ITAT: LO activities preparatory & auxiliary under India-Netherlands DTAA; Rejects PE status & profit attribution for foreign co.

• In Favour of Assessee
• Citation Number : TS-1465-ITAT-2025(Mum)

Govt notifies tolerance range for AY 2025-26; Retains 1% for wholesale traders & 3% for others

NCLT: Dispenses with shareholders, creditors’ meetings for Carnoustie group cos. amalgamation

NCLT: Approves demerger scheme of Uma construction group cos. aimed at streamlining corporate structure

NCLT: Sanctions scheme of arrangement between 10 Bharti Land group cos.; Details transfer of assets, liabilities

NCLT: Directs meetings of shareholders, creditors of Hind Samachar, given absent consent affidavits for demerger

France : France Sets Out VAT Exemption Thresholds Retroactively Applicable from 1 March 2025, Repeals Suspended Reduction

HC: Copy of Delhi HC order on examination of nexus between GST Intelligence inputs & reassessment u/s 148A

• In Favour of Assessee
• Citation Number : TS-1462-HC-2025(DEL)

NCLT: Dismisses Director's appeal for restoration of co.'s name, absent 'shareholding'

ITAT: Capital gains on transfer of development rights taxable to individual members, not Assessee-society

• In Favour of Assessee
• Citation Number : TS-1461-ITAT-2025(Mum)

HC: Quashes ECrL blocking communicated via SMS sans reasons and pre-decisional hearing; Directs immediate unblocking

• In Favour of Petitioner
• Citation Number : TS-893-HC(KAR)-2025-GST

ITAT: Sec. 69A applies only to unexplained/unrecorded money in books; Deletes addition

• In Favour of Assessee
• Citation Number : TS-1460-ITAT-2025(Bang)

Govt. publishes Draft Special Financial Rules for Research Development and Innovation Fund

IFSCA: Issues Stewardship Code Framework for fund management entities & institutional investors at IFSC

SEBI: Enables Investment Advisers to provide “Second Opinion” on existing portfolios

SEBI: Issues interim framework for pre-PaRRVA performance data disclosure by IAs/RAs

SEBI: Allows transfer of PMS business between registered Portfolio Managers with prior approval

ITAT: Singapore entity not conduit, satisfies PPT test; Grants LTCG exemption

• In Favour of Assessee
• Citation Number : TS-1458-ITAT-2025(Mum)

HC: Admits Revenue’s appeal on adjustments qua corporate guarantee and outstanding receivables

HC: Goodwill of TM “TULIPS” limited to hygiene products, no passing-off in use for perfumes