HC: Penalty for EWB delinquency unjustified when backed by all valid documents, and sans mens-rea

• In Favour of Petitioner
• Citation Number : TS-599-HC(HP)-2025-GST

PMLA Round-Up – June, 2025

MCA: Issues set of 62 FAQs on Lot 3 Forms to be released on July 14

ITAT: Condoning delay mechanically against very spirit of law, ‘sufficient/ reasonable cause’ imperative

• In Favour of Revenue
• Citation Number : TS-881-ITAT-2025(Mum)

HC: Bars Patanjali from running ads disparaging Dabur Chyawanprash, cautions against false drug efficacy

HC: Bail revocation distinct from cancellation, rejects Revenue’s plea of recall without ‘cogent’ evidence

• In Favour of Respondent
• Citation Number : TS-598-HC(DEL)-2025-GST

ITAT: Rejects Revenue's berry ratio for gemstone/jewelry-manufacturer, follows earlier order

• In Favour of Assessee
• Citation Number : TS-391-ITAT-2025(JPR)-TP

ITAT: Restricts guarantee commission to 0.5% as against TPO's 1.3%, follows Graphite India ruling

• In Favour of Both, Partially
• Citation Number : TS-390-ITAT-2025(Kol)-TP

ITAT: Excludes Infosys Limited citing functional dissimilarity, huge brand value in case of captive service provider

• In Favour of Assessee
• Citation Number : TS-388-ITAT-2025(HYD)-TP

ITAT: Remits TP issue covered under APA, directs TPO to examine agreement between assessee and CBDT

• In Favour of Both, Partially
• Citation Number : TS-389-ITAT-2025(Kol)-TP

'BSC Beacon' - Tax & Regulatory Insights! | June 2025

HC: Rejection of Assessee’s books u/s 145(3), unjustified, sans any discrepancy/infirmity noted by Revenue

• In Favour of Assessee
• Citation Number : TS-879-HC-2025(CHAT)

AAR: Interest and costs awarded under arbitration for pre-GST matters, not taxable

• In Favour of Applicant
• Citation Number : TS-597-AAR(GUJ)-2025-GST

AT PMLA: Rejects appeals against property attachment in Maoist-linked money laundering case

AT PMLA: Affirms ED attachment in Jodhpur National University fake degree scam

HC: Directs accused's release in money laundering case relating to gold smuggling

HC: Reduces PMLA convict's sentence to 3.5 years considering impoverished background

Counting Days and Crossing Borders: Mahadevan’s Case On Non-Resident Status

HC: Confirms extended deadline for settlement applications; Allows Assessee to approach Interim Board

• In Favour of Assessee
• Citation Number : TS-878-HC-2025(KER)

NCLT: Permits withdrawal of co.’s voluntary liquidation, given unanimous stakeholder consent, no third-party impact