Nuances of Buyback Taxation in India: Kal, Aaj aur Kal

HC: Article 265 governs application for refund of tax paid twice; Section-54 limitation not applicable

• In Favour of Petitioner
• Citation Number : TS-95-HC(ORI)-2026-GST

NCLAT: Drops suo-moto contempt proceedings against IRP after 'unconditional apology'; Issues warning

HC: Quashes Trial Court's order rejecting Chamber Summons for Official Liquidator's impleadment in recovery suit

HC: Contractual payments trigger Sec. 194C TDS; Upholds Sec.40(a)(ia) disallowance on non-genuine reimbursements

• In Favour of Assessee
• Citation Number : TS-201-HC-2026(CAL)

ITAT: Remuneration to Indian Rugby Union CEO commensurate with experience & additional responsibilities, not excessive u/s 13(1)(c)

• In Favour of Assessee
• Citation Number : TS-200-ITAT-2026(Mum)

AAR: Medical gloves, aprons, drapes & covers taxable at 18% GST

• In Favour of Respondent
• Citation Number : TS-94-AAR(WB)-2026-GST

AAR: Curing, grading & butting render no alteration on tobacco leaves, remain taxable at 5%

• In Favour of Not Applicable
• Citation Number : TS-93-AAR(WB)-2026-GST

HC: Reaffirms prohibition on clubbing multiple years in SCN; Follows Milroc, Rite Water

• In Favour of Petitioner
• Citation Number : TS-92-HC(BOM)-2026-GST

SEBI: Forms Working Group to review regulatory framework governing ESG Rating Providers

ITAT: Quashes reassessment sans live link between information & AO's belief of income escapement

• In Favour of Assessee
• Citation Number : TS-198-ITAT-2026(DEL)

IICA constitutes High-Level Advisory Group on ease of doing business; Aims to simplify compliance

AAR: Shaving ‘foam’ & ‘cream’ are different products; Attracts 18% and 5% GST respectively

• In Favour of Not Applicable
• Citation Number : TS-91-AAR(WB)-2026-GST

SEBI: Slaps Rs. 1.35 cr. penalty on marble trading company, KMPs for misrepresenting financials

ITAT: Condones 1835-days’ delay caused due to confusion over identical assessment, rectification orders

• In Favour of Assessee
• Citation Number : TS-197-ITAT-2026(Bang)

ITAT: Protective addition u/s 69 not sustainable wherein substantive addition deleted on merits

• In Favour of Assessee
• Citation Number : TS-191-ITAT-2026(Mum)

ITAT: Jointly owned house doesn’t bar Sec. 54F exemption, proviso not applicable to co-owner

• In Favour of Assessee
• Citation Number : TS-196-ITAT-2026(Kol)

SC: Allowing 'pendente lite purchasers' to raise belated objections in execution-processes would derail statutory machinery

ITAT: Sec. 80P deduction allowable from gross total income, not restricted to income under PGBP

• In Favour of Assessee
• Citation Number : TS-190-ITAT-2026(Bang)

Government notifies fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nuts, Gold and Silver