ITAT: Upholds internal TNMM over TPO's CUP for finished goods' sale, deletes adjustment w.r.t marketing services

• In Favour of Assessee
• Citation Number : TS-461-ITAT-2026(Ahd)-TP

ITAT: ITAT: Sustains penalty u/s 271D & 271E for journal entry loan violations on failure to explain reasonable cause u/s 273B

• In Favour of Revenue
• Citation Number : TS-868-ITAT-2026(Mum)

Section 3 of The IGST Act, The Board's Unexercised Power, and The Jurisdictional Consequences

Madras HC quashes ITC denial based solely on retrospective cancellation of supplier's registration

AAR: Section 16(5) creates no fresh opportunity to reclaim reversed ITC; Re-availment tantamount to refund

• In Favour of Not Applicable
• Citation Number : TS-435-AAR(WB)-2026-GST

A Deep Dive into India's Codified Labour Code Rules 2026: Financial Impact, Governance Imperatives, Valuation Adjustments and Transaction Diligence.

NCLT: Admits SBI’s insolvency plea against Anil Ambani over Rs. 853 cr. default

27 Key Excerpts from Mumbai ITAT ruling in Reliance Foundation case restoring Sec. 12AB registration

ITAT: ITAT: Criticizes authorities for increasing obdurate recalcitrance by AO; Confirms denial of deduction u/s 54

• In Favour of Assessee
• Citation Number : TS-867-ITAT-2026(DEL)

NCLT: Initiates insolvency resolution process against HK Toll Road, over Rs. 282 Cr. default

ITAT: ITAT: Addition u/s 69B basis differential amount between purchase & stamp duty value, unjustified

• In Favour of Assessee
• Citation Number : TS-866-ITAT-2026(Mum)

Bombay HC to examine if penalty proceedings can be initiated against independent director; Stays recovery

Sword, Shield, and the Discipline of Statute: What the Valeo Bayen Ruling Settles, and What It Leaves Open

HC: 'Patent illegality' no ground to challenge international commercial award; Dismisses ONGC’s Sec. 34 petition

GST on Online Gaming - ASG N. Venkataraman decodes Supreme Court Judgment

Government waives customs duty on imported Nuclear power generation goods for Apr. 2019-Jan. 2026 period

HC: Sets aside assessment order issued u/s 74 instead of 74A; Directs fresh hearing

• In Favour of Petitioner
• Citation Number : TS-1111-HC(MAD)-2025-GST

ITAT: ITAT: Sets aside revision order; Cites investment transaction as genuine, not sham, doesn't attract Sec. 94(7)

• In Favour of Assessee
• Citation Number : TS-862-ITAT-2026(CHNY)

HC: Quashes assessment initiated 4 years after Assessee’s death

• In Favour of Petitioner
• Citation Number : TS-434-HC(MAD)-2026-GST

NCLT: Project land auction no defence to developer's default; Admits CIRP plea