HC: Reassessment proceedings cannot be initiated to review earlier stand adopted during original assessment

• In Favour of Assessee
• Citation Number : TS-354-HC-2026(GUJ)

HC: Tariff petition and license fee collected by State Electricity Regulatory Commission not ‘consideration’; Quashes GST-levy

• In Favour of Petitioner
• Citation Number : TS-159-HC(P&H)-2026-GST

HC: Sale consideration on assignment of self-generated trademarks not taxable as capital asset

• In Favour of Assessee
• Citation Number : TS-353-HC-2026(GUJ)

Link DRC-03 payment with DRC-03A for recognition in appeal pre-deposit calculation - GSTN Advisory

HC: Non-resident’s foreign bank deposits ineligible for Indian taxation; Deletes addition

• In Favour of Assessee
• Citation Number : TS-352-HC-2026(BOM)

ITAT: Upholds Sec. 43B disallowance on employee liability transferred on slump sale sans actual payment prior to due date u/s 139(1)

• In Favour of Assessee
• Citation Number : TS-350-ITAT-2026(HYD)

ITAT: Reassessment based on suspicion of fund rotation sans tangible material indicating escapement of income unsustainable

• In Favour of Assessee
• Citation Number : TS-345-ITAT-2026(DEL)

ITAT: Sets aside Sec. 12AB registration cancellation of microfinance entity; Remits matter for fresh adjudication on public utility

• In Favour of Assessee
• Citation Number : TS-348-ITAT-2026(DEL)

ITAT: Surcharge not leviable on discretionary trust taxed at maximum marginal rate where income below Rs. 50 Lacs

• In Favour of Assessee
• Citation Number : TS-341-ITAT-2026(Kol)

HC: Quashes reassessment notice for AY 2014-15, as falling beyond 10 year limitation from searched AY

• In Favour of Assessee
• Citation Number : TS-340-HC-2026(GUJ)

FinMin: Introduces framework for minimum public offer requirements based on post issue capital

ITAT: Sets aside reassessment in deceased's name as null and void; Follows Savita Kapila

• In Favour of Assessee
• Citation Number : TS-351-ITAT-2026(DEL)

HC: Citing anti-arbitration injunction ‘exceptional relief’, declines interference in proceedings before London Maritime Arbitrators Association

HC: No enforcement of outstanding demand where ‘assessee-not-in default’ vide Tribunal finding; Quashes orders

• In Favour of Assessee
• Citation Number : TS-349-HC-2026(DEL)

NCLAT: Upholds PRA's Sec. 29A ineligibility; Rejects recall plea, directs continuation of CIRP

Copy of SC order adjourning Revenue's Colorcon SLP to May

SC: Cases built on public perceptions risk convicting innocents; Affirms acquittal in parents-murder matter

SC: Mere recovery of currency notes doesn’t constitute incriminating circumstance without corroborative evidence

SC: Raiding party members in corruption-trap case cannot be considered as interested witnesses

SC: Directs Union to formulate “no-fault” compensation framework for adverse events following COVID-vaccination