Analysis of Important Provisions of Finance Bill, 2026 Impacting Block Assessment

SC: Refuses interference in refund of unutilised Compensation Cess to SAIL; Interest issue left open

• In Favour of Petitioner
• Citation Number : TS-48-SC-2026-GST

HC: Refund rejection order non-est; Directs refund of unutilised Compensation Cess with statutory interest

• In Favour of Petitioner
• Citation Number : TS-763-HC(JHAR)-2023-GST

Finance Bill 2026 Signals a Turning Point for IT Captives and GCCs

ITAT: Penalty u/s 43 of BMA, discretionary & cannot be levied automatically; Restores issue to AO

• In Favour of Assessee
• Citation Number : TS-1766-ITAT-2025(Bang)

NCLT: Trademark registered in corporate-debtor’s name constitutes ‘intangible asset’, can’t be used without due authorisation

Rationalization of Penalty and Prosecution

The Budget Journey: from Complexity to Clarity

After Individual Taxpayer’s Now Corporates: Oblique Move for Pushing Transition to New Regime

SC: Sec. 29A(5) application for extension of Arbitrator’s mandate maintainable even after expiry of time

ITAT: Quashes final assessment order being time barred u/s.153; Follows judicial precedent

• In Favour of Assessee
• Citation Number : TS-107-ITAT-2026(DEL)-TP

Significant GST and Indirect Tax Rulings, Litigation Trackers, Notifications and Circulars for January 2026

SC: SC to examine whether CCI can probe patent-linked abuse of dominance disputes

ITAT: Quashes final assessment order being time barred u/s.153; Follows judicial precedent

• In Favour of Assessee
• Citation Number : TS-106-ITAT-2026(DEL)-TP

ITAT: No Sec. 234C interest if advance tax paid on due date; Date of credit to department beyond Assessee's control

• In Favour of Assessee
• Citation Number : TS-121-ITAT-2026(Mum)

ITAT: Quashes final assessment order being time barred u/s.153; Follows judicial precedent

• In Favour of Assessee
• Citation Number : TS-105-ITAT-2026(DEL)-TP

ITAT: Quashes final assessment order being time barred u/s.153; Follows judicial precedent

• In Favour of Assessee
• Citation Number : TS-104-ITAT-2026(DEL)-TP

NCLAT: Quashes CCI-order rejecting dominance abuse complaint in coal terminal case, remits matter

ITAT: Quashes final assessment order being time barred u/s.153

• In Favour of Assessee
• Citation Number : TS-103-ITAT-2026(DEL)-TP

ITAT: Quashes final assessment order being time barred u/s.153; Follows Roca Bathroom ruling

• In Favour of Assessee
• Citation Number : TS-96-ITAT-2026(DEL)-TP