Supreme Court’s Pride Foramer Ruling – More Peril than Pride?

Taxsutra & Coortus Advisors Present M&A Rulings Digest - October, 2025!

NCLT: Clears demerger of HUL’s ice-cream business undertaking into Kwality Wall’s

HC: Order confirming demand higher than SCN is ‘without jurisdiction’, runs contrary to section 75(7)

• In Favour of Petitioner
• Citation Number : TS-892-HC(KAR)-2025-GST

Govt notifies proper officer for entry revision u/s 18A; Prescribes Rs. 1000 fee for e-Application

ITAT: Rejects AO's attempt to classify 50% gain as IoS; Holds entire gain as LTCG

• In Favour of Assessee
• Citation Number : TS-1419-ITAT-2025(Mum)

SC : Lawyers can't be summoned over advice to clients unless exceptional circumstances exist

SC restores Revenue's SLPs in JAO-FAO controversy

ITAT: Allows Sec. 54 deduction basis actual investment, not joint share in co-owned property

• In Favour of Assessee
• Citation Number : TS-1418-ITAT-2025(Mum)

SEBI: Penalizes, debars Investment Adviser for fraud, providing unregistered services

Kerala HC grants interim relief to UBI retirees from GST on health insurance premiums

ITAT: Appeal decided on merits after refusing to condone delay in filing appeal, without jurisdiction

• In Favour of Revenue
• Citation Number : TS-1417-ITAT-2025(AGR)

GSTN introduces ‘Import of Goods’ details in Invoice Management System

ITAT: Allows deduction to partner as business expenditure incurred wholly & exclusively for business purposes

• In Favour of Assessee
• Citation Number : TS-1416-ITAT-2025(DEL)

UN : UN Tax Committee Moves Ahead on Climate, Wealth, Health and Gender Taxation

ITAT: Upholds CIT(A)’s decision allowing assessee’s claim of deduction u/s.80IA; Follows precedent

• In Favour of Assessee
• Citation Number : TS-634-ITAT-2025(CHNY)-TP

AAR: Building work’s plans, estimate, draft tender paper exempt if tied to Panchayat/Municipal functions

• In Favour of Applicant
• Citation Number : TS-890-AAR(GUJ)-2025-GST

ITAT: Exemption u/s 115JB not automatic, concession to sick company ceases when net worth turns positive

• In Favour of Revenue
• Citation Number : TS-1415-ITAT-2025(Mum)

NCLT: Ongoing SFIO investigation no ground to reject amalgamation-scheme; Sanctions merger of Piramal group cos.

HC: Directs AO to pass final assessment order after DRP's disposal of assessee's application u/s.144C(2)

• In Favour of Assessee
• Citation Number : TS-640-HC-2025(MAD)-TP