Emergency Powers and the Great Tariff Reversal — The Rise and Fall of the IEEPA Duties

ITAT: Reference to DVO for computation of capital gains & valuation of asset, to be made u/s 55A & not u/s 142A

• In Favour of Assessee
• Citation Number : TS-481-ITAT-2026(CHNY)

HC: No TCS liability on E-comm Operator not collecting consideration for supplies on its platform

• In Favour of Petitioner
• Citation Number : TS-215-HC(KAR)-2026-GST

HC: Party aggrieved of SARFAESI proceedings must approach forum prescribed under Act, not Civil Court

HC: Permits NFRA proceedings, restrains passing of final order in EQCR jurisdiction challenge

GSTAT: No anti-profiteering by Realtor where entire project executed post-GST; Drops anti-profiteering allegation

• In Favour of Respondent
• Citation Number : TS-214-GSTAT(DEL)-2026-GST

ITAT: Remits margin computation plea; Grants working capital adjustment

• In Favour of Both, Partially
• Citation Number : TS-287-ITAT-2026(DEL)-TP

ITAT: No Sec. 69A addition where family’s total declared jewellery exceeds jewellery recovered in search

• In Favour of Assessee
• Citation Number : TS-480-ITAT-2026(DEL)

ITAT: Sets aside CIT(A)-order deleting adjustment qua research support services without considering merits; Remits issue

• In Favour of Both, Partially
• Citation Number : TS-286-ITAT-2026(Mum)-TP

ITAT: Allows assessee’s Misc. Application seeking rectification of earlier order

• In Favour of Assessee
• Citation Number : TS-285-ITAT-2026(DEL)-TP

ITAT: Adopts margin agreed under BAPA, covering US-based AE transactions, to non-US AE transactions also

• In Favour of Assessee
• Citation Number : TS-284-ITAT-2026(HYD)-TP

IBC (Amendment) Act, 2026 : Introduces Creditor-initiated Insolvency Resolution Process framework, stringent penalties for frivolous proceedings

P&H HC stays Rs. 430 cr demand on BPCL over multi-year SCN

ITAT: JDA execution alone doesn't trigger tax if property rights under dispute; Deletes capital gains addition

• In Favour of Assessee
• Citation Number : TS-478-ITAT-2026(Bang)

AAAR: Geomembranes manufactured from HDPE strips not articles of Plastic; Dismisses Revenue’s appeal

• In Favour of Respondent
• Citation Number : TS-213-AAAR(GUJ)-2026-GST

Copy of the Insolvency and Bankruptcy Code (Amendment) Act, 2026

ITAT: Linklaters Singapore’s legal fees not FTS absent 'make available'; 21-day threshold not met for service PE

• In Favour of Assessee
• Citation Number : TS-476-ITAT-2026(Mum)

Karnataka HC to hear writ seeking retrospective application of CBDT notification on leave encashment exemption

HC: Sec. 96 interim-moratorium benefit not applicable to borrower in recovery suit absent IBC proceedings

ITAT: Notional rent on vacant flats/shops held as stock-in-trade, to be computed under Income from House property

• In Favour of Assessee
• Citation Number : TS-475-ITAT-2026(Mum)