NCLT: IBC a summary proceeding; Can't declare 'Cam-Scanned' documents inadmissible at admission stage

HC: Quashes AAR ruling denying exemption on DGCA-approved pilot training; Remands citing circular

• In Favour of Petitioner
• Citation Number : TS-909-HC(ALL)-2025-GST

ITAT: Gift from Brother-in-Law exempt u/s 56(2)(vii), no gift-deed required; Quashes addition

• In Favour of Assessee
• Citation Number : TS-1455-ITAT-2025(Kol)

CBDT notifies Sec.10(46A)(b) exemption for ‘Karnataka Housing Board'

DMCC: The Financial Centre We Already Built

ITAT: Rejects PCIT's 'lack of enquiry' inference; Upholds AO's due enquiry of ESOP cost deduction as legally correct

• In Favour of Assessee
• Citation Number : TS-1454-ITAT-2025(Mum)

ITAT: Criticizes Revenue's contradictory stand on share-sale treated as genuine in prior AY; Deletes Sec. 68 addition

• In Favour of Assessee
• Citation Number : TS-1452-ITAT-2025(Kol)

HC: Information disclosure u/s 66 of PMLA not ‘condition precedent’ for provisional attachment; Allows ED’s appeals

Key Arguments at United States Supreme Court in Blockbuster Tariffs Case; India Finds a Mention

PMLA Round-Up - October, 2025

IBBI: Prescribes undertaking by IP for restitution of Corporate Debtor’s assets attached under PMLA

ITAT: Upholds DVO valuation for LTCG under amended Sec. 142A; Rules Sec. 155(15) inapplicable

• In Favour of Revenue
• Citation Number : TS-1451-ITAT-2025(Kol)

ITAT: Income from tissue culture activity, agricultural income exempt u/s 10(1), not business income

• In Favour of Assessee
• Citation Number : TS-1450-ITAT-2025(Bang)

HC: Deletes 'perverse' arbitral direction requiring Hersheys to pay ‘hope compensation’ to Kanti Beverages

HC: Quashes District-Judge’s order directing return of Sec. 34 petition by interchanging ‘seat’ and ‘venue’

SC: Rejects UK resident’s plea for appointment of Arbitrator, request being time barred

ITAT: Restores TP-adjustment w.r.t export of software services, bad-debts written-off before COVID impact

• In Favour of Both, Partially
• Citation Number : TS-646-ITAT-2025(Kol)-TP

ITAT: Sets aside NIL ALP determined qua technical services; Remits issue

• In Favour of Assessee
• Citation Number : TS-652-ITAT-2025(GAU)-TP

Final Word: Legal Characterization Prevails in Treaty Protection of Cross-Border Investments

ITAT: Upholds adoption of cash PLI, exclusion of comparables for failing turnover filter etc,

• In Favour of Assessee
• Citation Number : TS-651-ITAT-2025(Bang)-TP