ITAT: Profit estimation on turnover at fixed percentage cannot be applied in an arbitrary manner; Deletes addition

• In Favour of Assessee
• Citation Number : TS-338-ITAT-2026(Ahd)

SEBI: Penalises Co., Executive Director for non-cooperation with CARE

SEBI: Penalises non-promoter shareholder for failing to disclose shareholding change under PIT Regulations

USTR opens probe into 60 nations, including India, for gaining forced-labour driven “cost advantage”

ITAT: Quashes rectification u/s 154 denying exemption u/s 10AA sans reasonable opportunity, mistake apparent on record

• In Favour of Assessee
• Citation Number : TS-333-ITAT-2026(Mum)

ITAT: Sec. 68 addition unsustainable sans credit entry in Assessee’s books; Uncorroborated third-party info insufficient

• In Favour of Assessee
• Citation Number : TS-328-ITAT-2026(Mum)

ITAT: Assessees under ‘Souharda Act’ are co-op societies for Sec.2(19), eligible for deduction u/s 80P

• In Favour of Assessee
• Citation Number : TS-327-ITAT-2026(Bang)

SEBI: Floats Consultation Paper proposing revision in threshold limits for simplified documentation

HC: Quashes Sec. 148 notices issued beyond timelines specified by SC in both Ashish Agarwal & Rajeev Bansal

• In Favour of Assessee
• Citation Number : TS-337-HC-2026(GUJ)

ITAT: Confirms reassessment basis live link between material & belief; Rejects challenge to AO’s jurisdiction

• In Favour of Revenue
• Citation Number : TS-336-ITAT-2026(Ahd)

ITAT: Deletes Sec. 69C addition on bogus purchases sans discrepancy in Assessee’s voluminous evidences

• In Favour of Assessee
• Citation Number : TS-326-ITAT-2026(Mum)

ITAT: Allows Sec. 80IB(11A) deduction for milk chilling & preservation activities, cites expanded scope post-FA 2009

• In Favour of Assessee
• Citation Number : TS-335-ITAT-2026(HYD)

HC: Denies bail to former Excise Commissioner in Chhattisgarh liquor scam; Rejects parity plea

ITAT: Deletes disallowance u/s 37 on furnishing all documents; Rejects Revenue's contradictory stand on GST Laws

• In Favour of Assessee
• Citation Number : TS-334-ITAT-2026(DEL)

HC: Affirms injunction against Crocodile International for infringing Lacoste’s crocodile TM, rejects passing-off plea

ITAT: Dismisses Revenue’s MA against Tribunal-order w.r.t AMP adjustment, corporate guarantee

• In Favour of Assessee
• Citation Number : TS-229-ITAT-2026(CHNY)-TP

ITAT: Upholds CIT(A)’s deletion of adjustment qua royalty payment; Rules on comparables

• In Favour of Both, Partially
• Citation Number : TS-231-ITAT-2026(DEL)-TP

HC: Quashes penalty levied u/s. 270A, AO unaware of ITAT’s order deleting quantum addition

• In Favour of Assessee
• Citation Number : TS-230-HC-2026(BOM)-TP

SC: Directs status quo in Mumbai slum redevelopment dispute pending NCLT decision in oppression-mismanagement petition

HC: Allows additional depreciation on assets acquired in previous year & put to use for less than 180 days

• In Favour of Assessee
• Citation Number : TS-332-HC-2026(MAD)