SC: Arbitral Tribunal’s Sec. 16 findings determine existence of arbitration agreement

SC: Restores arbitral award; Strikes contract clause creating vacuum in legal remedies

SC: CJM must ensure execution of possession warrant under SARFAESI; Quashes HC-order directing fresh petition

ITAT: Substantial benefit cannot be denied for procedural delay; Condones delay in filing Form 10-IC

• In Favour of Assessee
• Citation Number : TS-404-ITAT-2026(Mum)

ITAT: ITAT: Taxpayer entitled to claim deduction u/s 10A prior to setting off carry forward losses & unabsorbed depreciation

• In Favour of Assessee
• Citation Number : TS-403-ITAT-2026(AGR)

CBDT includes revised Critical Assumption in APAs in respect of updated Safe Harbour Rules

AAR: Indian Medical Association collecting subscription & organising seminars, liable for GST

• In Favour of Respondent
• Citation Number : TS-185-AAR(TN)-2026-GST

NCLAT: Rejects Sec. 9 application intended to shield criminal proceedings with Rs. 10 lakh cost

AAR: ITC eligible on renting motor vehicles for female employees’ night shift conveyance

• In Favour of Applicant
• Citation Number : TS-184-AAR(TN)-2026-GST

ITAT: Remits ALP determination; Notes TPO-reference not made despite transaction exceeding Rs.5 cr

• In Favour of Revenue
• Citation Number : TS-255-ITAT-2026(DEL)-TP

The EMI Scheme - Runway to AEO Takeoff

ITAT: Remits TP-adjustments w.r.t sale of belt etc, and administrative & consultancy expenses

• In Favour of Both, Partially
• Citation Number : TS-248-ITAT-2026(CHNY)-TP

NCLAT: RP’s work doesn’t end with Sec. 12A filing; Quashes NCLT's “drastic” fee reduction

ITAT: Rejects Nil ALP qua transfer of steam, frowns on Sec.144C transgression; Follows precedents

• In Favour of Both, Partially
• Citation Number : TS-254-ITAT-2026(DEL)-TP

HC: PMLA extends to property acquired from ‘proceeds of crime’ prior to enactment; Upholds ED's PAO

ITAT: Excludes functionally dissimilar comparables; Quashes time-barred final assessment order

• In Favour of Assessee
• Citation Number : TS-253-ITAT-2026(DEL)-TP

'BSC Beacon' - Tax & Regulatory Insights! | February 2026

HC: HC: Payment by Pfizer India to sister concern, reimbursement of cost-sharing expense, not liable for TDS u/s 40(a)(ia)

• In Favour of Assessee
• Citation Number : TS-402-HC-2026(BOM)

ITAT: Incorrect section doesn't vitiate assessment when taxpayer cognizant of nature of inquiry; Upholds addition

• In Favour of Revenue
• Citation Number : TS-401-ITAT-2026(Mum)

HC: Denies exclusive “PISCO” GI to Peru; Upholds registration of “PERUVIAN PISCO” to prevent confusion