NCLAT: Belated mortgage securing 7-year old debenture-debt, a “preferential transaction"; Rejects "ordinary course" defence

The GST RCM Reconciliation Trap - Why GSTR-2B vs. Books Discrepancies Are Triggering Costly GST Notices

Government exempts higher Ethanol-Blended Petrol from central excise duty

ITAT: ITAT: Big is Beautiful; Reliance Hospital's charitable character unaffected by financial scale & tariffs

• In Favour of Assessee
• Citation Number : TS-857-ITAT-2026(Mum)

SC: Sets aside SARFAESI auction sale over non-compliance with mandatory balance payment rule

NCLAT: Refers Rs. 150 cr. forfeiture issue in IVRCL liquidation case to Chairperson following split verdict

ITAT: ITAT: Genuine share premium cannot be taxed u/s 68 merely over valuation doubts; Deletes addition

• In Favour of Assessee
• Citation Number : TS-856-ITAT-2026(Mum)

OECD flags fivefold surge in critical mineral export restrictions since 2009; India, China account for significant portion

ITAT: ITAT: Sec. 50 fiction doesn't bar Sec. 74 loss adjustments; Allows Reliance Infrastructure to offset losses against gains

• In Favour of Assessee
• Citation Number : TS-855-ITAT-2026(Mum)

Special Court SEBI: Penalises Cos.' directors for non-payment of SEBI penalties in IPO irregularities case

SEBI: Penalises Investment Adviser for non-compliance with NISM certification requirements

SEBI: Fines IDBI Trusteeship for delayed default notices to debenture holders, omission of mandatory clauses

HC: “GLASS SKIN” describes intended purpose and end result of cosmetics, cancels TM registration

GSTAT: No incremental ITC benefit accrued post-GST regime; Confirms no profiteering by builder

• In Favour of Respondent
• Citation Number : TS-425-GSTAT(DEL)-2026-GST

GSTAT: Confirms Rs. 13.61 cr profiteering by Lifestyle International over non-passing of rate-reduction benefit

• In Favour of Appellant
• Citation Number : TS-424-GSTAT(DEL)-2026-GST

ITAT: GST cancellation on account of proprietor’s demise cannot be sole criteria for disallowance u/s 37

• In Favour of Assessee
• Citation Number : TS-854-ITAT-2026(Ahd)

ITAT: Allows expense deduction on issue of non-convertible/market linked debentures, u/s 37, as revenue expenditure

• In Favour of Assessee
• Citation Number : TS-853-ITAT-2026(Mum)

ITAT: Quashes final assessment order not passed in conformity with DRP’s directions; Follows precedents

• In Favour of Assessee
• Citation Number : TS-455-ITAT-2026(Bang)-TP

HC: Refuses interim injunction in design infringement suit over fan design, finds no prima facie similarity

HC: Temporarily bars deceptive websites and social media pages infringing Signature Global’s TMs