Calcutta High Court Upholds ITAT Order Allowing NBFC To Set Off Share Trading Losses Against Interest Income

The Calcutta High Court has dismissed the income tax department's appeal against an ITAT order allowing an NBFC to set off losses described by the department as penny stock trades against its interest and other income. The Court held that the case raised no substantial question of law. A Division Bench of Justice Rajarshi Bharadwaj and Justice Uday Kumar said the department had failed to produce any direct or substantial evidence to support its case. It found that the allegation that the...

Orissa High Court Quashes ₹8.62-Crore Ex-Parte GST Demand Against Jindal Steel

The Orissa High Court has set aside an ex-parte GST demand raised against Jindal Steel Limited, holding that mere uploading of notices under the “Additional Notices/Orders” tab on the GST portal does not constitute valid service and violates principles of natural justice.A Division Bench comprising Chief Justice Harish Tandon and Justice Murahari Sri Raman found that the taxpayer was deprived of a meaningful opportunity to participate in the proceedings before the State Tax Officer.The court...

Interest For Delayed Possession Under RERA Can't Be Waived Through Private Settlement: Allahabad High Court

The Allahabad High Court has recently held that a private settlement between a promoter and a homebuyer cannot override mandatory statutory obligations under the Real Estate (Regulation and Development) Act, 2016. Dismissing an appeal filed by the Lucknow Development Authority, a single bench of Justice Prashant Kumar upheld an order directing payment of statutory interest to a buyer for delay in handing over possession of a flat.The court said the law leaves no scope for promoters to avoid...

MP High Court Asks GST Fraud Accused To Share Google Map Location With Investigators As Bail Condition

The Madhya Pradesh High Court has granted anticipatory bail to an accused in a GST fraud case but with a strict condition. The court has ordered him to share his location with investigators by dropping a Google Map pin, warning that any breach would cancel the protection. Justice Sandeep N. Bhatt passed the order on January 15, 2026, while allowing the anticipatory bail plea filed by Dheeraj Gupta. The Court said custodial interrogation was not warranted at this stage and observed that...

Supreme Court Upholds Gujarat High Court Order Quashing Adani Power's Income Tax Reassessment Notice

The Supreme Court has refused to interfere with a 2024 Gujarat High Court ruling that quashed a reassessment notice issued to Adani Power Limited for the 2014–15 assessment year. A bench led by the Chief Justice of India, Surya Kant, and comprising Justices Joymalya Bagchi and Vipul M. Pancholi said the High Court's view “warrants no interference at all.” The court declined to condone a delay of 426 days in filing the petition. It said the explanation offered by the tax department was...

Delhi High Court Upholds Modified Arbitral Award In Prasar Bharati Cricket Broadcast Dispute With Overseas Marketer

The Delhi High Court has dismissed cross-appeals by Prasar Bharati and Stracon India Ltd, an overseas sports marketing company, upholding a single judge's ruling that only seven days of international cricket were missing under their BCCI broadcast marketing contract, and not seventeen as awarded by the arbitrator. A Division Bench of Justice Navin Chawla and Justice Madhu Jain agreed with the Single Judge that the arbitrator had wrongly excluded a 10-day India–Australia–New Zealand Triangular...

Delhi High Court Revives ITC's Challenge To Philip Morris's Non-Tobacco Nicotine Patent

The Delhi High Court has revived ITC Limited's challenge to a Philip Morris patent covering a non-tobacco nicotine product after setting aside a 2024 Patent Office order that had rejected ITC's opposition.In a judgment dated January 12, 2026, Justice Jyoti Singh allowed an appeal filed by ITC, holding that the impugned order suffered from a lack of independent application of mind and was largely a verbatim reproduction of the patentee's submissions and the recommendations of the Opposition...

Delhi High Court Orders Perjury Complaint Against Walmark Officials In Fortis Arbitration Case

The Delhi High Court has directed its Registrar General to lodge a criminal complaint for perjury against two officials of Walmark Holdings Limited for making false statements and swearing affidavits before the court in an arbitration-related dispute with Fortis Healthcare Limited. The court held that this was a fit case to invoke its powers under the Criminal Procedure Code for making false statements and swearing affidavits. “I am of the prima facie view that a fit case has been made out on...

Commercial Court Cannot Dismiss Non-Commercial Suit; Must Return Plaintiff: Delhi High Court

The Delhi High Court has held that when a commercial court finds that a dispute does not qualify as a “commercial dispute” under the Commercial Courts Act, it cannot dismiss the suit on that ground and must instead return the plaint so that the litigant can approach the appropriate civil court. A Division Bench of Justice Anil Kshetarpal and Justice Amit Mahajan set aside a Commercial Court order that had dismissed a recovery suit filed by former employee Pramod Kumar against Gannon...

Delhi High Court Sets Aside Rejection Of Comforter System Patent, Orders Fresh Review

The Delhi High Court has set aside a Patent Office order rejecting a patent application filed by Jesal Vimal Jetha for a therapeutic comforter system, holding that the refusal suffered from procedural infirmities and violation of principles of natural justice for non-consideration of applicant's responses to subsequent objections raised by Patent Office.Justice Tushar Rao Gedela delivered the judgment on January 23, 2026, while allowing an appeal against a 2020 order by which the Patent Office...

Supreme Court Orders Status Quo, Asset Disclosure In IMAX–E-City Arbitration Dispute

The Supreme Court on Friday ordered the E-City group to maintain status quo over all its assets and disclose details of its movable and immovable properties while taking up a fresh challenge to the Bombay High Court's decision that revived enforcement of foreign arbitral awards in favour of IMAX Corporation. A bench of Justices J B Pardiwala and K V Viswanathan issued notice on a special leave petition filed by E-City Real Estates Pvt. Ltd. and another group entity, challenging the Bombay High...

Delhi High Court Awards ₹81 Lakh to Merck, Sun Pharma In Diabetes Drug Patent Infringement Case

The Delhi High Court on Friday awarded over Rs 81 lakh in damages and costs to US-based pharmaceutical company Merck Sharp & Dohme Corp. and its Indian licensee, Sun Pharmaceutical Industries Ltd., in a patent infringement suit concerning the anti-diabetic drug Sitagliptin and its pharmaceutical combinations.In a judgment dated January 23, 2026, Justice Tushar Rao Gedela decreed the suit in favour of the pharmaceutical companies, holding that unauthorized manufacture and export of the...