ITAT: Deletes unexplained jewellery addition, as source accepted in spouse’s assessment on identical satisfaction note

• In Favour of Assessee
• Citation Number : TS-1338-ITAT-2025(Bang)

ITAT: No duplication or excessive bad debts deduction claim, allows deduction under both Secs. 36(1)(vii) & 36(1)(viia)

• In Favour of Assessee
• Citation Number : TS-1369-ITAT-2025(Mum)

ITAT: Condones delay of Sec. 80G registration renewal, filed belatedly due to portal glitches; Directs readjudication

• In Favour of Assessee
• Citation Number : TS-1322-ITAT-2025(Mum)

SEBI: Proposes Consolidated Framework for Administration of Stock Exchanges; Streamlines governance, eases compliance

SEBI: Extends timeline for allocation methodology disclosure by Angel Funds under revised AIF framework

SC: Prosecutor cannot declare witness hostile over minor or insignificant ommissions

SC: Plaint cannot be rejected on limitation if one of several reliefs sought is not time-barred

SEBI: Eases minimum disclosure norms by listed entities to audit committees, shareholders for RPTs

SC: Quashes HC-order granting parity to commercial entity with farmers, relief for disadvantaged cannot extend to Corporates

ITAT: Deletes addition of demonetisation deposits as source explained, Revenue failed to rebut explanation

• In Favour of Assessee
• Citation Number : TS-1340-ITAT-2025(Mum)

SC: Substantial justice over procedure, holds denial of cross-examination ‘final nail in defence’s coffin’

IFSCA: Specifies rules for Governing Boards of MIIs; Mandates appointing Public Interest Director

SC: Minor can repudiate voidable sale by conduct, suit for cancellation not mandatory

SC: Insurer jointly liable with employer under Workmen’s Compensation Act; Raps HC’s technical approach

SC: Surrogacy Act’s age-limits don’t apply retrospectively; Protects rights of couples with frozen embryos

SC: Judicial Officers with 7 years’ combined experience eligible for direct recruitment as District Judges

ITAT: Quashes reassessment on fictitious LTCG basis incorrect facts, cites lack of due diligence & application of mind

• In Favour of Assessee
• Citation Number : TS-1353-ITAT-2025(Ahd)

ITAT: Rejects plea of Sec. 69A inapplicability sans books of accounts, upholds unexplained cash addition

• In Favour of Assessee
• Citation Number : TS-1366-ITAT-2025(Mum)

ITAT: Deletes unexplained cash addition generated from purported VAT evasion; Quashes reassessment

• In Favour of Assessee
• Citation Number : TS-1365-ITAT-2025(DEL)

HC: Affirms cheque dishonour accused’s conviction absent evidence to rebut ‘presumption’