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

ITAT: Sec. 2(47)(v) inapplicable, sans transfer of legal possession under JDA; Deletes addition on deemed basis

• In Favour of Assessee
• Citation Number : TS-1188-ITAT-2025(Bang)

Govt. permits MRP revision on unsold stock following rate changes

HC: Upholds disallowance towards delayed PF payments; Explanation 5 to Sec. 43B, clarificatory

• In Favour of Revenue
• Citation Number : TS-1187-HC-2025(DEL)

Special Court SEBI: Convicts co.’s Directors for failing to pay SEBI penalties; Directs 6 months imprisonment

ITAT: Rules on comparables for ITeS-provider considering turnover, brand-value, TPO's search matrix, merger

• In Favour of Revenue
• Citation Number : TS-518-ITAT-2025(Bang)-TP

ITAT: Holds PCIT lacks authority to assume jurisdiction u/.s 263 to revise final assessment order

• In Favour of Both, Partially
• Citation Number : TS-524-ITAT-2025(Mum)-TP

NCLT: Allows merger of 11 construction cos. aiming to achieve simplified corporate structure

ITAT: Remands matter to CIT(A), cites failure to address AO's findings on unexplained crypto transactions

• In Favour of Assessee
• Citation Number : TS-1186-ITAT-2025(Mum)

NCLT: Allows demerger & amalgamation scheme aimed at achieving cost efficiencies

NCLT: Rejects merger of 11 cos. citing negative net-worth, lack of credible financial viability

NCLT: Approves Reliance Velocity’s merger with Reliance Infrastructure

HC: Denial of cross-examination in adjudication vitiates proceedings; Grants relief to JSW Steel

• In Favour of Petitioner
• Citation Number : TS-778-HC(KAR)-2025-GST

HC: E-commerce presence treated as physical-shop location; Upholds Commercial Court’s jurisdiction in TM “POLO” dispute

HC: Mere paper compliance not enough to escape tax on unexplained funds; Confirms addition u/s 68

• In Favour of Revenue
• Citation Number : TS-1185-HC-2025(CHAT)

“Taxing the Unreal?” – A Brief Walkthrough on Readiness for ‘Metaverse’ Era

HC: Partners of ‘unregistered-firm’ can't file recovery-suit alleging fraud against deceased partner