HC: Reading down Section 16(2)(c), allows ITC availed by bona-fide recipient despite supplier’s default

• In Favour of Petitioner
• Citation Number : TS-02-HC(TRI)-2026-GST

ITAT: Confirms exclusion of Insurance co.’s profit on investment sale while computing business profit; Quashes Revision

• In Favour of Assessee
• Citation Number : TS-02-ITAT-2026(CHNY)

HC: NCLT institutionally equipped to adjudicate fraud, forgery, collusion in CIRP; Express IBC-provisions oust Civil Court jurisdiction

ITAT: Assessee not in default as assessment order u/s 201 barred by limitation on HUDA Development Charges

• In Favour of Assessee
• Citation Number : TS-1748-ITAT-2025(DEL)

SC: Undertrial’s prolonged incarceration amounts to “punishment”; Grants bail to Amtek Group former-promoter

SC: Small Cause Court’s exclusive jurisdiction doesn’t automatically render arbitration clause invalid; Upholds arbitrator-appointment

SC: Undertaking by promoter to infuse funds into borrower co., not ‘guarantee’ under Contract Act

EPFO: Clarifies, holidays, weekly offs won’t break ‘continuous service’ for EDLI benefits

IIAC : Eases arbitrator empanelment norms for MSME disputes

IBBI: Tightens liquidation reporting by mandating e-filing of forms on Board portal

SEBI: Notifies phased enhanced capital adequacy, liquid net worth norms for Merchant Bankers

ITAT: Affirms Sec. 68 addition deletion as onus discharged; Consultancy expenses incurred wholly & exclusively for business purposes

• In Favour of Assessee
• Citation Number : TS-1729-ITAT-2025(DEL)

ITAT: Confirms CIT(A)’s order on comparables selection; Allows working-capital adjustment

• In Favour of Assessee
• Citation Number : TS-792-ITAT-2025(Mum)-TP

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ITAT: With divergent views on bogus purchases, PCIT action u/s 263 unsustainable; Quashes order

• In Favour of Assessee
• Citation Number : TS-01-ITAT-2026(DEL)

NCLAT: NCLT empowered to exercise Sec. 49 jurisdiction despite ‘non-mentioning’, if ‘sufficient pleadings’ on record

ITAT: Directs TPO to select comparables involved in automotive sector; Deletes TP-adjustment qua outstanding receivables

• In Favour of Both, Partially
• Citation Number : TS-791-ITAT-2025(CHNY)-TP

ITAT: Applies rule of consistency; Deletes TP-adjustment qua management charges

• In Favour of Assessee
• Citation Number : TS-790-ITAT-2025(CHNY)-TP

ITAT: Accepts assessee’s LIBOR+200 bps as interest on outstanding overdue receivable

• In Favour of Assessee
• Citation Number : TS-789-ITAT-2025(Bang)-TP