ITAT: AO's failure to verify genuineness of penny stock purchase & sale, erroneous & prejudicial; Upholds revision order

• In Favour of Assessee
• Citation Number : TS-1399-ITAT-2025(Rjt)

SEBI: Floats consultation paper relaxing identification norms for High Value Debt Listed Entities

Understanding the Impact of GST Rate Reductions - A Customer’s Perspective

SEBI: Proposes to permit incentives in debt public issues, to boost retail participation

US-Thailand Trade Framework Agreement removes barriers on 99% American goods for 19% reciprocal tariffs

US–Cambodia trade pact scraps tariffs on US goods; Opens mining, energy investment avenues

Vietnam framework agreement with US; Opens doors for Boeing, agriculture, pharma; Keeps 20% reciprocal tariff

US-Malaysia reciprocal trade pact assures US market access and investment in critical sectors

DPIIT releases Guidebook on Mapping of Harmonized System of Nomenclature

ITAT: CIT(A) failed to pass reasoned order & quantify undisclosed income; Restores Sec. 271AAB penalty appeal

• In Favour of Assessee
• Citation Number : TS-1398-ITAT-2025(GAU)

SC: Stays Bombay HC order restricting licensing of mark ‘KIRLOSKAR’ within Group Cos.

HC: Dismisses Sahara Group’s plea against ED's money-laundering probe into illegitimate money investment scheme case

HC: Clarifies Kirloskar's earlier order, expands restraint to include both licensing and assignment of trademarks

HC: Modifies injunction, allows Kirloskar Proprietary to license within group but bars overlapping assignments

HC: Unsigned order valid if officer details present; Permits to appeal against procedural infractions

• In Favour of Petitioner
• Citation Number : TS-879-HC(DEL)-2025-GST

HC: Writ not-maintainable if legible copies of order not sought before limitation expiry

• In Favour of Not Available
• Citation Number : TS-880-HC(DEL)-2025-GST

HC: Cannot hold-back re-credit of ITC due to technical limitation of GST portal

• In Favour of Petitioner
• Citation Number : TS-881-HC(DEL)-2025-GST

HC: Quashes electronic credit ledger blocking beyond Rs. 1 Crore

• In Favour of Petitioner
• Citation Number : TS-882-HC(ALL)-2025-GST

HC: Upholds dual requirement of written reply and oral hearing for natural justice; Quashes order

• In Favour of Petitioner
• Citation Number : TS-883-HC(ALL)-2025-GST

HC: Quashes ex-parte GST registration cancellation as taxpayer presumed GSTIN could be revived

• In Favour of Petitioner
• Citation Number : TS-884-HC(KAR)-2025-GST