SEBI: Issues new price bands, base price norms for ETFs w.e.f. September 2026

RBI: Reports double-digit sales growth for private corporate sector in Q4, driven by manufacturing, services

Madras HC remands reassessment in Home-UPS taxability dispute against Mahindra-&-Mahindra; Bars revision of composition-levy

ITAT: ITAT: WhatsApp chats, alone, insufficient evidence sans supporting corroborative material; Deletes additions

• In Favour of Assessee
• Citation Number : TS-887-ITAT-2026(Ahd)

ITAT: ITAT: Receiving NCD interest from buyer instead of issuer doesn't alter tax character; Taxable as IFoS, not capital gains

• In Favour of Assessee
• Citation Number : TS-905-ITAT-2026(DEL)

NCLT: Directs L&T shareholders' meeting for proposed real-estate business demerger into WOS

HC: Interest liability on delayed tax-payment arises by operation of law; Cannot be waived/reduced by Court

• In Favour of Respondent
• Citation Number : TS-446-HC(KAR)-2026-GST

Government expands Pune-based Serum Bio-Pharma Park SEZ by 2.6 hectares; total area rises to 18.6 hectares

HC: "AD Banks not mere conduits"; Upholds Bank's refusal to process forex transactions

G7 leaders call for immediate reopening of Strait of Hormuz; Adopt 9 declarations on AI, trade, Ukraine-Russia

G7 leaders launch critical minerals alliance; target lower supply dependencies

India-UK CETA, social security pact to enter into force from July 15

India, US make headway on interim trade pact; PM pitches connectivity, AI cooperation at G7

HC: Dismisses writ appeal against Sec. 14(1) SARFAESI order; Borrower to approach DRT

ITAT: ITAT: Disallows derivative loss as non-genuine basis co-ordinated & premediated bogus trading

• In Favour of Assessee
• Citation Number : TS-902-ITAT-2026(DEL)

HC: Directs Bank to hand-over auctioned property to successful bidder; Condemns 'enjoying' sale proceeds for years

ITAT: Sec. 54 deduction allowable on allotment of under-construction flat despite non-possession & non-registration

• In Favour of Assessee
• Citation Number : TS-899-ITAT-2026(Mum)

ITAT: Allows Sec. 80P deduction on interest income of cooperative society; Distinguishes Totagar Ruling

• In Favour of Assessee
• Citation Number : TS-898-ITAT-2026(Bang)

ITAT: Deletes Sec. 56(2)(x) addition, applies retrospective 10% safe harbour limit

• In Favour of Assessee
• Citation Number : TS-897-ITAT-2026(Mum)

Opting Out of Sec. 115BAA to Revert to The Normal Regime – Withdrawal vs. Invalidation