SEBI: Proposes review of framework for calculation of Net Distributable Cash Flows for InvITs

RBI: Issues FAQs for Portfolio Investment Positions by Counterpart Economy

HC: Sec. 115BBE amendment, enhancing tax-rate to 60%, applies prospectively sans express language for retrospective effect

• In Favour of Assessee
• Citation Number : TS-849-HC-2026(RAJ)

ITAT: Repayment of loan not taxable as unexplained expenditure u/s 69C sans P&L expense claim

• In Favour of Assessee
• Citation Number : TS-841-ITAT-2026(Mum)

ITAT: Ex-gratia severance compensation received upon employment termination a capital receipt, not taxable as salary

• In Favour of Assessee
• Citation Number : TS-840-ITAT-2026(Mum)

Timeline for Mandatory ‘Ship To GSTIN’, voluntary EWB closure functionalities extended to Aug. 1.

Chhattisgarh HC to ponder Sec. 147A constitutionality; Petitioner alleges judgments overruled via legislative fiat

HC: Restrains Crompton’s ‘GRACE’ fans, upholds prima facie originality of Orient Electric’s ‘AEON’ design

APEDA facilitates first export of GI-tagged Tezpur Litchi from Assam to Dubai

ITAT: Deletes TP-addition qua export of paint, receipt of royalty; Remits adjustment qua interest on receivables

• In Favour of Assessee
• Citation Number : TS-453-ITAT-2026(Mum)-TP

ITAT: DTVSV scheme settles disputes but doesn't obliterate reassessment orders; Sec. 154 application within limitation

• In Favour of Assessee
• Citation Number : TS-848-ITAT-2026(Mum)

ITAT: Dismisses Revenue’s MA, upholds Tribunal-order quashing time barred final assessment order

• In Favour of Assessee
• Citation Number : TS-452-ITAT-2026(DEL)-TP

ITAT: Sec. 14A disallowance cannot be mechanically sustained sans recording dissatisfaction despite audit report mismatch

• In Favour of Assessee
• Citation Number : TS-839-ITAT-2026(Mum)

ITAT: Holds PLR over EBLR for benchmarking interest on NCDs; Confirms adjustment deletion

• In Favour of Assessee
• Citation Number : TS-451-ITAT-2026(HYD)-TP

SC: Refers Jindal Poly Films minority shareholders' class action dispute to arbitration

ITAT: Dismisses assessee’s appeal given pendency of rectification application before AO

• In Favour of Revenue
• Citation Number : TS-450-ITAT-2026(DEL)-TP

ITAT: Actual property transfer date determines year of capital gains taxation liability

• In Favour of Revenue
• Citation Number : TS-846-ITAT-2026(JAB)

When The Winner Loses — How Titagarh Ruling Exposes Written Waiver Trap u/s 12(5)

ITAT: CIT(A) cannot delete Sec. 68 addition without examining creditworthiness and genuineness; Remits matter

• In Favour of Revenue
• Citation Number : TS-838-ITAT-2026(Mum)

Singapore publishes e-tax guide, provides 9th Edition of comprehensive TP guidelines