The term “Artificial Intelligence” (AI) coined in the 1950s is now decades later becoming a part & parcel of our “Natural world”.  It is a transformative technological force shaping both our public & private spectrums worldwide. The seamless integration of AI is a blessing and boon at same time in terms of enhanced governance, medical care, crime surveillance but challenging in terms of individual freedom, societal norms and human rights. This Research paper delves into interaction of AI with our society & Legal frameworks in India and further describes the dual role of AI as a facilitator of Human Rights protection and as a potential source of risk. In Indian Legal domain, there have been ongoing efforts to tackle this transformative technological force. The legislative provisions primarily in force are the Digital Personal Data Protection Act, 2023, Bharatiya Nagarik Suraksha Sanhita, 2023, the Information Technology Act, 2000, the Bharatiya Sakshya Adhiniyam, 2023, India AI Governance Guidelines, and sector-specific guidelines. The Bharatiya Sakshya Adhiniyam, 2023, which replaced the Bharatiya Sakshya Adhiniyam, 2023, substantially carries forward the evidentiary framework while expressly modernising the treatment of electronic and digital records. However, with quick-moving advances, there is a dire need of a holistic legislation focused solely on AI to regulate it and protect Human rights. The doctrinal and empirical research methods used herein have highlighted the gaps in the legal framework in specific arenas of interaction of AI with society. In regard to the gap analysis, the paper proceeds to suggest measures which could address the gaps where Regulatory coverage is necessitated. The rule-making in this regard should create space for AI to develop and also ensure protection of Human interest. A holistic Legislative Framework envisaged in this paper would lead to development of an AI inclusive ecosystem that tackles nuances of this transformative technology and helps in overall upliftment of our society.