Supreme Court puts quietus to GST dispute on long term leasehold rights – A Sigh of Relief to Real Estate & Infrastructure Sector and Industrial Houses

HC: 7-day pre-arrest notice in GST probe not blanket protection; Dismisses Revenue’s petition

• In Favour of Petitioner
• Citation Number : TS-439-HC(DEL)-2026-GST

AP HC stays recovery/ITC-denial on SEZ supplies based on defunct Rule 39(1)(a), & retrospective Sec.16 amendment application

NCLT: Directs convening of meetings for proposed arrangement scheme involving Renault entities

NCLT: Dispenses with shareholders meeting for Ford entities' proposed amalgamation; Directs unsecured creditors' meeting

HC: Recording reasons is a check against arbitrary action; Quashes non-speaking, unreasoned order cancelling GST registration

• In Favour of Petitioner
• Citation Number : TS-438-HC(GAUH)-2026-GST

NCLT: Directs lessee to return Gensol EV Lease’s remaining vehicles; Declines lease-dues dispute adjudication

CCI: Approves clears Temasek-backed investment in Romsons Group following internal restructuring

CCI: Allows Kedaara entities’ proposed equity subscription in Axis Finance

CCI: Clears TVS Group’s acquisition of PGIM India’s asset management and trustee businesses

Incidental costs inclusion in purchase-price of second-hand bottles under Madras HC scanner; Stays recovery

American Express Ruling: Supreme Court Reaffirms the Scope of Section 44C

ITAT: Assessee only reseller/distributor of sim-cards etc, embossing logo will not alter functional profile

• In Favour of Assessee
• Citation Number : TS-482-ITAT-2026(DEL)-TP

Bombay HC to examine validity of DGGI's Delhi-to-Mumbai adjudication transfer via corrigendum; Stays coercive action

ITAT: Adjudicates comparables selection, penalty u/s.271(1)(c) in second round for Alcatel/Nokia

• In Favour of Both, Partially
• Citation Number : TS-479-ITAT-2026(DEL)-TP

UK HMRC launches technical consultation on ICTS, a new mandatory reporting framework for multinationals

What’s next in the game

ITAT: ITAT: Cannot deny exemption u/s 54 on hypertechnical grounds; Beneficial provision deserves liberal interpretation

• In Favour of Assessee
• Citation Number : TS-908-ITAT-2026(CHNY)

ITAT: ITAT: Withholding condoned delay refunds tantamounts to unjust enrichment by Revenue; Allows TDS refund

• In Favour of Assessee
• Citation Number : TS-892-ITAT-2026(DEL)

SEBI: Cautions investors against trading in unlisted shares on unregistered electronic platforms