Calcutta-HC to examine belated DRC-03 amendment without prior plea before AA; Seeks Revenue’s response

ITAT: Auditors' report bears high evidentiary value, disapproves rejection of AE/non-AE segmental profitability sans reasons

• In Favour of Assessee
• Citation Number : TS-495-ITAT-2026(Mum)-TP

NCLT: Directs Tata Communications group Cos. to convene unsecured creditors' meetings for proposed restructuring scheme

NCLT: Dispenses with stakeholder meetings for proposed News18 Marathi-Network18 amalgamation

ITAT: AO’s non-compliance of DRP’s directions violation of statutory provision, quashes assessment order

• In Favour of Assessee
• Citation Number : TS-497-ITAT-2026(Bang)-TP

Bombay HC to examine legality of retaining seized goods beyond statutory period u/s 67(7)

ITAT: Directs AO to apply LIBOR + 200 bps after providing ‘60’ days credit period for trade receivables

• In Favour of Assessee
• Citation Number : TS-496-ITAT-2026(HYD)-TP

ITAT: Deletes TP-adjustment on account of transaction of availing of business related support services

• In Favour of Assessee
• Citation Number : TS-494-ITAT-2026(Mum)-TP

ITAT: Stamp-duty value as on allotment date applies where part-payment preceded registration; Deletes Sec. 56(2)(x) addition

• In Favour of Assessee
• Citation Number : TS-947-ITAT-2026(Mum)

How a Recent SC Ruling Reshapes IBC Section 29A(c) Interpretation

ITAT: Business cash-deposits cannot be taxed u/s 69A merely because net profit is below Sec. 44AD 8% rate

• In Favour of Assessee
• Citation Number : TS-946-ITAT-2026(Mum)

SC: “Ineligibility u/s 29A to be reckoned on date of Resolution-Plan submission”; Sets-aside NCLAT orders

ITAT: Deduction u/s 11/12 allowed in subsequent AY cannot be disallowed in present AY; Remands matter to AO

• In Favour of Assessee
• Citation Number : TS-945-ITAT-2026(Ahd)

RBI: Replaces identification methodology for NBFC-UL with absolute Rs. 1 lakh cr. criteria; Includes government-owned entities

IFSCA: Proposes comprehensive framework for Mutual Insurers, Protection & Indemnity Clubs

HC: 'Where it appears' u/s-74 requires only ‘prima-facie’ satisfaction, not conclusive proof of fraud; Distinguishes pre-GST law

• In Favour of Respondent
• Citation Number : TS-467-HC(MAD)-2026-GST

GSTAT - 4 Critical Questions on Appellate Jurisdiction, Limitation, Pre-Deposit

HC: Protects TM “GODFATHER”, temporarily restrains use by Sanjay Dutt-backed whisky brand

SAT: Reduces penalties for ECL-Group, sets-aside disgorgement against Tulsian-Group in share manipulation

The Evolution of Reassessment: Interplay of Ashish Agarwal, Rajeev Bansal, and TOLA