
Anticipatory Bail to Accountant in Wrong GST Upload Case
Patna HC grants anticipatory bail to part-time accountant accused of uploading incorrect GST bills, noting lack of financial benefit.
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.

Patna HC grants anticipatory bail to part-time accountant accused of uploading incorrect GST bills, noting lack of financial benefit.

Punjab and Haryana High Court ruled a 31-year-old ammonia storage tank is plant and machinery, not a building, and thus exempt from house tax.

The NCLT admitted an insolvency petition against a corporate debtor, finding the demand notice demonstrated clear intention to enforce personal liability of guarantors. Reliance placed on Innoventive Industries precedent.

The NCLT ruled that absence of a separate postal receipt or acknowledgement does not invalidate a demand notice under Section 8 of the IBC, provided other proof of service exists. Service via registered post with postal indices suffices.

The National Company Law Tribunal (NCLT) held that leasehold rights in land constitute assets of a corporate debtor, allowing an interim application in insolvency proceedings. The ruling clarifies the scope of 'assets' under the IBC during liquidation.

The Income Tax Appellate Tribunal (ITAT) has quashed the Assessing Officer's rejection of a deduction for lack of documentary evidence, directing a fresh adjudication after examining the annual accounts.
The RBI has amended the sanctions list under Section 51A of the UAPA, 1967, concerning the Taliban. This update further aids financial institutions in adhering to international obligations related to anti-terrorism financing.
The RBI has updated its guidance related to the implementation of Section 51A of the UAPA, 1967, concerning sanctions linked to Al-Qaida and ISIL. This amendment will impact financial institutions in their compliance efforts regarding anti-terrorism financing.
The Delhi High Court offers insights on navigating jurisdictional issues within the digital realm in Hindustan Unilever Limited v Kwick Living.
The Calcutta High Court asserts that Hotel Appolo must obtain an IPRS license for broadcasting music to guests, reinforcing copyright law in hospitality services.
In a significant ruling, the Delhi High Court provides clarity regarding the scope of protection for well-known trademarks, emphasizing their cross-category safeguarding.
SEBI has updated position limits for commodity derivatives and revised penalty provisions and definitions effective immediately. This move aims to enhance market integrity and compliance.
SEBI has released a consultation paper proposing revisions to director eligibility and operational protocols for key executive positions in Market Infrastructure Institutions (MIIs). This initiative aims to enhance governance standards in the sector.