AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Actor Sayani Gupta has initiated a ₹9 crore defamation suit against filmmaker Vinita Negi, following allegations of plagiarism related to her project 'Aasmani'.
The Delhi High Court has provided clear guidelines for handling insufficiently stamped domestic arbitral awards. The court ruled that unilateral payments to address stamp duty shortfalls do not rectify defects post-signing.
The SAFEMA Tribunal has lifted the PMLA attachment on ₹161.22 crore after determining that no predicate offence existed to justify the attachment.
A CBI Court has convicted a bank manager and multiple borrowers for conspiracy and cheating in a ₹2.82 crore loan fraud case, with forgery charges being dismissed.
The Madras High Court has held that interest earned by a charitable trust from fixed deposits of Self-Help Group funds is taxable, where no specific instructions were given by the donors.
The Calcutta High Court upheld the ITAT ruling that extraordinary contributions to superannuation funds made to cover actuarial deficits are not limited by Rule 87. The court deleted a Rs. 648.84 crore disallowance.
The ITAT ruled that income tax additions under Section 68 were unwarranted where unsecured loans and share capital were already disclosed in audited financials. This ruling led to the deletion of Rs. 3.25 crore additions.
The Madras High Court ruled that taxpayers facing technical difficulties uploading their Income Tax Returns (ITR) could substantiate their claims using digital evidence, enabling them to access the portal. This decision quashed an income tax demand order.
The Bombay High Court has upheld the transfer of winding-up proceedings to the NCLT, deeming the sale of assets by secured creditors as non-obstructive to revival efforts.
The Madras High Court held that a significant increase in share price alone cannot render long-term capital gains as bogus, affirming the eligibility for income tax exemption under Section 10(38).
The Karnataka High Court ruled that appeals against orders from the Income Tax Appellate Tribunal (ITAT) can only be filed before the High Court with jurisdiction over the Assessing Officer who issued the assessment order.
The Calcutta High Court upheld the ITAT ruling that extraordinary contributions to superannuation funds to cover actuarial deficits are not subject to the ceiling under Rule 87 of the Income Tax Rules, resulting in the deletion of a Rs. 648.84 crore disallowance.
The Calcutta HC ruled that failing to notify a show-cause notice on the GST portal violates principles of natural justice, leading to the annulment of a bank attachment.