ITAT: Adjustments u/s 143(1) sans any show cause notice, violation of Sec. 143(1)(a) intimation, unsustainable

• In Favour of Assessee
• Citation Number : TS-1547-ITAT-2025(CHNY)

SC condones 524-day delay in Revenue's SLP as exception, criticizes Dept.'s protracted legal process

SC: Confirms Bombay HC ruling on bogus purchases; Dismisses Assessee’s SLP

• In Favour of Revenue
• Citation Number : TS-1545-SC-2025

HC: Scraps Rs. 27 cr. deposit condition on Ketan Parekh for foreign travel, substitutes with Rs. 5 lakh security

ITAT: Allows set-off of brought forward long term capital loss & current year’s short term capital loss against LTCG

• In Favour of Assessee
• Citation Number : TS-1544-ITAT-2025(DEL)

SC refuses to entertain Revenue's SLP in Progress Rail on PE/PAN migration issue

SC: Orders State to restore damage in Corbett, lays down pan-India guidelines for tiger reserves and safaris

SC: Issues uniform Seniority Guidelines for Higher Judicial Services; Rules creating quotas for District Judges ‘iniquitous’

SC: Voluntary contracts cannot be revisited through statutory provisions, parties agreed to exclude

SC: Assignment of specific performance decree not compulsorily registrable under Registration Act

SC: Recalls Vanashakti judgment, revives Govt. directions permitting ex post facto Environmental Clearance

SC: Software bought for profit-linked business automation qualifies as ‘commercial purpose’, buyer Co. not ‘consumer’

SC: Governor has discretion under Art. 200; Courts cannot fix deadlines on Governor/President for Bills’ assent

15 ITAT members transferred across Benches

HC: Sec.115JC inapplicable to projects approved pre-April 2013; Directs Revenue to follow judicial precedent

• In Favour of Assessee
• Citation Number : TS-1543-HC-2025(BOM)

Step by step guide to fill FSI, TR & FA Schedule in ITR to enhance tax transparency on foreign assets & income

NCLAT: Slams "pretentious" PRA for turning ongoing CIRP into “Tom & Jerry” show; Slaps Rs. 15 lakh cost

ITAT: Confirms deletion of Sec.271G-penalty levied on assessee in diamond industry; Follows precedents

• In Favour of Assessee
• Citation Number : TS-678-ITAT-2025(Mum)-TP

ITAT: Remits TP-adjustment w.r.t IGS payment, rejects NIL-ALP determination

• In Favour of Both, Partially
• Citation Number : TS-680-ITAT-2025(PUN)-TP

ITAT: Confirms CIT(A)’s order upholding assessee’s PSM as MAM, comparables selection

• In Favour of Assessee
• Citation Number : TS-677-ITAT-2025(Ahd)-TP