ITAT: No unbridled power with AO to make de novo variation in final order, not proposed in draft assessment

• In Favour of Assessee
• Citation Number : TS-1484-ITAT-2025(DEL)

NCLAT: NCLT doesn't possess 'residual', 'overarching' jurisdiction to adjudicate contractual disputes arising independently of insolvency

HC: Allows filing of appeal noting Department’s ignorance of Assessee’s reply bearing acknowledgement seal

• In Favour of Petitioner
• Citation Number : TS-921-HC(DEL)-2025-GST

HC: Non-updation of bank-account details not ‘grave’, registration cancellation on that account invalid

• In Favour of Petitioner
• Citation Number : TS-920-HC(TEL)-2025-GST

HC: Tribunal exceeded jurisdiction for sustaining Sec. 263 order on new grounds not raised by CIT(E)

• In Favour of Assessee
• Citation Number : TS-1483-HC-2025(KER)

SEBI: Levies Rs. 30 lakh penalty on Co., Directors for non-compliance with corporate governance norms

SEBI: Issues Informal Guidance clarifying treatment of pledging, un-pledging of shares under Insider Trading Regulations

SAT: Rejects real estate Co.'s appeal against BSE's refusal to fully waive LODR non-compliance penalty

SAT: Quashes Rs. 67 cr. SEBI penalty on Co.'s MD in fraudulent GDR issuance case

SC stays Rs. 123 crore GST notice to Baazi Games, citing pending Gameskraft judgment

Hinduja Global assails GAAR panel order on de-merger, files writ

ITAT: Membership fee payments to society is not transfer consideration for capital gains; Deletes Sec. 50C addition

• In Favour of Assessee
• Citation Number : TS-1482-ITAT-2025(Mum)

IBC Round-Up - October, 2025

HC: Rejects writ petitions challenging applicability of EPF Scheme to ‘International Workers’

ITAT: Sec.36(1)(vii) deduction denial is apparent mistake, must be rectified considering settled HC principle

• In Favour of Assessee
• Citation Number : TS-1481-ITAT-2025(Bang)

SC: Upholds High Court’s view that emails to GST Practitioner constitute valid service

• In Favour of Respondent
• Citation Number : TS-919-SC-2025-GST

SC : Sr. Adv. Porus Kaka bats for independence of tax tribunal, criticizes ‘One-Size-Fits-All’ tenure

CBIC calls for sensitizing Department officers on revised ITC(HS) Schedule aligned with Finance Act 2025

Karnataka HC ponders applicability of Supriyo ruling in same-sex couple’s Sec. 56(2)(x) constitutional challenge

HC: “V3” apparel brand not entitled to injunction as both parties suppressed facts, fabricated records