ITAT: Allows assessee’s stay application seeking stay of recovery of outstanding demand of Rs.26.96 crores

• In Favour of Assessee
• Citation Number : TS-213-ITAT-2026(DEL)-TP

ITAT: Holds internal CUP as MAM for benchmarking interest on non-convertible debentures

• In Favour of Assessee
• Citation Number : TS-214-ITAT-2026-TP

ITAT: Quashes final assessment orders passed beyond limitation period post remand

• In Favour of Assessee
• Citation Number : TS-215-ITAT-2026(DEL)-TP

ITAT: Rules on comparables, imputes commission @ 0.04% on comfort letter for ICICI Bank

• In Favour of Assessee
• Citation Number : TS-216-ITAT-2026(Mum)-TP

PMLA Round-Up - February, 2026

Bombay HC reserves judgment on Revenue’s larger bench plea in DDT vs DTAA controversy

ITAT: No reassessment possible against non-existent company post-amalgamation; Quashes proceedings

• In Favour of Assessee
• Citation Number : TS-284-ITAT-2026(DEL)

HC: Omission of Rule 96(10) wipes out all proceedings initiated under it; Quashes refund recovery

• In Favour of Petitioner
• Citation Number : TS-134-HC(AP)-2026-GST

HC: Grants ex parte injunction protecting TATA and TATA POWER SOLAR TMs

HC: Protects “HARPIC” bottle shape TM, temporarily restrains Godrej from selling similar bottles

HC: Grants interim injunction restraining use of “LNPIL”, infringing TM “LINAPIL”

HC: Interimly bars misappropriation of Aniruddha Bapu’s personality rights, orders takedown of AI deepfakes

HC: Confirms injunction protecting well-known mark "DHL" against identical courier service marks

HC: Surplus funds generation doesn't automatically violate Trust’s objects u/s 12AA(3)

• In Favour of Assessee
• Citation Number : TS-283-HC-2026(P & H)

From Concession to Consideration- The GST Treatment of Post-Sale Discounts

NCLT: Appoints observer to supervise Co.’s affairs in oppression-mismanagement case

ITAT: New house constructed replacing old house under JDA, constitutes transfer; Assessee eligible for indexed COA

• In Favour of Assessee
• Citation Number : TS-282-ITAT-2026(Mum)

AAR: Transportation of segregated waste for Howrah Municipal Corporation exempt from GST

• In Favour of Applicant
• Citation Number : TS-132-AAR(WB)-2026-GST

AAR: FCI is government entity; Security services to it qualify as ‘pure services’, not exempt

• In Favour of Respondent
• Citation Number : TS-131-AAR(WB)-2026-GST

AAR: Paddle Wheel Aerators not ‘agricultural machinery’; Classifiable under HSN 8479, attracts 18% GST

• In Favour of Not Available
• Citation Number : TS-130-AAR(GUJ)-2026-GST