Bombay HC stays bank account attachment of IDFC First Bank over demand on non-existent entity

HC: Sets aside 'flawed' arbitral award directing refund to JSW Steel; Partly upholds Single-Judge’s order

Recalibrating Tax Adjudication: Integration of Assessment and Penalty Proceedings

ITAT: Sec. 56(2)(vii)(b) inapplicable to transactions made prior to April 2013; No IFoS on property held as stock-in-trade

• In Favour of Assessee
• Citation Number : TS-369-ITAT-2026(HYD)

HC: Dismisses challenge to confiscation for Assessee's failure to establish locus

• In Favour of Respondent
• Citation Number : TS-167-HC(GUJ)-2026-GST

ITAT: Allows Sec. 54F deduction & quashes entire reassessment based on wrong appreciation of facts

• In Favour of Assessee
• Citation Number : TS-367-ITAT-2026(Ahd)

SC: "Bank can’t act contrary to mandate issued by customer"; Holds liable for wrongful fund-remittance

SC: Grants bail to accused in PMLA case, says detention pending trial not necessary

SC: Affirms HC order declining reliefs to ex-IAS officer in PMLA case; Disposes of SLP

AAR: Rubber rings for sprinkler/drip irrigation taxable at 5% if made of hard rubber

• In Favour of Applicant
• Citation Number : TS-166-AAR(RAJ)-2026-GST

AAR: Bio-compostable carry bags classifiable under Chapter 39; 5% GST conditional on biodegradability

• In Favour of Applicant
• Citation Number : TS-165-AAR(RAJ)-2026-GST

Import policy of Jewellery, parts revised from free to restricted

DGTR recommends continuation of ADD on Chinese-origin Faced Glass Wool

ITAT: ITAT: Mandatory SCN for enhancement; CIT(A)’s direction to tax global salary without Sec. 251(2) compliance, unsustainable

• In Favour of Assessee
• Citation Number : TS-366-ITAT-2026(Mum)

Telangana HC to examine legality of negative blocking of ITC; Refuses interim relief

SEBI: Floats Consultation Paper on modified norms for nomination in demat accounts and MF folios

AAR: ‘Laundry Soaps’ not akin to ‘Toilet Soaps’, attract 18% GST; Distinguishable on usage and Total Fatty Matter

• In Favour of Applicant
• Citation Number : TS-164-AAR(CHAT)-2026-GST

ITAT: Adjudicates comparables selection, working capital adjustment, interest on receivables

• In Favour of Both, Partially
• Citation Number : TS-238-ITAT-2026(Bang)-TP

ITAT: ITAT: Shilpa Shetty’s gift case remanded for verification sans transaction details & documents

• In Favour of Assessee
• Citation Number : TS-365-ITAT-2026(Mum)

ITAT: Upholds deletion of addition qua preference-shares investment; Follows earlier orders

• In Favour of Assessee
• Citation Number : TS-237-ITAT-2026(Mum)-TP