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

ITAT: Directs assessee to pay 20% of tax demand for royalty payment and purchase of fixed assets

• In Favour of Assessee
• Citation Number : TS-249-ITAT-2026(DEL)-TP

ITAT: CIT(A)'s powers co-terminus with AO; Rules appellate authority must adjudicate on merits, not dismiss in limine

• In Favour of Assessee
• Citation Number : TS-386-ITAT-2026(Bang)

SAT: Upholds SEBI orders in Riddhi Siddhi delisting fraud; Reduces market debarment period

HC: Condones 169 days delay in filing ITR due to internal corporate disputes sans past default

• In Favour of Assessee
• Citation Number : TS-385-HC-2026(BOM)

HC: "Misappropriated" funds by partner’s relative not a deductible business expense; Upholds disallowance u/s 40A(2)

• In Favour of Revenue
• Citation Number : TS-384-HC-2026(MAD)

HC: Decrees suit in favour of Mahindra; Rejects post-decree dynamic injunction against future infringers

ITAT: Overseas "NRI Desk" expenditure of Bank of America qualify as head office expenditure; Restricts deduction u/s 44C

• In Favour of Revenue
• Citation Number : TS-383-ITAT-2026(Mum)

One-time “Labour Codes” Adoption Cost: Operating or Non-operating for Transfer Pricing?

Reckoning Group CEO as Significant Beneficial Owner of LinkedIn India is Far-Fetched

HC: Dismisses challenge against goods seizure as premature, citing Section 74 notice, no documents produced

• In Favour of Petitioner
• Citation Number : TS-180-HC(MP)-2026-GST

HC: Party must come clean before Court; Upholds blocking of electronic credit ledger

• In Favour of Respondent
• Citation Number : TS-179-HC(TEL)-2026-GST

HC: Purpose of petition stands served with unblocking of electronic credit ledger

• In Favour of Petitioner
• Citation Number : TS-178-HC(BOM)-2026-GST

NCLT: Approves Adani Enterprises’ Rs. 15,000 cr. resolution plan for Jaiprakash Associates

Copy of English version of Income tax Rules, 2026 as notified by Govt.