HC: Shoots down Revenue's attempt to artificially 'fragment' transaction; Upholds slump sale characterisation

• In Favour of Assessee
• Citation Number : TS-1440-HC-2025(TEL)

Delhi HC to examine taxability of property conversion from leasehold-to-freehold; Restrains DDA’s recovery move

Significant GST and Indirect Tax Rulings, Litigation Trackers, Notifications and Circulars for October 2025

NFRA issues toolkit to bolster support for small and medium audit practitioners

ITAT: Enabling provision u/s 56(2)(x)(b)(B) cannot apply retrospectively; Deletes addition for AY 2012-13

• In Favour of Assessee
• Citation Number : TS-1439-ITAT-2025(Mum)

HC: Copy of Madras HC judgment dismissing appeal against Tata-Play ruling applying SC’s limitation order

• In Favour of Respondent
• Citation Number : TS-900-HC(MAD)-2025-GST

AT PMLA: Subsidiaries established for overseas loans, ‘round-tripping’ circumvent FEMA norms; Upholds ED’s penalty

AT PMLA: FEMA contravention does not require ‘mens rea’; Reduces penalty, sets aside ED’s confiscation order

HC: Upholds RBI’s rejection of FEMA compounding-application basis ED's suspicion of serious money laundering

ITAT: Allows carry forward of capital loss to Sahara India on sale of shares held as investment & not stock-in-trade

• In Favour of Assessee
• Citation Number : TS-1436-ITAT-2025(DEL)

ITAT: Quashes Sec. 271B penalty for failure to audit record absent maintenance of books u/s 44AA

• In Favour of Assessee
• Citation Number : TS-1434-ITAT-2025(Mum)

ITAT: Benefit u/s 115BAA cannot be denied for non-filing of Form 10IC in subsequent-year once validly exercised earlier

• In Favour of Assessee
• Citation Number : TS-1438-ITAT-2025(Bang)

HC: Citing 'personal liberty', no 'undue financial benefits', grants anticipatory bail to 8 CAs in SFIO fraud case

ITAT: Sec. 263 proceedings invalid due to plausible view by AO sans prejudice to Revenue

• In Favour of Assessee
• Citation Number : TS-1432-ITAT-2025(Mum)

SC: Upholds HC's ‘Knowledge = Receipt’ interpretation u/s 153(2A); Rejects Revenue's SLP

• In Favour of Assessee
• Citation Number : TS-1437-SC-2025

Tax Beats #9 - Income-tax Act, 2025 Distilled with Abhitan Mehta

ITAT: Upholds validity of TPO-reference, rules on treatment of ESOP expense, functional classification, etc

• In Favour of Both, Partially
• Citation Number : TS-641-ITAT-2025(Bang)-TP

ITAT: Deletes addition made qua reimbursement for IT support services treated as FIS; Follows earlier orders

• In Favour of Assessee
• Citation Number : TS-647-ITAT-2025(DEL)-TP

ITAT: Revision invalid given unexplained deposit duly inquired during assessment & no error found

• In Favour of Assessee
• Citation Number : TS-1412-ITAT-2025(Bang)

HC: No copyright in common Marathi expressions; Refuses to restrain release of film “Punha Shivajiraje Bhosale”