ITAT: Quashes reassessment absent specific averment in ‘reasons’ recorded u/s 147 on alleged penny-stock

• In Favour of Assessee
• Citation Number : TS-1522-ITAT-2025(Ahd)

HC: Patent rights territorial in nature making foreign grant inconsequential; Rejects Saint Gobain’s appeal

HC: Bars Revenue from asserting GST-era jurisdiction over payments for pre-GST services; Quashes demand

• In Favour of Petitioner
• Citation Number : TS-943-HC(ALL)-2025-GST

SEBI: Revokes settlement-order, citing co.'s non-compliance with public shareholder exit, breach of share-buyback terms

HC: Affirming narrow scope of Sec. 34, dismisses plea for quashing arbitral award; Upholds Single Judge order

ITAT: Interest on enhanced compensation taxable as IoS post-amendment u/s 56(2)(viii); Ghanshyam (HUF) ruling inapplicable

• In Favour of Revenue
• Citation Number : TS-1519-ITAT-2025(CHANDI)

HC: Flags conflict on arrest to bailable warrant conversion in GST-offences; Refers to Special Bench

• In Favour of Not Available
• Citation Number : TS-942-HC(RAJ)-2025-GST

HC: Quashes order passed without personal hearing; remands matter for fresh adjudication

• In Favour of Petitioner
• Citation Number : TS-941-HC(BOM)-2025-GST

ITAT: Deletes addition made on protective basis in Assessee’s hand, absent any substantive addition

• In Favour of Assessee
• Citation Number : TS-1521-ITAT-2025(DEL)

Govt. notifies ADD on Liquid Epoxy Resins, preliminary findings on Low-Ash-Metallurgical-Coke

ITAT: Grants Sec.11 exemption despite clerical error in return; Revenue cannot take advantage of Assessee's mistake

• In Favour of Assessee
• Citation Number : TS-1520-ITAT-2025(Bang)

HC: Appeal delay beyond four months condonable by Appellate Authority, subject to proper explanation

• In Favour of Petitioner
• Citation Number : TS-940-HC(CAL)-2025-GST

HC: "Suspicion" can't be equated with "reason to believe"; Slams ED for issuing 'cryptic' freezing orders

HC: Allows Assessee to respond to SCN, noting father’s critical illness for non-response

• In Favour of Petitioner
• Citation Number : TS-936-HC(KAR)-2025-GST

HC: Sets aside excessive penalty imposed beyond SCN amount; Directs reconsideration limited to penalty quantum

• In Favour of Petitioner
• Citation Number : TS-931-HC(KAR)-2025-GST

IBBI: Proposes safeguards to strengthen transparency in CIRP by addressing disclosure, decision making gaps

IBBI: Proposes minimum shareholding/capital contribution threshold for IPE Directors/Partners

IBBI: Seeks overhaul of valuation process under IBC; Proposes harmonization of CIRP, Liquidation Regulations

OECD releases report on ‘Comparative Information on OECD and other Advanced and Emerging Economies’ 2025

HC: Condones delay in filing revised ROI largely caused due to disruptions in Covid 19 pandemic

• In Favour of Assessee
• Citation Number : TS-1518-HC-2025(BOM)