AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
ITAT ruled that deductions under Sections 80IB and 80HHC can be computed independently, provided the aggregate deduction does not exceed the eligible profits. This distinction is significant for taxpayers seeking to maximize their deductions.
The ITAT ruled that a real estate company cannot be classified as a shell entity solely because of its significant transactions and low initial profits. This decision clarifies the parameters for defining a shell entity in taxation.
The RBI has published lending and deposit rates for scheduled commercial banks, reflecting market trends as of April 2026.
The RBI has approved the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective May 4, 2026.
The RBI has published its 46th half-yearly report on the management of foreign exchange reserves as of March 2026, enhancing transparency.
The Indian government’s new fee waiver for sports-related IP registrations prompts a broader discussion on the ownership and commercialization of sports culture. This analysis contrasts the waiver with the state's role in subsidizing certain IP protections.
The Delhi High Court's ruling in the '20-20' trademark dispute highlights the conflict between registration priority and marketplace goodwill, leaving unanswered questions about the coexistence of identical marks in commerce.
The Saket District Court has ruled in favor of Anamika Sood, affirming her ownership of the song 'Ferrareee' and rejecting Saregama's expired copyright claims. This ruling highlights concerns over the misuse of copyright enforcement beyond legal protections.
The article discusses the implications of Section 169 regarding the removal of directors, emphasizing the need for procedural fairness to prevent abuse of power within corporate governance.
ROC Mumbai has imposed a fine for the possession of duplicate Director Identification Numbers, emphasizing strict compliance with Section 155 of the Companies Act.
The ROC held a director accountable for incorrect disclosures in AOC-4 filings, reinforcing the need for accuracy in statutory documents to avoid penalties.
ROC Mumbai has penalized a company and its directors for failing to maintain a functional registered office, emphasizing statutory compliance under Section 12(1) of the Companies Act.
The article analyzes the classification of Compulsorily Convertible Debentures under Ind AS 32 as financial liabilities, critiquing judicial interpretations that may not hold legal authority.