HC: Copy of Delhi HC order on examination of nexus between GST Intelligence inputs & reassessment u/s 148A

• In Favour of Assessee
• Citation Number : TS-1462-HC-2025(DEL)

NCLT: Dismisses Director's appeal for restoration of co.'s name, absent 'shareholding'

ITAT: Capital gains on transfer of development rights taxable to individual members, not Assessee-society

• In Favour of Assessee
• Citation Number : TS-1461-ITAT-2025(Mum)

HC: Quashes ECrL blocking communicated via SMS sans reasons and pre-decisional hearing; Directs immediate unblocking

• In Favour of Petitioner
• Citation Number : TS-893-HC(KAR)-2025-GST

ITAT: Sec. 69A applies only to unexplained/unrecorded money in books; Deletes addition

• In Favour of Assessee
• Citation Number : TS-1460-ITAT-2025(Bang)

Govt. publishes Draft Special Financial Rules for Research Development and Innovation Fund

IFSCA: Issues Stewardship Code Framework for fund management entities & institutional investors at IFSC

SEBI: Enables Investment Advisers to provide “Second Opinion” on existing portfolios

SEBI: Issues interim framework for pre-PaRRVA performance data disclosure by IAs/RAs

SEBI: Allows transfer of PMS business between registered Portfolio Managers with prior approval

ITAT: Singapore entity not conduit, satisfies PPT test; Grants LTCG exemption

• In Favour of Assessee
• Citation Number : TS-1458-ITAT-2025(Mum)

HC: Admits Revenue’s appeal on adjustments qua corporate guarantee and outstanding receivables

HC: Goodwill of TM “TULIPS” limited to hygiene products, no passing-off in use for perfumes

Tax Beats #10 - Income-tax Act, 2025 Distilled with Anish Thacker

GSTAT: Concludes anti-profiteering probe against Nirma over non-passing of ITC benefit to consumers

• In Favour of Appellant
• Citation Number : TS-912-GSTAT(DEL)-2025-GST

GSTAT: Concludes anti-profiteering probe noting ITC-to-purchase value ratio decline post-GST for multiple IREO projects

• In Favour of Appellant
• Citation Number : TS-911-GSTAT(DEL)-2025-GST

GSTAT: Concludes anti-profiteering probe noting ‘voluntary’ passing on of ITC benefit to IOCL

• In Favour of Respondent
• Citation Number : TS-910-GSTAT(DEL)-2025-GST

NCLAT: Directs liquidation completion in "shortest possible time”; Dismisses Reliance Realty’s appeal in Independent TV case

NCLT: ‘Local authorities’ bound by approved resolution plan; Bars GMDA from raising pre-CIRP dues

ITAT: Allows property COA basis builder-receipts, but confirms travel-cost disallowance for lack of nexus with sale

• In Favour of Both, Partially
• Citation Number : TS-1457-ITAT-2025(Bang)