MAT Credit will be History Soon

Why Same-Day Board and AGM Meetings Invite Regulatory Scrutiny

ITAT: Rigours for Sec. 41(1) invocation absent, as no cessation/remission of trading liability; Remands matter for verification

• In Favour of Assessee
• Citation Number : TS-135-ITAT-2026(Mum)

RBI Governor proposes expanding collateral-free loans for MSMEs to Rs. 20 lakh, registration exemption for NBFCs below Rs. 100 cr. asset size

ITAT: Agreement date is "appointed date" for Sec. 50C valuation; Directs verification of agreement date SDV & consult DVO

• In Favour of Assessee
• Citation Number : TS-134-ITAT-2026(CHANDI)

HC: Blind reliance on AO's finding, ignoring judicial precedents makes order unlawful; Directs issue of 2% certificate

• In Favour of Assessee
• Citation Number : TS-133-HC-2026(DEL)

HC: Foisting GST interest burden on lessee by lessor illegal absent timely invoice; Directs refund

• In Favour of Appellant
• Citation Number : TS-53-HC(BOM)-2026-GST

HC: Writ Court cannot condone appeal delay beyond 120 days despite ‘sufficient cause’

• In Favour of Respondent
• Citation Number : TS-52-HC(GUJ)-2026-GST

ITAT: Agreement with partnership firm doesn't make Assessee agent of NRI partner u/s 163(1)(c); Deletes addition

• In Favour of Assessee
• Citation Number : TS-132-ITAT-2026(HYD)

HC: Rules on composite notice issued u/s 74; Limitation period wholly mandatory

• In Favour of Petitioner
• Citation Number : TS-51-HC(ALL)-2026-GST

PMLA Round-Up - January, 2026

RBI keeps policy repo rate unchanged, at 5.25%.

ITAT: Immovable property received under family settlement, not transfer, not taxable u/s 56(2)(vii)(b)

• In Favour of Assessee
• Citation Number : TS-131-ITAT-2026(DEL)

GSTIN merges ‘Additional Notices and Orders’ tab with ‘Notices and Orders’ tab on GST portal

SEBI: Issues Consultation Paper on measures towards ease of doing business for REITs and InvITs

SEBI: Floats Consultation Paper on flexibility to AIFs in winding up schemes, registration surrender

SC: Leasing flat not ‘commercial purpose’; Dominant intention test applies with onus on service provider

SC: Police cannot conduct further investigation without Magistrate’s leave, power rests solely with Court

SC: ICC report findings under POSH Act can be challenged before Armed Forces Tribunal

SC: Shadow of bias in public power undermines rule of law; Restores fairness in ITAT-Member appointments