SEBI Special Court: Fines Co., directors for non-compliance of summons; Refrains from imposing custodial-incarceration considering old age

IBBI: Releases Study Report on MSMEs in IBC

HC: Affirms restriction of royalty on export sales @ 1%; Assessee cannot adopt inconsistent positions across years

• In Favour of Revenue
• Citation Number : TS-283-HC-2026(TEL)-TP

ITAT: Deletes TP-adjustment qua interest on loan, applies rule of consistency, follows Bharti-Airtel ruling

• In Favour of Assessee
• Citation Number : TS-281-ITAT-2026(DEL)-TP

ITAT: Professional charges paid for sourcing support services not 'shareholder activity', remits TP-adjustment

• In Favour of Both, Partially
• Citation Number : TS-280-ITAT-2026(CHNY)-TP

Madras HC seeks Revenue’s clarity on Sodexo’s manual replies after portal failed to accept online replies

HC: Awards Rs. 152 cr. damages to Communication Components in Antenna Patent infringement row

ITAT: Rules on comparables under subscription, service, SWD, ITeS segments; Considers turnover / RPT filters, etc

• In Favour of Assessee
• Citation Number : TS-279-ITAT-2026(Mum)-TP

ITAT: Penalty provisions u/s 271D not automatic; Assessee presenting ‘reasonable cause’ exonerated from penalty

• In Favour of Assessee
• Citation Number : TS-474-ITAT-2026(HYD)

ITAT: Excludes import duty payment from total operating cost; Allows working capital adjustment

• In Favour of Assessee
• Citation Number : TS-282-ITAT-2026-TP

In testy hearing, SC asks tough questions of taxpayers on JAO-FAO controversy

Madras HC stays demand against NIC over discrepancies between IRDA-based revenue recognition and GST returns

ITAT: Non-production & non-maintenance of relevant documents valid reason for rejection of books u/s 145(3)

• In Favour of Revenue
• Citation Number : TS-473-ITAT-2026(PAN)

HC: Trade credit not business income sans explanation of source, ineligible for Sec. 80IA deduction

• In Favour of Assessee
• Citation Number : TS-472-HC-2026(MAD)

HC: DRT lacks jurisdiction to regulate bank-borrower relationship, power to initiate contempt-proceedings under SARFAESI

AAAR: No ITC on leasehold land assignment where Assignee constructs factory for own permanent enjoyment

• In Favour of Respondent
• Citation Number : TS-212-AAAR(TN)-2026-GST

SC: ED, CBI to conclude Reliance Anil Ambani Group probe in ‘most dispassionate’, time-bound manner

CCI: Orders DG probe against Venkateshwara Hatcheries, cites prima facie vertical restraints in poultry sector

SC directs expedited hearing of Vedanta's challenge to Adani Group winning Jaiprakash Associates Bid

The Growing Cost of Correcting Mistakes Under the Income-Tax Act, 1961 - Part I