ITAT: Rules on comparables selection, risk adjustment, working-capital adjustment; Follows earlier orders

• In Favour of Both, Partially
• Citation Number : TS-109-ITAT-2026(DEL)-TP

HC: Rejects Revenue’s plea to treat ‘issued’ as ‘served’ u/s 143(2), as words not interchangeable; Quashes assessment

• In Favour of Assessee
• Citation Number : TS-125-HC-2026(TEL)

ITAT: Upholds CIT(A)’s order treating amortisation of goodwill as non-operating expense

• In Favour of Assessee
• Citation Number : TS-108-ITAT-2026(CHNY)-TP

HC: Grants interim injunction restraining unauthorised use of ‘ORCHID’ for hotel services

HC: Disclosure post-survey not 'voluntary'; No interest waiver for disclosures prompted by Revenue action

• In Favour of Revenue
• Citation Number : TS-124-HC-2026(TEL)

HC: Temporarily bars use of ‘KINDMEDICS’ infringing Mankind Pharma’s ‘KIND’ marks

HC: Quashes rejection of Provivi’s patent citing violation of natural justice; Remands for de novo examination

HC: Grants ex-parte injunction protecting “Happi Planet” TMs and trade dress

HC: Restrains illegal streaming of ICC Women’s T20 World Cup 2024 by rogue websites

NCLT: Admits popular entertainment operator Smaaash Leisure into insolvency for post-Sec. 10A period default

ITAT: Compensation to HUL for relinquishment of licensed user rights of trademark “Savlon”, taxable revenue receipt

• In Favour of Revenue
• Citation Number : TS-123-ITAT-2026(Mum)

ITAT: Oral agreements lack legal teeth; Disallows long term capital loss on unregistered property deals

• In Favour of Both, Partially
• Citation Number : TS-122-ITAT-2026(DEL)

A Smoother Landing: India’s New Baggage Regime Welcomes the World

Let the Baggage Be!

NCLT: Directs convening of creditors' meetings for consideration of proposed demerger scheme

NCLT: Dispenses with convening shareholders' meeting in proposed amalgamation between liquor manufacturing cos.

NCLT: Approves amalgamation between Bayer Zydus Pharma and Bayer Pharmaceuticals to achieve operational efficiencies

NCLT: Sanctions reverse merger of MoEngage Inc. into MoEngage India

HC: In a first, Madras HC permits use of AI tool "Superlaw Courts" to assist in arbitration matter

KNAV acquires majority stake in UAE’s Affiniax, strengthening its Middle East presence