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)

Delaware Bankruptcy Court orders Byju Raveendran to pay $1.07 bn for repeatedly defying orders

ITAT: Sets aside CIT(A)’s order passed without affording Revenue opportunity of hearing

• In Favour of Both, Partially
• Citation Number : TS-688-ITAT-2025(CHNY)-TP

OECD releases Corporate Tax Statistics, 2025

ITAT: Deletes TP-adjustment w.r.t 'excess profit' earned by entity having no arrangement/transaction with assessee

• In Favour of Assessee
• Citation Number : TS-687-ITAT-2025(CHNY)-TP

ITAT: Adjudicates TP-adjustments w.r.t IGS, considers need/benefit tests, follows earlier order

• In Favour of Both, Partially
• Citation Number : TS-686-ITAT-2025(Mum)-TP

ITAT: Dismisses assessee’s appeal as withdrawn in light of VSVS Scheme

• In Favour of None/NA
• Citation Number : TS-682-ITAT-2025(CHNY)-TP

ITAT: Directs AO to charge interest on loan at LIBOR, not SBI PLR; Holds outstanding receivables as international-transaction

• In Favour of Both, Partially
• Citation Number : TS-685-ITAT-2025(DEL)-TP

Appeal against CAAR – Scope of Section 28KA of Customs Act, 1962

HC: Copy of Judgment quashing unjustified cancellation of boAt’s registration and imposing costs on Revenue

• In Favour of Petitioner
• Citation Number : TS-962-HC(DEL)-2025-GST

HC: Temporarily restrains stream-ripping websites from infringing Saregama’s copyrighted musical works

ITAT: Rules bifurcation into SBN/regular currency for Sec.68, unjustified; Deletes unexplained cash credit addition

• In Favour of Assessee
• Citation Number : TS-1557-ITAT-2025(SUR)

HC: Allows Banks to freeze suspicious accounts without prior notice, directs RBI to frame SOP

SC restores appeal rejected for pre-deposit payment through ECrL; Grants liberty for refund application

ITAT: Rejects partial disallowance qua management support services, notes pricing fully aligned with OECD framework

• In Favour of Assessee
• Citation Number : TS-684-ITAT-2025(Mum)-TP

CCI: Closes information against Singareni Collieries; Holds no bid-rigging or competition issue

CCI: Clears India Resurgence Fund’s acquisition in Shree Digvijay Cement

CCI: Allows ADES International Cayman’s merger with and into Shelf Drilling

CCI: Approves Wilmar Group subsidiary’s stake acquisition in AWL Agri Business

ITAT: HUF not 'Relative' u/s 56(2) explanation; Remands matter to examine exemption u/s 10(2)

• In Favour of Assessee
• Citation Number : TS-1556-ITAT-2025(Kol)