Fis(H)Cal Currents and Legal Tides: Budget Reforms Decoded

DGFT implements NPCI-based bank account validation for IEC applications

SEBI: Slaps Rs. 3.65 cr. penalty on 15 individuals for orchestrating 'pump-and-dump' scheme via Telegram

SC: Plaint cannot be struck off under Article 227 when Order VII Rule 11 remedy exists

SC: Welfare of children paramount consideration;Quashes HC-order granting custody to mother

SC: Party accepting order for Arbitrator's appointment under pre-2015 regime can't later challenge 'clause' validity

ITAT: Assessee ineligible for Sec.80GGC deduction, as donation to political party ‘bogus’

• In Favour of Assessee
• Citation Number : TS-138-ITAT-2026(Mum)

DGFT issues clarification on warehousing of Industrial and Hazardous chemicals under FTP 2023

SC: Copy of SC order remitting one batch of JAO-FAO cases to HC

• In Favour of Assessee
• Citation Number : TS-137-SC-2026

HC: Grants interim-injunction protecting educational channel “PHYSICS WALLAH” from defamatory, disparaging content

On DDT vs DTAA controversy, Revenue urges larger bench reference before Bombay HC

ITAT: Allows assessee’s MA, deletes disallowance w.r.t payment of Sale Commission/Agency Fees

• In Favour of Assessee
• Citation Number : TS-121-ITAT-2026(Mum)-TP

ITAT: Directs AO to correct the amount in order u/s. 154 basis modified return as per APA

• In Favour of Assessee
• Citation Number : TS-120-ITAT-2026(Mum)-TP

AAAR: Head-Office driven AMC services via deputed field engineers don’t create ‘fixed-establishment’; Registration not mandatory

• In Favour of Appellant
• Citation Number : TS-54-AAAR(OD)-2026-GST

ITAT: Remits comparables selection issue to AO/TPO

• In Favour of Both, Partially
• Citation Number : TS-119-ITAT-2026(DEL)-TP

ITAT: Edelweiss Investment fund eligible for exemption u/s 10(23FBA),having separate PAN procedural; No independent AIF registration required

• In Favour of Assessee
• Citation Number : TS-136-ITAT-2026(Mum)

NCLT: Insolvency process can’t be converted into ‘laundering-mechanism’ cloaked in ‘statutory legitimacy’; Terminates Alchemist-Ltd.’s CIRP

Minimum Alternate Tax (MAT) Amendments in Union Budget 2026 – A Critical Analysis

ITAT: Deletes adjustment w.r.t inter-unit transfer of power, follows Aditya Birla SB ruling

• In Favour of Assessee
• Citation Number : TS-118-ITAT-2026(Mum)-TP

Assessment and Penalty Combo Family Pack – Will This Really Cost Less?