Corporate Law : Examines whether works created using generative AI meet India’s legal standards of originality and authorship under existing cop...
Corporate Law : Examines AI’s impact on revenue projections, cost structures, and long-term valuation assumptions. Takeaway: AI can enhance anal...
CA, CS, CMA : Explains why financial institutions must shift from periodic audits to embedding continuous controls in AI systems. Key takeaway: ...
Corporate Law : This explains how AI allows auditors to examine entire transaction populations instead of samples. The key takeaway is improved au...
Goods and Services Tax : The Court held that presumptions under Sections 132(4A) and 292C of the Income Tax Act apply only to income-tax proceedings. GST a...
Income Tax : The Ministry of Finance details how AI tools are enhancing tax compliance. The use of AI for e-verification and targeted campaigns...
Corporate Law : The government has no plans to revise the ₹5,000 tax limit for preventive health check-ups. AI-based health initiatives focus on...
Corporate Law : To combat online financial fraud, RBI has launched an AI-based tool, ‘MuleHunter,’ to identify money mules and has advised fin...
Corporate Law : MCA V3.0 enhances digital corporate compliance with web filings & e-Adjudication. Over 60 lakh users benefit. CCI studies AI’s i...
Corporate Law : Over 21 lakh companies benefit from the MCA V3.0 portal. The Government has also commissioned a study on AI's impact on anti-compe...
Company Law : Bombay High Court held that revisionary order which set aside eviction order is not sustainable in law. Court also held that using...
Income Tax : Bombay High Court sets aside NFAC’s ₹27.91 crore assessment on KMG Wires Pvt. Ltd., citing non-consideration of key evidence a...
Income Tax : Bombay High Court directs tax revision for an AI-generated invalid return order lacking reasoning, stressing natural justice and h...
Corporate Law : In present facts of the case, the Hon’ble High court observed that ChatGPT cannot be the basis of adjudication of legal or factu...
SEBI : SEBI’s circular enables existing AIFs to convert to AI-only or LVF schemes, enhancing operational flexibility while requiring in...
Fema / RBI : The Reserve Bank of India has released a report outlining the FREE-AI framework, a set of principles and recommendations for the r...
Fema / RBI : RBI sets up a committee to create a framework for responsible AI use in the financial sector, focusing on governance, risks, and a...
Discover AI applications that streamline compliance, tax filings, and audits, helping CA firms save hours daily while improving accuracy.
Explains India’s fragmented AI regulatory landscape and highlights key legal uncertainties affecting liability, data use, discrimination and algorithmic decision-making.
Summarizing RBI’s FREE-AI framework: 7 principles (Trust, Fairness, Accountability) for AI governance in Indian banks and fintechs, focused on risk and compliance.
Generative AI fuels sophisticated frauds in India, including deepfake impersonation and smart phishing. Organizations must adopt layered defenses and AI-augmented security to counter evolving threats.
AI integration (GSTN, Project Insight, Faceless Assessment) is transforming Indian tax administration, improving fraud detection, but faces hurdles in infrastructure and ethics.
AI and ML are transforming GST administration in India. Learn how technology is used for real-time fraud detection, ITC verification, data reconciliation, and risk-based audit scoring.
The 2024 Buckeye Trust ITAT case exposed the risks of unverified AI use in law. Learn how fabricated citations and blended authorities led to an order’s withdrawal and a global warning on legal verification protocols.
Bombay High Court sets aside NFAC’s ₹27.91 crore assessment on KMG Wires Pvt. Ltd., citing non-consideration of key evidence and AI-based reliance on non-existent case law.
Courts and firms are harmed by AI-generated fake laws and citations. The Bombay HC, ITAT, and Deloitte incidents prove human verification is essential to maintain integrity.
A comparative look at personality rights in India, the US, and EU, examining the judicial response to deepfakes, AI, and commercial exploitation of identity, and the need for new IP laws.
