ITAT: Remits ALP adjustment made on management fee payment; Follows earlier order

• In Favour of Both, Partially
• Citation Number : TS-295-ITAT-2026(PAN)-TP

NCLT: Profit from revenue-sharing arrangement not ‘operational debt’; Rejects insolvency plea against Eros International

SEBI: Directs debarment, slaps Rs. 16 lakh penalty in unregistered-advisory case; Directs Rs. 92.98 lakh refund

Maharashtra sets June 30 deadline to file appeal before GSTAT for pre-April 1, 2026 orders

CBDT notifies transfers/postings & assigns additional charge to officers in Pr.CCIT/Pr.DGIT grade

SC: Upholds HC order denying anticipatory bail over offence involving less than Rs. 5 cr

• In Favour of Respondent
• Citation Number : TS-232-SC-2026-GST

ITAT: ITAT: Quashes reassessment basis borrowed satisfaction & failure to obtain valid sanction u/s 151 from specified authority

• In Favour of Assessee
• Citation Number : TS-495-ITAT-2026(Mum)

Judicial Pronouncements in IP Sphere - A Recap!

HC: Offences involving less than Rs. 5 cr are non-cognizable & bailable; Denies anticipatory bail

• In Favour of Respondent
• Citation Number : TS-231-HC(CHAT)-2026-GST

HC: Dismisses accused's plea against discharge rejection for failure to establish non-application of mind

Mumbai ITAT Special Bench to decide if foreign asset notice time limit u/s 149(1)(c) applies to non-residents

HC: Pigmy agents are Bank’s employees, not business facilitators; No GST on ‘commission’ payouts

• In Favour of Petitioner
• Citation Number : TS-230-HC(KAR)-2026-GST

AAR: Charitable trust receiving fee from affiliated colleges for imparting Emergency Care courses, not exempt

• In Favour of Respondent
• Citation Number : TS-229-AAR(KAR)-2026-GST

New Act, Old Problems: What the Income Tax Act, 2025 Did Not Fix for M&A and Succession

RBI: Releases draft TReDS Directions, 2026; Seeks feedback by May 1

Allahabad HC stays SCN issued based on omitted Rule 96(10)

HC: GST registration cannot be cancelled merely for filing NIL returns

• In Favour of Petitioner
• Citation Number : TS-228-HC(UTT)-2026-GST

HC: Clubbed multi-year SCNs invalid; Milroc and Rite Water prevail over Mathur Polymers

• In Favour of Petitioner
• Citation Number : TS-227-HC(BOM)-2026-GST

HC: Quashes Rs. 159.85 Cr GST demand against City Union Bank; Remands for reconsideration

• In Favour of Petitioner
• Citation Number : TS-226-HC(MAD)-2026-GST

ITAT: Deletes Sec. 43B disallowance on interest payable to co-operative society members

• In Favour of Assessee
• Citation Number : TS-494-ITAT-2026(Bang)