ITAT: Reassessment initiated sans fresh tangible material, invalid; Quashes reassessment based on change of opinion

• In Favour of Assessee
• Citation Number : TS-836-ITAT-2026(DEL)

ITAT: Sec. 271(1)(c) penalty not applicable where tax liability fully discharged before issuance of notice u/s 148

• In Favour of Assessee
• Citation Number : TS-834-ITAT-2026(DEL)

SC issues notice against HC-judgment upholding business-premises’ sealing; Asks Revenue to take instructions on de-sealing

ITAT: Directs AO to give effect to TPO's revised TP-adjustment

• In Favour of Both, Partially
• Citation Number : TS-446-ITAT-2026(DEL)-TP

Gameskraft Decoded – How the Supreme Court Rewrote the Rules of Online Gaming

HC: Dismisses plea challenging sealing of business premises; Notes non-cooperation in investigation

• In Favour of Respondent
• Citation Number : TS-386-HC(RAJ)-2026-GST

ITAT: Special Bench rules extended reassessment timeline applies to non-residents; No distinction b/w residents & NR u/s 149

• In Favour of Both, Partially
• Citation Number : TS-835-ITAT-2026(Mum)

HC: Mere "copy-paste" of statutory language doesn't establish compliance; Sets aside ED's attachment order

HC: Affirms injunction against Dabur, finds “Cool King” trade dress deceptively similar to Emami’s “Navratna”

ITAT: Deletes TP adjustment made in respect of payment of interest on CCD; Applies rule of consistency

• In Favour of Assessee
• Citation Number : TS-445-ITAT-2026(Mum)-TP

ITAT: Holds FOREX gain as operating in nature; Follows precedents

• In Favour of Assessee
• Citation Number : TS-444-ITAT-2026(DEL)-TP

GSTAT: Holds Dow Europe’s procurement services to Dow India taxable as ‘import’; Rejects intermediary classification

• In Favour of Respondent
• Citation Number : TS-414-GSTAT(DEL)-2026-GST

ITAT: Holds taxpayer’s accounting policy of revenue recognition for extended warranty, inconsonance with AS-9 & ICDS

• In Favour of Assessee
• Citation Number : TS-833-ITAT-2026(Mum)

SEBI: Issues updated Master Circular for AIFs

RBI: Reinstates 9 months deadline for export proceeds

ITAT: AO erred in valuing underlying company shares instead of shares actually purchased; Deletes addition

• In Favour of Assessee
• Citation Number : TS-832-ITAT-2026(Mum)

Sec. 147A of the Income-tax Act: Clarification, Validation or Substantive Change?

CCI: Rs. 50 lakh penalty on Manipal entities for gun-jumping in Aakash Educational Services transaction

IBBI: CoC to recommend Liquidator's name by 66% vote

IBBI: Amends CIRP Regulations to introduce provisions governing dissolution and CIRP restoration