Tax Beats #11 - Income-tax Act, 2025 Distilled with Abhishek Mundada

AAR: Liquidated damages under concession contract are ‘pre-agreed cash compensation’, not taxable under GST

• In Favour of Applicant
• Citation Number : TS-934-AAR(GUJ)-2025-GST

ROC Adjudication Orders Referencer

ITAT: Settlement for civil suit withdrawal not asset transfer u/s 2(47), given no legally enforceable right in property

• In Favour of Assessee
• Citation Number : TS-1499-ITAT-2025(Mum)

AAR: No ITC on GST paid for long-term land lease for setting car-battery cell factory

• In Favour of Respondent
• Citation Number : TS-933-AAR(GUJ)-2025-GST

NCLAT: Liquidator must obtain AA's 'prior' permission for conducting private-sale before setting up terms & conditions

MoF notifies protocol amending India-Belgium DTAA u/s 90(1)

ITAT: Quashes retrospective Trust-registration cancellation; No invocation of Sec.12AB(4) for violations prior to new regime

• In Favour of Assessee
• Citation Number : TS-1500-ITAT-2025(DEL)

SEBI: Proposes two IPO reforms to enhance business ease and retail investor participation

Amid Union's opposition, HC poses searching questions on gift tax parity for same-sex couples

ITAT: No denial of Sec.23(1)(c) benefit if property remains vacant despite bona fide efforts; Deletes deemed rent addition

• In Favour of Assessee
• Citation Number : TS-1498-ITAT-2025(Ahd)

Mexico Adopts 2026 Economic Package Containing Various Tax Measures

HC: Dismisses appeal against award, upholds invocation of ‘trinity principle’ for rejecting interim-relief

HC: Invoking extended limitation u/s 74 absent ‘jurisdictional facts’, sans allegation of fraud/suppression, illegal

• In Favour of Petitioner
• Citation Number : TS-930-HC(MAD)-2025-GST

SC: Upholds HC order quashing PMLA prosecution against CA, upholding legal protection

HC: Bars Patanjali’s ad branding all rival Chyawanprash products as ‘dhoka’, cites commercial disparagement

HC: Upholds validity of Sec.194A(3) proviso; Rules turnover-based classification for Co-op Societies not violative of Art. 14

• In Favour of Revenue
• Citation Number : TS-1497-HC-2025(KER)

ITAT: Deletes TP-adjustment qua royalty payment, AMP expenses in case of Sony India; Follows earlier orders

• In Favour of Both, Partially
• Citation Number : TS-662-ITAT-2025(DEL)-TP

ITAT: Deletes additions qua corporate guarantee and loan advanced; Follows precedents

• In Favour of Assessee
• Citation Number : TS-663-ITAT-2025(PUN)-TP

ITAT: Excludes comparables failing turnover filter and not appearing in search matrix

• In Favour of Both, Partially
• Citation Number : TS-661-ITAT-2025(Bang)-TP