ITAT: ITAT: Beneficial object of provision defeated if deduction rejected on technical grounds; Allows deduction u/s 54

• In Favour of Assessee
• Citation Number : TS-434-ITAT-2026(Mum)

HC: Britannia’s pentagonal device lacks distinctiveness, no infringement by “RENEWTRIA” device mark

HC: Reiterates borrower's right to redeem mortgage extinguishes upon publication of auction-notice; Quashes DRT order

HC: Stays operation of 92CA(1) reference along with assessment proceedings

ITAT: Rules Sec. 23 inapplicable to active business assets, cites outside ambit of income from house property

• In Favour of Assessee
• Citation Number : TS-433-ITAT-2026(Mum)

Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill

Remote Working by the Gulf Employees in India Under Regional Tension: Permanent Establishment and Other Tax Risks”

FinMin: RBI strengthens framework on Unauthorised Electronic Banking Transactions

FinMin: RBI, IRDAI and SEBI intensify measures to help citizens reclaim unclaimed deposits

SEBI: Releases Consultation Paper on framework of IT Resilience Index for MIIs

HC: Packaging similarity not determinative of “brand name”; Sustains exemption on relinquishment of brand-rights

• In Favour of Petitioner
• Citation Number : TS-202-HC(MAD)-2026-GST

ITAT: Underwriting commission not FTS, assurance for purchasing unsubscribed shares doesn’t require rendering of services

• In Favour of Assessee
• Citation Number : TS-432-ITAT-2026(Mum)

HC: In Instakart's petition, reads down Section 16(2)(c)/Rule 36(4) to allow ITC to bonafide recipients despite supplier's default

• In Favour of Petitioner
• Citation Number : TS-201-HC(KAR)-2026-GST

ITAT: ITAT: Distinguishes Hexaware, underscores concurrent/complementary jurisdiction notwithstanding faceless scheme

• In Favour of Revenue
• Citation Number : TS-431-ITAT-2026(Mum)

ITAT: Deletes Sec. 272A(1)(d) penalty given Assessee’s bona fide conduct & remand of quantum proceedings

• In Favour of Assessee
• Citation Number : TS-419-ITAT-2026(Ahd)

ITAT: Failure to issue draft assessment order u/s 144C, violation of procedure; Quashes assessment

• In Favour of Assessee
• Citation Number : TS-420-ITAT-2026(DEL)

ITAT: Multiplicity of criminal proceedings & continuous incarceration constitutes ‘sufficient cause’ for condonation of delay

• In Favour of Assessee
• Citation Number : TS-425-ITAT-2026(DEL)

ITAT: Quashes revision on CSR & Sec. 14A disallowance sans adjustment in MAT book profit u/s 115JB as twin conditions not fulfilled

• In Favour of Assessee
• Citation Number : TS-424-ITAT-2026(Ahd)

HC: Quashes reassessment based on GST cancellation order which stood revived by GST appellate authority

• In Favour of Assessee
• Citation Number : TS-422-HC-2026(GUJ)

HC: HC: Quashes assessment order passed subsequent to IBC resolution plan despite NCLT approval for continuation of adjudication

• In Favour of Assessee
• Citation Number : TS-430-HC-2026(GUJ)