HC: Holds delay due to pending rectification application, “sufficient cause”; Condones delay of 506 days

• In Favour of Assessee
• Citation Number : TS-04-HC-2026(BOM)

ITAT: Rules on comparables for import of finished goods, indenting commission; Follows assessee’s earlier order

• In Favour of Both, Partially
• Citation Number : TS-01-ITAT-2026(Mum)-TP

ITAT: Quashes reopening of assessment alleging under-reporting of export sales

• In Favour of Assessee
• Citation Number : TS-796-ITAT-2025(DEL)-TP

ITAT: Remits PLI computation, comparables selection, ALP determination w.r.t services procured

• In Favour of Both, Partially
• Citation Number : TS-797-ITAT-2025(CHNY)-TP

HC: Condones delay in filing Revenue’s appeal citing delay ‘not inordinate’

• In Favour of Revenue
• Citation Number : TS-03-HC-2026(BOM)

ITAT: Mere difference in margins no ground to discard internal comparables under TNMM, deletes TP-adjustment

• In Favour of Assessee
• Citation Number : TS-794-ITAT-2025(Bang)-TP

HC: Rejects Revenue's submission that timelines u/s.144C(13) are not applicable in remand proceedings

• In Favour of Assessee
• Citation Number : TS-795-HC-2025(BOM)-TP

Tax Treaty Entitlement for a Fiscally Transparent Partnership

SC: Arbitration “commences” on receipt of Sec. 21 notice, not on filing Sec. 11 application

CCI: Rejects anti-competitive conduct complaint against Sundar Pichai, Apple and others, citing vague allegations

SC: Sec. 21 notice not mandatory for all arbitration claims; Reverses HC ruling, upholds arbitral award

ITAT: ITAT: Holds unsecured advances not ‘deemed dividend’, as Assessee not beneficial shareholder; Deletes Sec.2(22)(e) addition

• In Favour of Assessee
• Citation Number : TS-1749-ITAT-2025(DEL)

NCLT: Approves Booker India’s scheme of amalgamation aimed at streamlining corporate structure

NCLT: Approves HPCL-Mittal Pipelines’s scheme of amalgamation, given no objections

NCLT: Approves scheme of arrangement filed by Freecharge Payment Technologies

NCLT: Approves Amazon Transportation’s scheme of amalgamation with updated appointed date

Redefining Associated Enterprises: A Step Towards Clarity or a Leap into Complexity?

SC to examine legal embargo u/s 142(6) prohibiting refund of transitioned credit; Admits Revenue’s appeal

CBDT notifies Sec.10(46A)(b) exemption for ‘Joint Electricity Regulatory Commission (for The State of Goa and Union Territories except Delhi)’

CBDT notifies Sec.10(46A)(b) exemption for ‘Mussoorie Dehradun Development Authority’