ITAT: Holds disallowance u/s. 37(1) w.r.t international transactions covered by APA not tenable

• In Favour of Assessee
• Citation Number : TS-785-ITAT-2025(Mum)-TP

ITAT: Holds RPM as MAM for benchmarking import transaction; Follows earlier order

• In Favour of Assessee
• Citation Number : TS-786-ITAT-2025(DEL)-TP

ITAT: Excludes Persistent Systems basis having strong IP-led business model; Follows precedent

• In Favour of Assessee
• Citation Number : TS-788-ITAT-2025(Bang)-TP

ITAT: Rules on TP-adjustments w.r.t import of sugar, export of ferrous

• In Favour of Assessee
• Citation Number : TS-787-ITAT-2025(DEL)-TP

LSI & Coortus Advisors Present M&A Rulings Digest - December 2025!

ITAT: ITAT: Assignment of life interest in trust property not transfer of land/building, Rejects Section 50C invocation

• In Favour of Assessee
• Citation Number : TS-1740-ITAT-2025(Mum)

IBC Round-Up - December, 2025

SEBI: Mandates 'independent registered valuer’ for infrequently traded shares

SEBI: Issues revamped Informal Guidance Scheme; Widens access, centralises processing

ITAT: ITAT: Revenue cannot substitute own view of business prudence; Allows Instakart’s Rs. 772 Cr logistics loss

• In Favour of Assessee
• Citation Number : TS-1741-ITAT-2025(Bang)

HC: Clarifies clinical-trial services to overseas entities as exports, holds place-of-supply notification retrospective

• In Favour of Petitioner
• Citation Number : TS-1047-HC(KAR)-2025-GST

ITAT: ITAT: Non-issuance of draft assessment order is fatal & incurable jurisdictional defect; Quashes assessment as void-ab-initio

• In Favour of Assessee
• Citation Number : TS-1739-ITAT-2025(CHANDI)

HC: Invention shouldn’t go to waste; Directs Patent Controller to permit prototype demonstration

SEBI: Slaps Rs. 1.85 cr. penalty on 26 entities for price-manipulation, synchronized trading

HC: Economic nature and compoundability, decisive factors in considering bail for GST-offences; Grants anticipatory-bail

• In Favour of Petitioner
• Citation Number : TS-1046-HC(KAR)-2025-GST

SC orders customs duty refund on electricity removed by Adani Power from SEZ to DTA

ITAT: ITAT: Maintenance Support Services inextricably linked to software sale, not ‘FTS’ under India-Singapore DTAA

• In Favour of Assessee
• Citation Number : TS-1738-ITAT-2025(DEL)

SC: Restores arbitral-award against BALCO; Reverses HC-ruling citing narrow contours of judicial review

GSTN issues advisory on filing opt-in declaration for Specified Premises, 2025

Statutory Sentinels and Treaty Tempests: Reflections on American Express Judgment