ITAT: No business nexus, no deduction u/s 36(1)(iii): Disallows interest to Tata Chemicals on loans used to fund subsidiaries

• In Favour of Assessee
• Citation Number : TS-128-ITAT-2026(Mum)

Budget 2026 – A Structural Reset of India’s Transfer Pricing Framework

MCA: Seeks public comments on draft rules revising eligibility criteria for Registered Valuer Organisation

HC: Revenue to explore service through other modes if portal notice goes unanswered; Cites ex-parte order an 'empty formality'

• In Favour of Both, Partially
• Citation Number : TS-127-HC-2026(MAD)

HC: Quashing inquiry-stage summons akin to seeking anticipatory bail; Not equatable with initiation of proceedings

• In Favour of Respondent
• Citation Number : TS-50-HC(DEL)-2026-GST

Turbocharging India’s GCCs - Budget 2026

ITAT: Quashes final assessment-order; Holds assessee not ‘eligible’ since no variation proposed by TPO

• In Favour of Assessee
• Citation Number : TS-114-ITAT-2026(DEL)-TP

ITAT: Absence of addition or lack of detailed discussion, doesn’t render assessment erroneous; Quashes revision order

• In Favour of Assessee
• Citation Number : TS-126-ITAT-2026(Ahd)

HC: Failure to seek deposit in enforcement-petition no ground to maintain separate Sec. 9 plea

ITAT: Upholds interest on share-investment being 'sham', also disallows Sec.80IA deduction for Tata Chemicals

• In Favour of Revenue
• Citation Number : TS-113-ITAT-2026(Mum)-TP

CCI: Orders DG probe against IndiGo for alleged dominance abuse following mass flight cancellations

SEBI: Floats Consultation Paper proposing revamp of ‘Fit and Proper Person’ criteria under Intermediaries Regulations

OECD releases revised version of Manual on Effective Mutual Agreement Procedures (MEMAP), 2026

HC: Mechanical intermediary classification to deny un-utilised ITC ‘cryptic’; Absence of third-party findings vitiates orders

• In Favour of Petitioner
• Citation Number : TS-49-HC(TEL)-2026-GST

HC: Allows pre-arbitration audit of Co. providing IT enabled services in alleged data theft dispute

Tiger: An Uneasy Approach to Treaty Override

ITAT: Excludes 7 companies having high turnover; Applies LIBOR as interest on overdue receivable

• In Favour of Assessee
• Citation Number : TS-112-ITAT-2026(Bang)-TP

ITAT: Quashes final assessment order passed by JAO on account of being time barred u/s.144C(13)

• In Favour of Assessee
• Citation Number : TS-111-ITAT-2026(DEL)-TP

ITAT: Quashes final assessment order passed without incorporating DRP’s direction

• In Favour of Assessee
• Citation Number : TS-110-ITAT-2026(DEL)-TP

SC hears Sr. Adv. Tarun Gulati, WB on police powers vis-à-vis GST-authorities for detaining goods-in-transit