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

ITAT: Directs AO/TPO to compute PLI by treating goodwill as non-operative expense

• In Favour of Assessee
• Citation Number : TS-227-ITAT-2026(DEL)-TP

ITAT: Rules on comparables selection, corporate guarantee in case of NDTV Ltd

• In Favour of Assessee
• Citation Number : TS-226-ITAT-2026(DEL)-TP

HC: Temporarily restrains cafe owner from playing copyrighted sound recordings without license

HC: Decrees TM suit in IPCA Laboratories’ favour, restrains use of deceptively similar mark “ZEKODOL-P”

HC: Stays registration of mark “THE BREW BUKHARA”, protects ITC’s well-known TM “BUKHARA”

HC: Decrees suit in favour of Verizon, restrains recruitment scam misusing Verizon’s TMs

HC: Allows ex parte injunction to DAZN, blocks rogue streaming websites for boxing event broadcast

HC: Sets aside rejection of Topotarget’s patent application; Controller must independently assess patent applications

HC: Interim ban protecting Swami Ramdev’s personality rights, orders takedown of infringing content

ITAT: Dismisses assessee’s appeal as withdrawn; Considers TP issues being resolved in light of MAP resolution

• In Favour of Assessee
• Citation Number : TS-225-ITAT-2026(Mum)-TP

ITAT: Rejects wrong PIN-code plea, portal upload of Sec. 148 notice considered valid service; Restores matter

• In Favour of Both, Partially
• Citation Number : TS-323-ITAT-2026(DEL)

HC: Transfers PMLA case to CBI Special Court trying predicate scheduled offence under PC Act

ITAT: Slams Assessee's 'sinister design' for tax evasion; Sustains disallowance as deduction claim being colourable device

• In Favour of Revenue
• Citation Number : TS-322-ITAT-2026(DEL)

ITAT: Sec. 143(1) adjustments made without statutory intimation, invalid, cites prior notice mandatory

• In Favour of Assessee
• Citation Number : TS-321-ITAT-2026(Mum)

IBC Round-Up – February, 2026

HC: CGST Act doesn’t allow cash seizure, and its transfer to I-T Dept. for further process

• In Favour of Petitioner
• Citation Number : TS-150-HC(BOM)-2026-GST

The Step-Child Conundrum: Family Law Concepts and Clubbing of Minor’s Income in the New Income-tax Act