ITAT: Modest initial activities do not negate charitable objects of trust; Sets aside rejection of Sec 12AB registration

• In Favour of Assessee
• Citation Number : TS-1329-ITAT-2025(Bang)

Tax Beats #3 - Income-tax Act, 2025 Distilled with Pramod Achuthan

SC grants interim stay on Rs. 780 cr. demand against Nirdesa Games; Tags with Gameskraft batch

ITAT: Allows claim of inventory loss & inventory diminution write off to Sahara India Real Estate

• In Favour of Assessee
• Citation Number : TS-1328-ITAT-2025(DEL)

SC: Cheque-bounce proceedings maintainable against 'signatory' Trustee even if Trust not arrayed as 'accused'

Ireland : Budget 2026 in Depth: MoF Proposes PIT Reliefs, Measures to Support Businesses, Housing Sector and Climate Change

ITAT: Condones delay in filing appeal, excludes time spent in Sec. 154 proceedings as participated with due diligence

• In Favour of Assessee
• Citation Number : TS-1327-ITAT-2025(Mum)

IFSCA: Launches Foreign Currency Settlement System for Banking Units

RBI: Invites public feedback on Draft Reserve Bank – Ombudsman Scheme, 2025

RBI: Expands Integrated Ombudsman Scheme to include State, Central Co-operative Banks from Nov 1

SEBI: Revamps block deal framework to enhance transparency and efficiency

MCA: Introduces revised Form IEPF-5 for claiming unpaid amounts, shares from Investor Education and Protection Fund

SC: Copy of SC-order dismissing Revenue’s SLP on funds attached u/s 107 after pre-deposit payment

• In Favour of Petitioner
• Citation Number : TS-851-SC-2025-GST

GST Reforms Drive Inclusive Growth in Arunachal Pradesh and Kerala

Delhi Govt revises GST rates on Molasses, Millet-based Food, and Industrial Spirits

AT PMLA: Upholds attachment-orders in Rs. 1866 cr. Satyam Computers scam, but grants partial relief to ex-Chairman's sons

ITAT: ITAT: Rejects Rule 27 application as issues never raised before CIT(A); Upholds Sec. 68 addition

• In Favour of Revenue
• Citation Number : TS-1326-ITAT-2025(Mum)

HC: Disposes Vodafone India's writ, declares corporate guarantee given to Department by AE as cancelled

• In Favour of Assessee
• Citation Number : TS-588-HC-2025(BOM)-TP

ITAT: Recalls Tribunal’s order; Holds if Revenue’s revised grounds considered, tax effect is above monetary limit

• In Favour of Revenue
• Citation Number : TS-592-ITAT-2025(HYD)-TP

ITAT: Remits TP adjustment qua payment of infrastructure fee & expense reimbursement; Directs verification of additional evidences

• In Favour of Assessee
• Citation Number : TS-593-ITAT-2025(DEL)-TP