DGGI busts Rs. 645 crore ITC fraud involving 229 dummy firms; Mastermind arrested

ITAT: No sham transactions sans inquiry, deletes derivative loss addition; Upholds reassessment

• In Favour of Both, Partially
• Citation Number : TS-1505-ITAT-2025(Mum)

HC: Bars illegal streaming of BCCI organized Cricket Events to protect JioStar’s exclusive media rights

AAR: ‘Fusible Interlining Fabrics’ containing over 85% cotton, classifiable under Chapter 52

• In Favour of Applicant
• Citation Number : TS-935-AAR(GUJ)-2025-GST

ITAT: Sec. 54 amendment prospective, allows benefit for foreign property purchased prior to AY 2015-16

• In Favour of Assessee
• Citation Number : TS-1504-ITAT-2025(DEL)

NCLT: Holding co.'s beneficial-owner can't don hat of subsidiary's "registered owner" to allege oppression/mismanagement

Analysing Recent ITAT Ruling on Sec. 115BAA & Chapter XII Interplay

Tax Beats #11 - Income-tax Act, 2025 Distilled with Abhishek Mundada

AAR: Liquidated damages under concession contract are ‘pre-agreed cash compensation’, not taxable under GST

• In Favour of Applicant
• Citation Number : TS-934-AAR(GUJ)-2025-GST

ROC Adjudication Orders Referencer

ITAT: Settlement for civil suit withdrawal not asset transfer u/s 2(47), given no legally enforceable right in property

• In Favour of Assessee
• Citation Number : TS-1499-ITAT-2025(Mum)

AAR: No ITC on GST paid for long-term land lease for setting car-battery cell factory

• In Favour of Respondent
• Citation Number : TS-933-AAR(GUJ)-2025-GST

NCLAT: Liquidator must obtain AA's 'prior' permission for conducting private-sale before setting up terms & conditions

MoF notifies protocol amending India-Belgium DTAA u/s 90(1)

ITAT: Quashes retrospective Trust-registration cancellation; No invocation of Sec.12AB(4) for violations prior to new regime

• In Favour of Assessee
• Citation Number : TS-1500-ITAT-2025(DEL)

SEBI: Proposes two IPO reforms to enhance business ease and retail investor participation

Amid Union's opposition, HC poses searching questions on gift tax parity for same-sex couples

ITAT: No denial of Sec.23(1)(c) benefit if property remains vacant despite bona fide efforts; Deletes deemed rent addition

• In Favour of Assessee
• Citation Number : TS-1498-ITAT-2025(Ahd)

Mexico Adopts 2026 Economic Package Containing Various Tax Measures

HC: Dismisses appeal against award, upholds invocation of ‘trinity principle’ for rejecting interim-relief