AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The ITAT restored an appeal relating to additions on poultry farm lease rent, ruling that the taxpayer's ill health constituted sufficient grounds for failing to respond to a show cause notice (SCN). This ruling underscores the importance of context in tax appeal procedures.
The RBI announces an auction for Government of India Treasury Bills, detailing amounts and auction dates for May 2026.
The RBI has officially announced the withdrawal of ₹2000 notes from circulation, with deposit facilities available until October 7, 2023.
This week's SpicyIP review covers notable developments in Indian copyright doctrine, including the Delhi HC ruling in Bansal v. Philips and an evolving perspective on personality rights. The review highlights critical case summaries and ongoing discussions in IP law.
This article dives into the historical significance of the French language in the Berne Convention and its implications for international copyright law. It underscores the importance of understanding linguistic nuances in legal texts.
This article outlines the legal framework governing the buyback of shares, detailing procedural requirements, statutory compliances, and the conditions under which buybacks are permissible.
This article details conditions under which private companies may utilize MCA exemptions for borrowing, focusing on approval thresholds and scenarios requiring shareholder consent.
The article provides insights into the approval process required for related party transactions under the Companies Act and SEBI regulations, outlining a practical framework for compliance.
Recent NCLT decisions indicate that procedural rules should not impede the conversion of a share capital company into a guarantee company under Section 18, where substantive provisions permit such changes.
This article delves into the importance of founder agreements in venture-backed companies, focusing on equity allocation, management roles, and exit strategies. It emphasizes their critical role in reducing disputes and ensuring stable governance.
A recent discussion emphasizes the necessity for CA students to revisit their professional conduct code, not merely as a requirement but as a crucial aspect of their future professional integrity.
The NCLAT confirmed that the remuneration for Interim Resolution Professionals (IRP) should be based on actual work, rather than just the duration of appointment. This reinforces the importance of performance-based remuneration in insolvency proceedings.
The ITAT remanded a case back to the assessing officer for reassessment following the submission of new evidence regarding loan repayments, emphasizing the need for comprehensive examination of evidence.