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

HC: Upholds addition of undisclosed income basis probative value of entries found in loose sheets; Rejects theory of telescoping

• In Favour of Revenue
• Citation Number : TS-400-HC-2026(MAD)

SEBI: Non-individual IA to mandatorily maintain client-level segregation of advisory & distribution activities

ITAT: Mechanical comparison with earlier AY’s expenditure sans FMV, invalid; Deletes disallowance

• In Favour of Assessee
• Citation Number : TS-399-ITAT-2026(Mum)

SC grants interim-relief from Rs.159 cr demand subject to deposit half of pre-deposit amount

SEBI: Issues Master Circular for Investment Advisers to consolidate guidelines on fees, supervision

SC tags Sutherland’s plea challenging vires of notification restricting cess transition with pending SLP

HC: Dismisses challenge to notification restricting transition of eligible cesses

• In Favour of Respondent
• Citation Number : TS-1094-HC(MAD)-2025-GST

ITAT: Rejects AO’s action of treating entire receipts u/s 69 when partial amount disclosed in return of income

• In Favour of Assessee
• Citation Number : TS-398-ITAT-2026(Mum)

SC quashes excise demand on 'Naphtha' used largely for fertilizer production despite partial non-fertilizer use

CBDT notifies Indian Institute for Human Settlements, Bangalore u/s 35(1)(ii)

HC: "Fundamental rights can't be curtailed due to prolonged probe"; Quashes LOC against NDTV ex-directors

CBDT clarifies Pr.CIT/CIT have powers to condone delay in filing Form No. 10A u/s 12A(1)

DGFT withdraws 50% cap on RoDTEP benefits till March 31 amid West Asia Trade disruptions

SEBI Board: Approves omission of winding-up proceedings as 'disqualification' ground, Chairman, WTMs inclusion within "insider" definition

DGTR recommends continuation of ADD on Polyol, Filament Yarn and Beta Napthol

DGFT amends SION A-2005 for Phenoxyethanol input norms

Duty-free nuclear imports till 2035 to enable faster project execution and lower electricity costs

CBIC notifies tariff values for gold, silver, oils & areca nuts