AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Orissa High Court quashed reassessment proceedings initiated 17 years post the relevant tax period, ruling them time-barred under the Odisha Entry Tax Act.
The Ministry of Corporate Affairs has announced a waiver of late fees for filing Form DPT-3 until July 31, 2026, due to disruptions caused by a recent data center fire. This extension provides relief to companies in fulfilling their compliance obligations.
NCLT Kolkata upheld a winding-up petition filed by the SFIO through a government-authorized officer, affirming the validity of such petitions under the Companies Act. This ruling clarifies the authority of SFIO in corporate insolvency matters.
The NCLT has permitted the Palco amalgamation scheme while requiring the company to hold meetings of equity shareholders, citing insufficient evidence for dispensation. This ruling clarifies the obligations under corporate amalgamation procedures.
In light of recent disruptions due to a data center fire, the Ministry of Corporate Affairs (MCA) has extended the deadline for DPT-3 filings until July 31, 2026.
The CBIC has released revised guidelines to standardize data entry procedures within the DIGIT system, aimed at enhancing consistency and efficiency across the platform.
The Institute of Chartered Accountants of India (ICAI) is enrolling 25 CA firms under the PM Internship Scheme aiming to create 2,000 internship opportunities, fostering practical training in the field.
The Institute of Chartered Secretaries and Administrators (ICSI) has mandated members to update their personal contact details to ensure effective communication. The use of common mobile numbers and email IDs is prohibited to facilitate seamless authentication.
In a significant ruling, the NCLT has initiated insolvency proceedings against Evoq Remedies for failing to deliver goods worth ₹1.95 crore, marking a critical development in the enforcement of commercial obligations.
A recent CBDT webinar attracted over 1,100 international participants, focusing on India's evolving tax regulations. The discussion encompassed cross-border cooperation and upcoming reforms under the new Income-tax Act and Rules.
The Reserve Bank of India has updated the guidelines for the Lead Bank Scheme, reinforcing its operational framework aimed at facilitating credit access.
The RBI has released minutes from the Monetary Policy Committee meeting held from June 3 to 5, 2026.
The RBI has published its Weekly Statistical Supplement Bulletin, detailing liabilities and assets as of June 12, 2026.