Unlocking Startup Tax Savings Under Section 80-IAC

HC: Remands SEZ refund matter citing Revenue’s failure to consider Brittania-ruling and for factual verification

• In Favour of Petitioner
• Citation Number : TS-967-HC(BOM)-2025-GST

SC stays HC order on issue of taxability of compensation received on JV termination

HC: Profits from international cricket betting racket constitute 'proceeds of crime'; Upholds ED's attachment

ITAT: Cost of purchasing additional area in redevelopment qualifies as investment; Allows Sec.54 deduction

• In Favour of Assessee
• Citation Number : TS-1562-ITAT-2025(Mum)

Delhi HC to examine mandatory-directory scope of section 54 limitation, and belated deficiency-memos legality

SEBI : Proposes simplification of norms for issuing duplicate securities certificates

Govt. amends Patents Rules, introduces E-adjudication regime for penalties and appeals

ITAT: Guarantee/service fee paid as per contractual obligation, not ‘rent’ liable to TDS u/s 194-I

• In Favour of Assessee
• Citation Number : TS-1561-ITAT-2025(DEL)

HC: Grants stay of 271G penalty order till final disposal of the petition

IBBI : Tightens filing rules under insolvency resolution process for Personal Guarantors

IBBI : Restricts maximum assignments for Insolvency Professionals to 10

SEBI : Mandates appointment of Executive Directors, CTOs for stock exchanges and clearing corporations

RBI : Streamlines receipt of compounding application fee and amount

HC: 'Reasons to Believe' standard u/s 24(1) doesn't require 'prima facie case' before notice; Upholds benami proceedings

• In Favour of Revenue
• Citation Number : TS-1559-HC-2025(DEL)

AAR: No exemption for education and training provided through non-NSDC-approved outsourced partners

• In Favour of Respondent
• Citation Number : TS-965-AAR(KER)-2025-GST

AAR: Self-drive rental cars to attract GST at like-goods rate; Classifiable under SAC 997329

• In Favour of Not Available
• Citation Number : TS-964-AAR(KER)-2025-GST

NCLT: GVAT dues a ‘secured debt’; Directs RP to re-compute State Tax Department’s entitlement

AAR: Tax invoice for receiving advance payment before actual supply of goods, not permitted

• In Favour of Respondent
• Citation Number : TS-963-AAR(KER)-2025-GST

ITAT: Reporting income under incorrect head does not attract penalty u/s 270A; Deletes penalty

• In Favour of Assessee
• Citation Number : TS-1558-ITAT-2025(HYD)