Income Tax : This highlights the ambiguity in classifying AI-generated income under existing tax provisions. It explains how classification imp...
Corporate Law : Over-reliance on AI tools can lead to errors, data risks, and poor decisions. The key takeaway is to balance AI use with human exp...
Corporate Law : The policy limits AI to administrative and research roles while prohibiting its use in judgments or legal reasoning. It reinforces...
Income Tax : The article explains how AI-driven systems identify complex fraud patterns missed by manual audits. The key takeaway is that autom...
Corporate Law : The issue concerns changing consumer behaviour in food discovery. The article explains that AI-generated videos help restaurants c...
CA, CS, CMA : The message underscores how technological advancements like AI and digital finance are reshaping the profession. It highlights the...
Fema / RBI : The government informed Parliament that mule accounts are increasingly used in cyber frauds. RBI has introduced AI-based tools and...
Income Tax : The Income Tax Department conducted surveys across multiple cities after AI analysis revealed significant discrepancies between tr...
Corporate Law : India expands affordable AI access through subsidised compute, national datasets, and large-scale infrastructure. The initiative 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...
Goods and Services Tax : The High Court flagged serious flaws in a GST adjudication order that cited non-existent and unrelated judgments. It indicated the...
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...
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.
Analysis of AI weaponization and the UN’s effort to regulate “killer robots.” Explores legal and ethical challenges, IHL accountability gaps, and the need for a binding treaty on Autonomous Weapons Systems.
Analysis of Google’s $10 billion data-center plan and India’s infrastructure challenge. Focuses on the need to stabilize power, streamline land approval, and fix the compute supply chain.
India aims to build semiconductor manufacturing capacity despite 95% import dependence. Details $10B Mission, supply chain risks, infrastructure gaps, and global strategy.
Agentic AI systems are reshaping finance by enabling autonomous decision-making in banking, insurance, and compliance. Learn about hybrid models and governance needs for this new technology.
A practical guide to integrating AI into internal auditing, covering its applications in risk assessment, fieldwork, reporting, and continuous monitoring for efficiency.
