Govt. Brings in retrospective amendment on Shelf Drilling controversy on limitation period for Transfer pricing cases

Copy of Finance Bill and Memorandum to Finance Bill, 2026

Overhaul of Baggage Rules

Validity period of Customs Advance Rulings extended to 5 years

Buy backs to be taxed as capital gains for non-promoters

January 2026 GST collection touches Rs 1.93 Lakh Crores, grows 6.2% Y-o-Y

ITAT: ITAT: No commercial substance, no treaty relief; Denies grandfathering benefits for sham Singapore-HK-China structure

• In Favour of Revenue
• Citation Number : TS-112-ITAT-2026(DEL)

Four Targeted Reconsiderations for a Smoother Transition to Income Tax Act 2025

ITAT: Sec. 56(2)(vii)(b) addition unsustainable on agricultural land, excluded from capital asset u/s 2(14)

• In Favour of Assessee
• Citation Number : TS-105-ITAT-2026(DEL)

ITAT: AO not empowered to reopen, revise, or rectify the assessment u/s 154 post settlement under DTVsV

• In Favour of Assessee
• Citation Number : TS-106-ITAT-2026(DEL)

ITAT: Providing essential facilities in IT/Software Park qualifies as PGBP, not income from house property

• In Favour of Assessee
• Citation Number : TS-108-ITAT-2026(DEL)

ITAT: Penalty towards delayed supply to Government, compensatory in nature, allowable u/s 37(1)

• In Favour of Assessee
• Citation Number : TS-109-ITAT-2026(DEL)

HC: Quashes criminal prosecution post compounding; Inordinate delay makes continued TDS prosecution an abuse of criminal process law

• In Favour of Assessee
• Citation Number : TS-110-HC-2026(CAL)

ITAT: Declines 297 days delay condonation; Rejects Assessee’s plea of management change sans corroborative evidence

• In Favour of Assessee
• Citation Number : TS-111-ITAT-2026(HYD)

HC: Order travelling beyond show-cause notice violates Section 75(7); GST demand set aside

• In Favour of Petitioner
• Citation Number : TS-41-HC(CAL)-2026-GST

HC: Quashes for belated uploading of order on the portal and denial of personal hearing

• In Favour of Petitioner
• Citation Number : TS-40-HC(GUJ)-2026-GST

HC: Grants bail to Accountant on ground of no criminal-antecedents and prolonged incarceration

• In Favour of Applicant
• Citation Number : TS-39-HC(MP)-2026-GST

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

Tiger Roars, Tax Uncertainty Soars! –The Ultimate “Upside Down” Of International Tax Jurisprudence In India - (Part – 2)

HC: Refuses writ relief since GSTAT is now functional; Directs Assessee to file statutory appeal

• In Favour of Respondent
• Citation Number : TS-38-HC(ORI)-2026-GST