NCLT: Rejects petition alleging fraudulent share allotment citing time-barred claims, requisite statutory compliance

Relieving of Economic Double Taxation in the Indian Context

ITAT: Allows rectification u/s 254(2), corrects reference to original instead of revised appeal grounds

• In Favour of Assessee
• Citation Number : TS-947-ITAT-2025(Mum)

ITAT: DRP not appellate authority, part of assessment mechanism; Declines remand before it

• In Favour of Assessee
• Citation Number : TS-423-ITAT-2025(Mum)-TP

ITAT: Two PANs, one person, clubs income & confirms undisclosed income; Directs Revenue for fresh computation

• In Favour of Assessee
• Citation Number : TS-969-ITAT-2025(DEL)

Navigating FEMA – Common Compliance Pitfalls and Remediation Strategies (Part 2)

SC: Refuses relief to co. accused of massive GST evasion, running bogus invoice racket

ITAT: Consolidated satisfaction note for various AYs vitiates assessment proceedings, relies on Kar HC decision

• In Favour of Assessee
• Citation Number : TS-968-ITAT-2025(PUN)

Delhi HC to decide vires of Circular prescribing value for exports refund computation

ITAT: Appeal against Sec. 154 order valid, quashes incorrect CPC addition; Clarifies contingent liability disclosure

• In Favour of Assessee
• Citation Number : TS-966-ITAT-2025(PUN)

NCLT: Personal guarantor can’t use insolvency process to evade repayment obligations, contempt consequences

SC: Dismisses Revenue's review petition against order declaring Engineering Analysis as law of land

• In Favour of None/NA
• Citation Number : TS-965-SC-2025

HC: Sec. 72A(4) inapplicable since re-structure Scheme not demerger as contemplated under the Act

• In Favour of Assessee
• Citation Number : TS-963-HC-2025(BOM)

ITAT: Addition made beyond reasons recorded for reassessment invalid; Appeal valid despite non impleading heirs u/s 159

• In Favour of Assessee
• Citation Number : TS-964-ITAT-2025(PUN)

ITAT: Third Member concurs with AM, prior year’s order can be followed provided parity of facts

• In Favour of Assessee
• Citation Number : TS-958-ITAT-2025(Mum)

HC: Pending tax proceedings stands extinguished consequent to approval of resolution plan under IBC; Quashes reassessment

• In Favour of Assessee
• Citation Number : TS-957-HC-2025(BOM)

NCLAT: Rejects intervention applications by third-parties; Cites resolution-plan’s finality, absent “direct & present interest”

SC: Applies Justice, Equity, Good Conscience principle, upholds female tribal heir’s legal rights in ancestral-property

SC: Entire appeal stands abated if non-substitution of deceased party produces contradictory decrees

SC: Acquits man accused of killing 4 family-members on finding shoddy probe and unreliable witnesses