GST reforms to boost growth and competitiveness in Andhra Pradesh

SEBI: Fines, debars MAN Industries for 2 years, over fund diversion, financial misrepresentation

ITAT: Quashes Sec. 263 revisionary order qua bogus purchases given issue pending before CIT(A)

• In Favour of Assessee
• Citation Number : TS-1292-ITAT-2025(Mum)

NCLT: Amendment in accounting treatment of ‘approved’ merger scheme permissible if no ‘material change’ occurs

ITAT: Penalty u/s 271C not leviable for delayed TDS remittance; Remits matter for verification

• In Favour of Assessee
• Citation Number : TS-1290-ITAT-2025(Ahd)

HC: Remands case as Appellate Authority ignored Concessionaire’s submissions on time-of-supply in Hybrid-Annuity-Model

• In Favour of Not Applicable
• Citation Number : TS-827-HC(TEL)-2025-GST

ITAT: Deletes adjustment w.r.t Sec.80-IC claim; Profit-margin variation in units due to product mix

• In Favour of Assessee
• Citation Number : TS-574-ITAT-2025(CHNY)-TP

ITAT: Deletes SDT adjustment and penalty levied u/s. 271AA; Follows precedent

• In Favour of Assessee
• Citation Number : TS-573-ITAT-2025(PUN)-TP

HC: Quashes AO's reassessment proceedings absent adjustment by TPO or new tangible material

• In Favour of Assessee
• Citation Number : TS-571-HC-2025(GUJ)-TP

HC: Dismisses Revenue's appeal against ITAT-ruling on APA's persuasive value qua disputes for non-APA years

• In Favour of Assessee
• Citation Number : TS-570-HC-2025(DEL)-TP

ITAT: Allows Sec.80-IA deduction, holds TPO's cost-reallocation between units beyond scope of ALP-determination

• In Favour of Assessee
• Citation Number : TS-563-ITAT-2025(HYD)-TP

AAR: Distinguishes demo goods from Physicians’ samples; ITC reversal not warranted

• In Favour of Applicant
• Citation Number : TS-826-AAR(KER)-2025-GST

ITAT: Rejection of books u/s 145(3) sans reasons unjustified; Upholds deleting of addition over director’s salary

• In Favour of Assessee
• Citation Number : TS-1272-ITAT-2025(DEL)

AAR: Exempts rental for agricultural land, classifies under SAC 9986 as ‘Cultivation of Plants’ service

• In Favour of Applicant
• Citation Number : TS-825-AAR(KER)-2025-GST

AAR: No embargo on CGST, IGST credits transfer to transferor-company GSTIN on account of merger

• In Favour of Applicant
• Citation Number : TS-824-AAR(KER)-2025-GST

AAR: Dry leasing helicopter for commercial-purposes construable as ‘transfer of right to use’, attracts 5%

• In Favour of Not Available
• Citation Number : TS-820-AAR(GUJ)-2025-GST

HC: Over-extending trade-dress rights without distinctiveness would create monopoly; Rejects Derma Co.’s injunction plea

ITAT: Quashes Sec. 153C assessment, holds AO failed to record separate satisfaction for non-searched Assessee

• In Favour of Assessee
• Citation Number : TS-1271-ITAT-2025(DEL)

Privacy Laws and Shift to Ethical Advertising Design (Part III)

ITAT: No penalty u/s 271(1)(c) despite addition confirmed in quantum proceedings

• In Favour of Assessee
• Citation Number : TS-1294-ITAT-2025(Mum)