SEP and Virtual PE: The Ever-Evolving Concept - Part I

HC: Grants interim injunction protecting Havells’ well-known trademark, restrains use of mark “CAWELS”

AAR: Advance ruling not maintainable for completed leasehold transfer; Denies ruling

• In Favour of Not Applicable
• Citation Number : TS-1081-AAR(AP)-2025-GST

HC: Partly allows stock broker's petition against NSE Appellate Panel of Arbitrator's award

HC: Writ Court's 'midway' interference in arbitration would set 'precarious precedent', encourage 'disgruntled', 'impatient' parties

ITAT: Rejects mechanical reliance on computerized processing u/s 143(1) for rectification proceedings u/s 154; Remands matter

• In Favour of Assessee
• Citation Number : TS-202-ITAT-2026(LKW)

AAR: Guarantee commission payable to State Govt. for issuing bonds, exempt

• In Favour of Applicant
• Citation Number : TS-1080-AAR(AP)-2025-GST

AAR: Paddle wheel aerators used in aquaculture ponds classifiable under HSN 8479, attract 18%

• In Favour of Not Applicable
• Citation Number : TS-97-AAR(AP)-2026-GST

ITAT: Quashes final assessment order on ground of being passed beyond limitation period

• In Favour of Assessee
• Citation Number : TS-169-ITAT-2026(Bang)-TP

ITAT: Excludes functionally dissimilar company; Deletes TP-adjustment qua interest on ECB

• In Favour of Both, Partially
• Citation Number : TS-168-ITAT-2026(DEL)-TP

ITAT: Deletes arbitrary expenditure disallowance; Cites purpose of expenditure, not actual income, governs Sec. 57(iii)

• In Favour of Assessee
• Citation Number : TS-203-ITAT-2026(DEL)

HC: ITC on transferring leasehold rights in sub-plots absent construction activity, not barred u/s 17(5)(d)

• In Favour of Petitioner
• Citation Number : TS-96-HC(GUJ)-2026-GST

CCI: Allows combination involving Amundi Asset Management S.A.S. and ICG Plc

CCI: Approves Innomotics India’s acquisition of Siemens’ low voltage motor business

CCI: Clears Fidelity Funds’ acquisition of minority stake in Valuedrive Technologies

CCI: Approves Merger of Hinduja Leyland Finance with and into NDL Ventures

CCI: Clears acquisition of PMS business of Axis Securities by Axis Asset Management

CCI: Approves Torrent Pharmaceuticals’ acquisition of J.B. Chemicals & Pharma subject to modifications

CCI: Allows internal reorganisation of Bennett Coleman & Co.’s biz into Times Horizon

SC: CoC’s choice of resolution plan can't be "second-guessed"; Vacates stay on Hiranmaye Energy's CIRP