LiveLawBiz Direct Tax Weekly Round-Up: October 05 - October 11, 2026

SUPREME COURTSupreme Court Refuses To Interfere With Delhi HC Order Reading Down CBDT Circular On AIF TaxationCase Title : THE CENTRAL BOARD OF DIRECT TAXES VS. EQUITY INTELLIGENCE AIF TRUST Case Number : DIARY NO. - 2801/2026The Supreme Court on Wednesday refused to interfere with the Delhi High Court judgment reading down CBDT Circular No.13/2014 concerning taxation of Category-III Alternative Investment Funds (AIFs) at the Maximum Marginal Rate (MMR). Allowing Equity Intelligence's writ...

Andhra Pradesh High Court Strikes Down Section 147A Of Income Tax Act As Unconstitutional

The Andhra Pradesh High Court on Monday struck down Section 147A of the Income Tax Act, 1961, as unconstitutional. Introduced retrospectively through the Finance Act, 2026, the provision clarifies that Jurisdictional Assessing Officers (JAOs), rather than the National Faceless Assessment Centre or an assessment unit, can act as the Assessing Officer for issuing reassessment notices under Sections 148 and 148A.A division bench of Justice Ninala Jayasurya and Justice T.C.D. Sekhar held that the...

LiveLawBiz: Corporate Legal News Daily Round-Up: October 12, 2026

IBCDisputed Interest Does Not Bar Section 9 IBC Plea If Principal Debt Exceeds ₹1 Crore: NCLT AllahabadHomebuyer Insolvency Threshold Must Be Based on Actual Bookings, Not Proposed Units: NCLT KolkataNCLT Admits Siemens Financial Services' Plea Against Personal Guarantor, Says Prior CIRP Not RequiredDissenting Secured Creditors Entitled To Minimum Payment Based On Security Value: NCLT MumbaiIPRDelhi High Court Sets Aside Refusal To Register 'COBBLE STONE' TrademarkDelhi High Court Restrains...

LiveLawBiz IBC Weekly Digest: October 5 - October 10, 2026

SUPREME COURTSupreme Court Allows Creditor Who Suffered 99.28% Haircut In CIRP To Claim Full Set-Off In ArbitrationCase Title : Modern Asset Versus KNK Construction Private Limited. Case Number : Special Leave Petition (C) No.25068 of 2026 CITATION : 2026 LLBiz SC 329The Supreme Court has held that an operational creditor who suffered a 99.28% haircut under an approved resolution plan can use its entire ₹12.26 crore claim to set off amounts found payable to a successful resolution applicant...

How A Nation Taxes Its People Reflects Who Deserves Liberty, Right To Love: Same-Sex Partners Tell Karnataka HC In Tax Exemption Case

A same-sex couple has argued before the Karnataka High Court that the Income Tax law effectively makes them pay tax for expressing love for their partners, while married couples can exchange gifts without the same tax burden. Arguing that a nation's tax laws reflect the values it upholds, Advocate Dr. Dhruv Janssen Sanghvi, in a rejoinder, appearing for Anurag Kalia and Akhilesh Godi, a same-sex couple, submitted that excluding same-sex partners from the gift-tax exemption available to spouses...

LiveLawBiz RERA Cases Weekly Digest: October 5 - October 10, 2026

NOMINAL INDEXRensar Infra Private Limited v. Rais Kasam Shaikh & Ors., 2026 LLBiz HC (BOM) 550 M/s Selene Estates Limited v. M/s Green Apartment Owners Welfare Association – Jalladianpettai & Others, 2026 LLBiz REAT (RJ) 76 Sachin Prakash Dhavle, Authorised Partner, M/s P.R. Builders & Developers v. Maharashtra Real Estate Regulatory Authority & Ors., 2026 LLBiz REAT (RJ) 75 Vikas Gupta v. IREO Waterfront Private Limited & Anr., 2026 LLBiz RERA (PB) 148 Cherukuri Hema...

LiveLawBiz Arbitration Cases Weekly Digest: October 5 - October 10, 2026

NOMINAL INDEXIngram Micro India Private Limited v. Best Hawk Infosystems Private Limited, 2026 LLBiz HC (BOM) 556 VVAA Films Private Limited v. DUNE Collective LLP, 2026 LLBiz HC (BOM) 555 R.A. Ghule, through its Sole Proprietor Rajabhau Apparao Ghule v. Sinnar Municipal Council & Ors., 2026 LLBiz HC (BOM) 552 Girish Narang v. Virendra Arora & Ors., 2026 LLBiz HC (BOM) 560Empire Realty v. Virani Tower Cooperative Housing Society Ltd. & Ors., 2026 LLBiz HC (BOM) 548 Small...

LiveLaw Biz | Top 10 Corporate & Business Law Stories From Last Week

SAT Sets Aside Order Allowing Chanda Kochhar Access To ICICI Bank's Internal Portal In Videocon CaseThe Securities Appellate Tribunal has set aside its earlier direction permitting former ICICI Bank Managing Director and Chief Executive Officer Chanda Kochhar to inspect the Bank's Secretarial Portal and access electronic data stored on its servers and devices in connection with the ICICI Bank-Videocon Group matterPopular Finance Scam: NCLT Kochi Orders Winding Up Of 14 Group EntitiesThe National...

Supreme Court Directs MMRDA To Deposit ₹646 Crore With Registry In Reliance's BKC Project Dispute

The Supreme Court on Monday directed the Mumbai Metropolitan Region Development Authority (MMRDA) to deposit approximately ₹646 crore with the Supreme Court Registry by November 6, 2026. The amount was earlier deposited by Reliance Industries Ltd. under protest towards a disputed demand for additional premium over an alleged delay in completing its Bandra Kurla Complex project. A Bench of Justices Dipankar Datta and Sheel Nagu issued notice on MMRDA's challenge to the Bombay High Court's April...

LiveLawBiz: Corporate Legal News Daily Round-Up: October 10, 2026

IBCNCLT Ahmedabad Rejects Toyota Financial's ₹23.20 Crore Claim Against Blu-Smart Over 150 Undelivered VehiclesNCLT Ahmedabad Admits Sharanam Infraproject To CIRP Over ₹10.35 Crore Debt, Rejects Restructuring PleaNCLT Ahmedabad Admits Insolvency Plea Against Gujarat Toolroom Over ₹26.20 Crore DuesTAXIncome Tax Department Cannot Wait For Certified Copy When Digitally Signed Order Is Available: Bombay High CourtMadras High Court Rules In Favour Of Mahindra Holidays On ₹158 Crore Membership Fees,...

ED Moves Supreme Court Against Order Quashing FIR, ED Case Against NewsClick, Prabir Purkayastha

The Enforcement Directorate (ED) has moved the Supreme Court challenging the Delhi High Court's decision to quash the FIR against digital news platform NewsClick and its founder, Prabir Purkayastha. The High Court had also quashed the money laundering proceedings arising from allegations of irregularities in foreign funding.The special leave petition filed by ED on October 8 is yet to be listed before the Supreme Court. The challenge is against the High Court order by Justice Neena Bansal...

NCLT Mumbai Suspends One Court Due To Vacancies, Redistributes Pending Cases

The National Company Law Tribunal (NCLT) has suspended the functioning of Court No. VI at its Mumbai Bench from October 13 until further orders, citing vacancies in Member posts. Pending cases will be redistributed among the bench's five other courts. In an order dated October 9, issued with the approval of the NCLT President, the tribunal directed the transfer of all cases pending before Court No. VI to Courts I to V. The redistribution covers insolvency proceedings under Sections 7, 9, 10...