CBDT issues Form wise FAQs & Guidance notes for new Income tax Rules, 2026

CBDT issues detailed FAQs on interplay & transition to new Income tax Act, 2025

SC: Bars counterclaim post resolution plan; Allows set-off as defence

DGFT amends EPM interest subvention guidelines; Clarifies UIN, eligibility conditions

HC: Pre-determination of unregistered person's classification/taxability in SCN proposing best judgment assessment, impermissible

• In Favour of Petitioner
• Citation Number : TS-181-HC(KER)-2026-GST

SC: Rejects MCA's appeal against HC order upholding CLB's decision in alleged mismanagement case

SC: Rejects 'misconceived' objection to arbitrator's appointment from SAROD panel; Disposes of contractor's SLP

SC: Equates adoptive and biological parenthood, quashes 3-month age cap; Urges paternity leave recognising shared caregiving

SC: Air Force Group Insurance Society a ‘State’ under Article 12 given deep and pervasive Govt. control

SC: Functional disability must reflect actual real loss of earning capacity; Enhances compensation reduced by HC

SC: Corporate undertaking to discharge liability constitutes valid independent guarantee; Holds Bank liable for wrongful remittance

SC: Permits passive euthanasia for patient in vegetative state; Allows CANH withdrawal to ensure “end-of-life” care

SC: Corporate FDR disputes involving fraud, pledge claims fall outside consumer jurisdiction

SC: Upholds post-retirement disciplinary proceedings, rules penalties valid if initiated before superannuation under service rules

SC: Quashes frivolous criminal proceedings against director Sujoy Ghosh in copyright case over film “Kahaani-2”

NCLT: Sec. 66 can't be invoked for post-CIRP subsidiary transactions; Rejects RCOM RP's plea

When Power Leaves the Factory: Tax Issues in Captive Electricity

ITAT: Confirms deletion of TP-adjustment qua export of pharmaceutical products; Follows earlier order

• In Favour of Assessee
• Citation Number : TS-244-ITAT-2026(Mum)-TP

CBDT notifies promotion of 23 officers to CIT grade

Tariff Wars – A Trilogy on the New Age of Trade