules for All India Financial Institutions
RBI revises investment portfolio norms for All India Financial Institutions to enhance market valuation clarity and uniformity.
Sep 26, 2026Read more →