HC: Dismisses criminal complaints basis unauthenticated DTAA data; No adverse inference from non-signing of 'Consent Waiver'

• In Favour of Assessee
• Citation Number : TS-1010-HC-2025(DEL)

RBI keeps policy repo rate unchanged at 5.5%

ITAT: MAT addition on share of loss from partnership firm impermissible sans express provision

• In Favour of Assessee
• Citation Number : TS-1011-ITAT-2025(Mum)

President Trump says even "zero tariffs" not good enough till India buys Russian oil

HC: Upholds civil suit’s validity in property sale dispute under FERA, given no bar u/s 31

HC: FERA proceedings not barred by Settlement Commission's order; Rejects discharge plea, denies immunity

Govt. appoints 33 Technical Members to GST Appellate Tribunal

HC: No refund can be granted unless cancelled GST registration is restored

• In Favour of Respondent
• Citation Number : TS-686-HC(DEL)-2025-GST

ITAT: Compensation paid on cancellation of ‘agreement to sale’, allowable as cost of improvement

• In Favour of Assessee
• Citation Number : TS-1009-ITAT-2025(Bang)

NCLT: Approves bonus preference share issue of TVS Motor Company

ITAT: TPO's notional interest not taxable under India-Germany DTAA Article-11 as 'interest paid'

• In Favour of Assessee
• Citation Number : TS-444-ITAT-2025(Mum)-TP

ITAT: Reimbursement to parent co. towards ESOP & ISOP allowable expense u/s 37(1)

• In Favour of Assessee
• Citation Number : TS-1008-ITAT-2025(Mum)

ITAT: Dismisses assessee’s appeal as withdrawn in light of settlement under DTVSVS

• In Favour of None/NA
• Citation Number : TS-443-ITAT-2025(Mum)-TP

ITAT: Adjudicates TP-adjustments qua investment advisory & support services, ITeS for Goldman Sachs

• In Favour of Both, Partially
• Citation Number : TS-448-ITAT-2025(Mum)-TP

ITAT: Deletes TP-adjustment made for reimbursement of expenses, issue being similar as in preceding years

• In Favour of Assessee
• Citation Number : TS-446-ITAT-2025(Mum)-TP

SC Ruling on Hyatt – Redefining PE contours

ITAT: Rules income from scrap sales as operating, linked to assessee’s main manufacturing activity

• In Favour of Assessee
• Citation Number : TS-447-ITAT-2025(CHNY)-TP

HC: Merely adding prefix/suffix doesn’t make mark 'distinct'; Holds ‘Cordelia Inn’ deceptively-similar to ‘Cordelia Cruises’

PMLA Round-Up – July, 2025

HC: Quashes Sec. 148 notices issued beyond 'surviving time' as mandated by SC in Rajeev Bansal

• In Favour of Assessee
• Citation Number : TS-1007-HC-2025(GUJ)