CBIC clarifies rebate/remission on short export realisation under RoDTEP, RoSCTL schemes

PBPTAT: Benami transaction may emanate from disclosed/legitimate income; Illegal /unaccounted money existence not prerequisite

• In Favour of Revenue
• Citation Number : TS-507-PBPTAT-2026(DEL)

India in the Crossfire: Economic Fallout of US–Israel–Iran Conflict

ITAT: Remands Sec. 80P dispute for de novo adjudication due to PAN status error; Imposes cost on Assessee

• In Favour of Both, Partially
• Citation Number : TS-506-ITAT-2026(Bang)

HC: Awards Rs. 64-lakh damages, permanently restrains “SOLIDWORKS” software piracy in copyright infringement dispute

CBIC prescribes procedure for handling SEZ-origin cargo amid Strait of Hormuz disruption

ITAT: Rejects TPO's 'other method' for benchmarking distribution activity, IGS, royalty payment, etc

• In Favour of Assessee
• Citation Number : TS-289-ITAT-2026(PUN)-TP

HC: Rejects Revenue’s submission that limitation consequences operate only qua issues remanded by Tribunal

• In Favour of Assessee
• Citation Number : TS-296-HC-2026(BOM)-TP

ITAT: Accepts assessee’s remand request since current AY covered by APA

• In Favour of Assessee
• Citation Number : TS-297-ITAT-2026(Kol)-TP

Untangling the GST on Development Rights

Department organizes Quiz on Income-tax Act, 2025 with cash prizes for all citizens

Setting aside pro-taxpayer JAO-FAO judgments, SC sends matters back to HC; Stays assessments

SC: Sets aside HC order appointing Sole Arbitrator absent arbitration or dispute-resolution clause in LOI

HC: Demand after voluntary ITC-reversal tantamount to double-taxation; Interest unwarranted where balance remains in ECrL

• In Favour of Petitioner
• Citation Number : TS-234-HC(ORI)-2026-GST

SEBI: Slaps Rs. 1 cr. penalty on registered stock broker for allowing misuse of license

HC: Revised return replaces original for all purposes if filed without mala fide; Allows change in depreciation method

• In Favour of Assessee
• Citation Number : TS-503-HC-2026(GUJ)

ITAT: Deletes TP adjustment qua SDT considering omission of sub-clause (i) of Sec.92BA

• In Favour of Assessee
• Citation Number : TS-298-ITAT-2026(DEL)-TP

HC: No vicarious liability under NI Act from mere cause-title description of accused as Director

Belgium : Tax Authorities Publish Clarifying Circular on Modified Expat Regime

Writ petition before Punjab & Haryana HC seeks to declare JAO-FAO retro amendment as unconstitutional