SC reserves judgment on revenue vs capital nature of non-compete fees payment

ITAT: Rejects CFO’s demise as reason for condoning delay of 720 days, as all tax operations undertaken on time

• In Favour of Revenue
• Citation Number : TS-1193-ITAT-2025(Mum)

ITAT: Directs benchmarking transaction of corporate guarantee by adopting 0.5%; Follows precedent

• In Favour of Both, Partially
• Citation Number : TS-527-ITAT-2025(COCH)-TP

HC: Dismisses Revenue’s appeal; Confirms ITAT-order holding assessee not a wholesale trader

• In Favour of Assessee
• Citation Number : TS-525-HC-2025(KAR)-TP

ITAT: Directs benchmarking of interest on receivables based on currency in which invoices are prepared

• In Favour of Assessee
• Citation Number : TS-526-ITAT-2025(Bang)-TP

NCLT: Consortium lenders’ internal authorisations no defence for guarantor against creditor’s ‘unilateral’ proceedings

Delhi HC to examine penalty provision applicability on non-taxable person; Stays coercive action

ITAT: Loans to related parties at lower rates out of borrowings at higher rate of interest, disallowed u/s 57

• In Favour of Assessee
• Citation Number : TS-1192-ITAT-2025(Kol)

Amendment of Export Rules for Intermediaries - A Defining Moment!

CCI: Rejects complaint alleging dominance abuse by Emaar India in villa development market

ITAT: Allows depreciation on goodwill u/s 32(1) generated under amalgamation, legally approved by NCLT

• In Favour of Assessee
• Citation Number : TS-1191-ITAT-2025(Rjt)

HC: Section 107 does not permit attaching/restraining funds after pre-deposit payment; Directs refund

• In Favour of Not Available
• Citation Number : TS-783-HC(AP)-2025-GST

IBC Round-Up - August, 2025

NCLT: Observing non-compliances galore, directs investigation into co.’s affairs over oppression-mismanagement plea

ITAT: Receipts from Unit Linked Insurance Policy, capital asset u/s 2(14)(a), as Sec. 10(10D) benefit not availed

• In Favour of Assessee
• Citation Number : TS-1190-ITAT-2025(Mum)

SC: Denial of adjournments, illegible RUDs supply, not natural justice violation; Dismisses SLP, upholds HC

• In Favour of Petitioner
• Citation Number : TS-782-SC-2025-GST

HC: Search u/s 132 lawful, cites valid "Reasons to Believe"; Dismisses writ

• In Favour of Revenue
• Citation Number : TS-1189-HC-2025(DEL)

SC: Sets aside HC-order banning Cognizant from using logo infringing Atyati’s device mark

GSTN Advisory - File pending GST-returns now before portal bars them this September

SC: Denial of possession to ‘RP-verified’ homebuyers’ claim inflicts unfair, unwarranted prejudice; Allows appeal