HC: SCN issued to amalgamated non-existent entity void ab initio; Section-87 facilitation, an interim measure

• In Favour of Petitioner
• Citation Number : TS-466-HC(BOM)-2026-GST

ITAT: Sec. 271AA penalty unsustainable on debatable international transactions; CIT(A) lacks jurisdiction for unrelated enhancements

• In Favour of Assessee
• Citation Number : TS-944-ITAT-2026(Mum)

HC: Revisional power limited to correcting patent errors occasioning unfairness; Upholds dismissal of discharge plea

ITAT: Bank credits in personal account, not undisclosed turnover, sans direct nexus between credits & business

• In Favour of Assessee
• Citation Number : TS-941-ITAT-2026(Ahd)

Taxsutra & Coortus Advisors Present M&A Rulings Digest - June, 2026!

AAR: Liquidated damages recovered from transporters not 'consideration', not liable to GST

• In Favour of Applicant
• Citation Number : TS-465-AAR(GUJ)-2026-GST

RBI: Modifies reporting requirements under FEMA

SEBI: Releases Consultation Paper dealing with trading software and technology at stock exchanges

APEDA facilitates first biscuit shipment under India-Oman CEPA, Banganapalle mango shipment to Singapore

DGTR recommends anti-dumping duty on Chinese TPU-based Paint Protection Film

Commerce Minister reviews Export Promotion Mission, urges outcome-driven export strategy

ITAT: CIT(A) cannot enhance income from sources unrelated to reassessment reasons; Deletes enhancement

• In Favour of Assessee
• Citation Number : TS-940-ITAT-2026(CHANDI)

Constitutional and tax aspects of Gameskraft Judgement by Sr. Adv. Arvind Datar

NCLT: TReDS reverse factoring debts are 'operational', not 'financial'; Dismisses Sec. 7 insolvency plea

HC: Representation post cancellation not revocation, challenge not maintainable where statutory appeal is available; Remands matter

• In Favour of Petitioner
• Citation Number : TS-461-HC(KAR)-2026-GST

NCLT: Rejects SRA's proposition that resolution plan approval 'automatically' deletes pre-CIRP charges

HC: Unconsidered DRC-01A reply with documents vitiates ex parte adjudication qua DRC-01

• In Favour of Petitioner
• Citation Number : TS-463-HC(KAR)-2026-GST

HC: GST reimbursement dispute lies only between contractor and employer; Court cannot waive statutory liabilities

• In Favour of Appellant
• Citation Number : TS-464-HC(KAR)-2026-GST

ITAT: Upholds deletion of adjustments qua export sales, guarantee commission, service charges, SDTs for IPCA Labs

• In Favour of Both, Partially
• Citation Number : TS-493-ITAT-2026(Mum)-TP

HC: Mark “D-TAN” merely describes tan-removal skincare products, cancels TM registration