Government raises SAED on diesel and ATF exports

ITAT: Deletes Sec. 69C addition citing alleged purchases as genuine; Cautions Revenue of appellate defects

• In Favour of Assessee
• Citation Number : TS-880-ITAT-2026(DEL)

RBI: Bars 135 entities from NBFC business following cancellation of Certificate of Registration

SEBI: Proposes harmonizing base price for call auctions in pre-open session

Sample testing of export consignments- Accredited lab-reports to suffice in non-risk cases

CBIC exempts MOT charges on clearance of international cruise passengers and baggage

IBBI: Issues guidelines for conducting valuation under IBC

ITAT: Rejects artificial project expenditure structures created to avoid Sec. 11(3)(d) restrictions; Upholds addition

• In Favour of Assessee
• Citation Number : TS-876-ITAT-2026(Mum)

CBIC apprises field formations of MeitY's HSE exemption, revised HDD CRO coverage

India's cumulative exports expected to rise 14.66% to US$ 162.69 bn in April-May FY27

Trump announces US-Iran deal, Iran Deputy FM Confirms MoU; Strait of Hormuz to reopen, naval blockade lifted

ITAT: Upholds Sec. 40(a)(i) disallowance on foreign remittance by Indian PE to HO sans Sec. 195 compliance; Remits Sec.44C issue

• In Favour of Both, Partially
• Citation Number : TS-877-ITAT-2026(HYD)

IFSCA: Notifies framework for regulation and operation of Managing General Agents in IFSCs

ITAT: Rejects captive service-provider's claim for risk adjustment absent demonstration of specific differential risks

• In Favour of Both, Partially
• Citation Number : TS-470-ITAT-2026(Mum)-TP

Civil Wrangle, Legal Legacy: Retrospectivity in Benami Law

ITAT: No warrant to levy penalty u/s.271AA & 271G once SDT-provision omitted

• In Favour of Assessee
• Citation Number : TS-464-ITAT-2026(PUN)-TP

HC: Dismisses Revenue’s ground on corporate guarantee as squarely covered by Everest Kento

• In Favour of Assessee
• Citation Number : TS-469-HC-2026(BOM)-TP

ITAT: No addition u/s 2(22)(e) for cash shortage in proprietary concern instead of company; Deletes addition

• In Favour of Assessee
• Citation Number : TS-879-ITAT-2026(Bang)

HC: Dismisses plea seeking CBI, ED, NIA probe into alleged malpractices committed by Byju’s IRP

HC: Original golf game format copyrightable; Refuses interim injunction sought by “Shot Squad League”