HC: Copy of Bombay-HC judgment on quashing penalty u/s 122(1A) on Shemaroo top-brass being ‘non-taxable’ persons

• In Favour of Petitioner
• Citation Number : TS-105-HC(BOM)-2026-GST

HC: Dismisses NRI’s attempt to avoid DRP jurisdiction via Sec. 154; Applies amended "Eligible Assessee" definition u/s 144C(15)(b)(ii)

• In Favour of Revenue
• Citation Number : TS-236-HC-2026(MAD)

SC: NCLAT/NCLT can't reframe DTD terms on 'surmises'; Directs Ecstasy Realty's admission into CIRP

Bombay HC quashes Rs.133 cr penalty on Shemaroo top brass, declares them ‘non-taxable persons'

ITAT: Criticizes Revenue for forcing vexatious litigation, ignoring high-power committee recommendations

• In Favour of Assessee
• Citation Number : TS-235-ITAT-2026(DEL)

SC: Copy of SC judgment confirming Benami Act attachments during IBC moratorium

SC classifies Hamdard’s Sharbat Rooh Afza as a 'Fruit drink', sets aside HC judgment

RBI: Amends FEMA regulations governing export and import of currency; Stipulates guidelines on currency declaration

ITAT: Quashes assessment, holds Sec. 143(2) notice to be time-barred despite CPC-driven rectification of return

• In Favour of Assessee
• Citation Number : TS-233-ITAT-2026(DEL)

Delhi ITAT adjourns Roca & DIN cases sine-die given pendency of SC verdicts

SC: Upholds CIRP proceedings despite Sec. 391 Scheme of Arrangement; 'Tardy' Litigators can't hold economy hostage

SC: Order dismissing Vedanta's SLP with exemplary costs

MCA launches Companies Compliance Facilitation Scheme, allowing cos. to clear filing defaults at 10% additional fees

SC: Copy of SC judgment confirming Benami Act attachments during IBC moratorium

• In Favour of Assessee
• Citation Number : TS-234-SC-2026

Last date for submission of TRQ applications under various FTA's extended to March 15

IFSCA: Proposes framework to regulate Financial Advisers; Suggests institutional oversight, creation of IFA Registry

DGFT permits additional 5 LMT flour and 25 LMT wheat exports

DGTR issues final findings recommending ADD on Chinese origin Monoisopropylamine (MIPA)

SEBI: Fines Forum Synergies India Trust, Manager & Trustee for illegally extending tenure beyond PPM terms

ITAT: Rejects foreign AE as tested party; Deletes adjustments qua interest on capital contribution, loan, etc

• In Favour of Assessee
• Citation Number : TS-192-ITAT-2026(Mum)-TP