SC: “Fund diversion cannot be ratified by shareholders”; Restores SEBI-penalty for misusing preferential allotment funds

HC: Upholds rejection of Novo Nordisk’s plea to restrain Dr. Reddy’s from manufacturing, exporting Ozempic-like drug

ITAT: Deletes TP-adjustment w.r.t corporate guarantee commission, follows earlier order

• In Favour of Assessee
• Citation Number : TS-236-ITAT-2026(Mum)-TP

CBIC prescribes procedure for handling export cargo returned amid Strait of Hormuz closure

RBI: Slaps Rs. 3.10 lakh penalty on Cashfree Payments India for impermissible debit from escrow account

RBI: Slaps Rs. 2.70 lakh penalty on Manappuram Finance for violating KMP compensation guidelines

ITAT: Performance guarantee linked to SWD/licensing business; No separate benchmarking as financial guarantee required

• In Favour of Both, Partially
• Citation Number : TS-235-ITAT-2026(CHNY)-TP

ITAT: ITAT: Taxing an amount already offered to tax, tantamount to double taxation; Deletes addition u/s 68 & 69C

• In Favour of Assessee
• Citation Number : TS-364-ITAT-2026(DEL)

NCLT: Phrase "commercial wisdom" can't override CIRP irregularities; Rejects plea seeking resolution plan approval

Telangana HC to examine if 3-month gap between SCN and Order u/s 73(2) is mandatory

ITAT: Arrangement of sharing IPO costs between company & Assessee-seller, not "colourable device"; Allows deduction u/s 48(i)

• In Favour of Assessee
• Citation Number : TS-363-ITAT-2026(Mum)

SC stays High Court order on strict compliance with 60-days timeline for passing refund order

HC: Periodic payments doesn't convert developer into contractor; Allows Sec. 80-IA deduction for infrastructure projects

• In Favour of Assessee
• Citation Number : TS-362-HC-2026(BOM)

SC: “Fund diversion for object not set out in EOGM notice, breaches PFUTP Regulations”; Overturns SAT-order

Telangana HC defers judgment pronouncement in Fino Payments Bank MD arrest matter

HC: Concessional tax-rate to HDPE-Drum supplier only on direct supply to 'port of export'; Upholds AAAR-ruling

• In Favour of Respondent
• Citation Number : TS-163-HC(KAR)-2026-GST

NFRA issues Inspection Reports for big network firms

ITAT: ITAT: Holds Escorts Ltd. eligible for Sec. 37(1) deduction towards payment of corporate guarantee arbitration award

• In Favour of Assessee
• Citation Number : TS-361-ITAT-2026(DEL)

SEBI: Levies Rs. 10 lakh penalty on stock broker following cyber security compliance inspection

HC: Quashes assessment order passed on non-existent entity, holds Revenue accountable for ITBA portal’s glitches

• In Favour of Assessee
• Citation Number : TS-234-HC-2026(DEL)-TP