NCLT: Directs liquidation of Hero Electric Vehicles as CIRP expires without approved resolution plan

Leading Mumbai based Chartered Accountant Pankaj Jain passes away

ITAT: No double taxation on turnover; Holds disclosed sales cannot be treated as unexplained cash credits

• In Favour of Assessee
• Citation Number : TS-330-ITAT-2026(Mum)

SC stays HC-judgment holding Sec. 73 notice unsustainable without fraud, willful misstatement or suppression

HC: No jurisdiction u/s 73 over difference in turnover in absence of fraud, willful misstatement

• In Favour of Petitioner
• Citation Number : TS-1091-HC(GUJ)-2025-GST

ITAT: Alleged financial irregularities not ‘specified violation’ u/s 13(1)(c)/ 13(1)(d) for cancellation of registration u/s 12AB

• In Favour of Assessee
• Citation Number : TS-329-ITAT-2026(DEL)

SC posts Revenue’s SLP in Colorcon to May, awaits Bombay HC judgment

ITAT: Absence of detailed notes in assessment order doesn't prove lack of inquiry; Quashes revision u/s 263

• In Favour of Assessee
• Citation Number : TS-325-ITAT-2026(Bang)

MSME Ministry: MSME digital adoption reviewed through e-commerce, GeM and ONDC participation

MSME Ministry promotes energy efficiency and green practices in MSME sector

IBBI: Rolls out PGIRP e-Forms to ease compliance burden for IPs in personal guarantors insolvency

Bombay HC directs withdrawal of registration suspension basis failure to follow due process; Lifts attachment

USTR initiates Section 301 probe on manufacturing overcapacity affecting U.S. commerce; Flags India

SC: Party can’t reserve jurisdictional objection u/s 16 to wipe out past conduct, acquiescence

SEBI: Relaxes certification requirements for PARS performing sales, non-core services

HC: Allows United Spirit’s writ, directs refund; Revenue precluded from passing order post Tribunal-remand

• In Favour of Assessee
• Citation Number : TS-223-HC-2026(KAR)-TP

HC: Removal of company's name from Register of Companies doesn't render arbitration agreement inoperative

ITAT: Holds disputed contractual liability admissible as expense in AY in which it is settled between parties

• In Favour of Assessee
• Citation Number : TS-324-ITAT-2026(DEL)

ITAT: Excludes comparables having huge turnover for SWD-service provider, follows precedents

• In Favour of Both, Partially
• Citation Number : TS-222-ITAT-2026(Bang)-TP

ITAT: Excludes functionally dissimilar company; DRP wrongly refers to website of another company

• In Favour of Assessee
• Citation Number : TS-224-ITAT-2026(DEL)-TP