Taxsutra & Coortus Advisors Present M&A Rulings Digest - July, 2025!

AAR: Marine engine, gearboxes, spare parts for use in fishing-vessel attracts 5% GST

• In Favour of Not Available
• Citation Number : TS-668-AAR(KER)-2025-GST

AAR: Finding no error in order on taxability of bus-body-building activity, rejects rectification- application

• In Favour of Respondent
• Citation Number : TS-667-AAR(TN)-2025-GST

ITAT: Future projections valid for share valuation, not just historical data; Deletes Sec.56(2)(vii)(b) addition

• In Favour of Assessee
• Citation Number : TS-973-ITAT-2025(DEL)

AAR: Exemption for 'medical establishment' does not apply to Udyam-registered centres

• In Favour of Respondent
• Citation Number : TS-666-AAR(KER)-2025-GST

Skill vs Chance in Betting, Gambling takes center stage before SC; Arguments draws to a close

HC: Can entertain application for interim protection prior to arbitration commencement

AAR: Cannot direct supplier regarding GST paid under wrong head, rejects advance ruling citing S.97(2)

• In Favour of Respondent
• Citation Number : TS-665-AAR(TN)-2025-GST

AAR: Sub-contractor providing personnel to Newtown Kolkata Development Authority ineligible for GST exemption

• In Favour of Respondent
• Citation Number : TS-664-AAR(WB)-2025-GST

CBDT relaxes time limit for returns incorrectly invalidated by CPC

SC: Dismisses Revenue’s SLP challenging 'Budgetary-Support Scheme' to units coming into existence after ownership change

Govt. apprises Parliament of revenue loss from tax exemptions/ incentives

Govt. says no settlement scheme on cards for Cos., LLPs

ITAT: ITAT: Deletes addition on STCG & NCD interest of Indian-entity, follows Bombay HC’s ADIA decision

• In Favour of Assessee
• Citation Number : TS-967-ITAT-2025(Mum)

ITAT: Deletes 2.24% net profit addition over surrendered income in lieu of discrepancy in books

• In Favour of Assessee
• Citation Number : TS-972-ITAT-2025(DEL)

HC: Indian civil Courts can grant injunction against ‘vexatious & oppressive’ foreign-seated arbitration proceedings

HC: Remands due to Revenue's failure to follow ITC reversal Rules 42/43

• In Favour of Petitioner
• Citation Number : TS-663-HC(CAL)-2025-GST

HC: Remands back to first officer for deciding registration-cancellation notice on merits

• In Favour of Petitioner
• Citation Number : TS-662-HC(BOM)-2025-GST

HC: Quashes refund-rejection citing relaxation in ITC norms for initial years of implementation of GST

• In Favour of Petitioner
• Citation Number : TS-661-HC(CAL)-2025-GST

HC: Debunks non-submission of SCN-reply premise noting acknowledgement in DRC-06

• In Favour of Petitioner
• Citation Number : TS-660-HC(CAL)-2025-GST