IBBI: Publishes Discussion Paper on draft Creditor-Initiated Insolvency Resolution Process Regulations

IBBI: Proposes amendments to insolvency, bankruptcy process regulations for personal guarantors

IBBI: Releases Discussion Paper proposing amendments to Voluntary Liquidation Process Regulations

IBBI: Publishes Discussion Paper on proposed amendments to CIRP Regulations

IBBI: Floats Discussion Paper on amendments to Pre-Packaged Insolvency Resolution Process Regulations

DGTR recommends 5-year continuation of ADD on Normal Butanol imports from Malaysia, South Africa and USA

DGFT allows RELIEF-benefit to first time exporters obtaining ECGC Policy from March 16

ITAT: ITAT: Fresh deduction claim at appellate stage cannot be rejected solely on grounds of delay or procedural lapse

• In Favour of Assessee
• Citation Number : TS-534-ITAT-2026(Mum)

HC: M.S. Scrap falls within “specified goods” under Budgetary Support Scheme; Eligible for reimbursement

• In Favour of Petitioner
• Citation Number : TS-250-HC(J&K)-2026-GST

SEBI: Shri. K.V.R. Murty takes charge as Whole Time Member

NCLT: Allows compounding pleas by Adani Power officials; Levies fines up to Rs. 9.75 lakh

ITAT: Condones 19 days’ delay; Quashes reassessment sans live nexus between information & formation of belief

• In Favour of Assessee
• Citation Number : TS-512-ITAT-2026(CHANDI)

ITAT: ITAT: Sale of penny stock, sham transaction, LTCG ineligible for Sec. 10(38) exemption; Confirms Sec. 68 addition

• In Favour of Revenue
• Citation Number : TS-536-ITAT-2026(SUR)

GST on medicines supplied to in-patients at MRP under Bombay HC scanner; Stays demand

ITAT: Notice u/s 148 barred by limitation as per first proviso to Sec. 149; Quashes assessment order

• In Favour of Assessee
• Citation Number : TS-533-ITAT-2026(HYD)

ITAT: Rules on comparables qua distribution segment, deletes adjustment qua outstanding receivables

• In Favour of Assessee
• Citation Number : TS-304-ITAT-2026(DEL)-TP

ITAT: Deletes Sec. 68 addition where loan repayment wrongly treated as fresh unexplained credit

• In Favour of Assessee
• Citation Number : TS-535-ITAT-2026(Mum)

HC: Upholds “Fugitive Economic Offender” tag on defense middleman; Rejects appeal

ITAT: Holds forex gain as operating income, no separate adjustment required for outstanding receivables

• In Favour of Both, Partially
• Citation Number : TS-303-ITAT-2026(CHNY)-TP

ITAT: Invoking Sec. 68 based solely on shareholder company being struck-off, without infusion of funds, unjustified

• In Favour of Assessee
• Citation Number : TS-532-ITAT-2026(Mum)