ITAT: Quashes reassessment due to incorrect ‘reasons to believe’ basis non-attributable penny stock transactions

• In Favour of Assessee
• Citation Number : TS-552-ITAT-2026(Rjt)

ITAT: Allows Sec. 80IC deduction despite delayed Form 10CCB due to technical omission

• In Favour of Assessee
• Citation Number : TS-551-ITAT-2026(CHNY)

HC: Grants interim protection in challenge to GST-levy on leasehold rights; Tags with Swastik Processors

• In Favour of Petitioner
• Citation Number : TS-267-HC(BOM)-2026-GST

HC: Relegates Emirates to appellate remedy in exemption dispute on air cargo services

• In Favour of Petitioner
• Citation Number : TS-266-HC(BOM)-2026-GST

HC: Copy of Bombay HC judgment referring clubbed SCN issue to larger bench

• In Favour of Both
• Citation Number : TS-265-HC(BOM)-2026-GST

Australia : Australia Releases Draft Legislation Tightening Foreign-Resident Capital Gains Tax, Reaches Back to 2006

SC issues notice against Gujarat HC judgment denying de-freezing of Buckbox’s bank account

HC: Quashes & sets aside notice u/s 148 as beyond permissible period of 10 years as per Sec. 153A

• In Favour of Assessee
• Citation Number : TS-547-HC-2026(GUJ)

HC: Declines to quash ITC blocking at SCN stage; Challenge to Section 16(2)(c) vires ‘premature’

• In Favour of Petitioner
• Citation Number : TS-264-HC(BOM)-2026-GST

SC: Detenu has no absolute right to legal representation before COFEPOSA Advisory Board

SC: Co-operative societies under statutory regulation, not State under Article 12; Affirms election eligibility bye-laws

SC: Irretrievable marital breakdown, settlement withdrawal justifies quashing Domestic violence proceedings, grants divorce

SC: Bank must present cheques timely, delay causing staleness amounts to service deficiency under CPA

SC: Benefit u/s 4 of Probation of Offenders Act available even where sentence is only fine

SC: Civil remedy no bar where FIR discloses cognizable-offence; Quashing investigation at threshold impermissible

SC: Once landlord proves absence and third-party possession, burden shifts to tenant to rebut presumption

SC: Differential DA/DR rates for employees, pensioners ‘arbitrary’, violates Article 14 equality principles

SC: Limitation u/s 468 CrPC runs from complaint/FIR filing date, not cognizance

SC: Rebuttal of adverse inference validates suit; Upholds specific performance despite party not testifying

DGFT expands RELIEF to Egypt, Jordan; Restricts export of high-grade Baryte