HC: Can't use Sec. 139(9) compliance rigours to deny Sec. 44AF presumptive taxation benefits; Allows refund

• In Favour of Assessee
• Citation Number : TS-1443-HC-2025(TEL)

The Startup Conundrum: Navigating Valuation, Losses, and Intangibles in Transfer pricing

HC: CCI can’t levy interest where penalty-order was under stay and later modified by Appellate forum

HC: Provisions of Sec. 153C inapplicable as search initiated post April 1, 2021; Quashes notices u/s 153C

• In Favour of Assessee
• Citation Number : TS-1442-HC-2025(MAD)

HC: Holds Assessee’s receipt as salary, not professional fee sans proof of services rendered

• In Favour of Revenue
• Citation Number : TS-1441-HC-2025(KAR)

No More Special Deals: Why Apple Should Pay Taxes in India Like Everyone Else

NCLT: Strategic group mergers aimed at reviving business shouldn’t be assumed as ‘tax avoidance’ device; Sanctions scheme

HC: Shoots down Revenue's attempt to artificially 'fragment' transaction; Upholds slump sale characterisation

• In Favour of Assessee
• Citation Number : TS-1440-HC-2025(TEL)

Delhi HC to examine taxability of property conversion from leasehold-to-freehold; Restrains DDA’s recovery move

Significant GST and Indirect Tax Rulings, Litigation Trackers, Notifications and Circulars for October 2025

NFRA issues toolkit to bolster support for small and medium audit practitioners

ITAT: Enabling provision u/s 56(2)(x)(b)(B) cannot apply retrospectively; Deletes addition for AY 2012-13

• In Favour of Assessee
• Citation Number : TS-1439-ITAT-2025(Mum)

HC: Copy of Madras HC judgment dismissing appeal against Tata-Play ruling applying SC’s limitation order

• In Favour of Respondent
• Citation Number : TS-900-HC(MAD)-2025-GST

AT PMLA: Subsidiaries established for overseas loans, ‘round-tripping’ circumvent FEMA norms; Upholds ED’s penalty

AT PMLA: FEMA contravention does not require ‘mens rea’; Reduces penalty, sets aside ED’s confiscation order

HC: Upholds RBI’s rejection of FEMA compounding-application basis ED's suspicion of serious money laundering

ITAT: Allows carry forward of capital loss to Sahara India on sale of shares held as investment & not stock-in-trade

• In Favour of Assessee
• Citation Number : TS-1436-ITAT-2025(DEL)

ITAT: Quashes Sec. 271B penalty for failure to audit record absent maintenance of books u/s 44AA

• In Favour of Assessee
• Citation Number : TS-1434-ITAT-2025(Mum)

ITAT: Benefit u/s 115BAA cannot be denied for non-filing of Form 10IC in subsequent-year once validly exercised earlier

• In Favour of Assessee
• Citation Number : TS-1438-ITAT-2025(Bang)

HC: Citing 'personal liberty', no 'undue financial benefits', grants anticipatory bail to 8 CAs in SFIO fraud case