SC: Counter-claim for specific performance not maintainable solely against co-defendant; Quashes HC order

SC: “Reasons to believe” mandatory for search and seizure under Legal Metrology Act; Quashes ITC-warehouse search

SC: Gravity of allegations outweigh delay in initiation of proceedings; Court’s to decide bail pleas in 2-months

SC: Sanctity of tender process is paramount, corrections done post opening of bids impermissible

NCLT: Admits Reliance Home Finance into insolvency citing acknowledgement of default in inter-corporate loan

SEBI: Censures stockbroker for multiple breaches of Intermediaries & Stockbroker norms

SEBI: Censures, bars NNM Securities from onboarding new clients citing misuse of client funds

SEBI: Imposes Rs. 2 lakh penalty on Co. for material facts' misrepresentation, LODR violations

SAT: Halts SEBI's coercive recovery in Sadhna Broadcast pump-and-dump case

ITAT: Upholds disallowance for brought forward business loss due to belated filing of return u/s 139(1)

• In Favour of Assessee
• Citation Number : TS-1248-ITAT-2025(Mum)

HC: Quashing Section-74 proceedings, rebukes dealer's 'harassment' under guise of fraud to invoke extended-period

• In Favour of Petitioner
• Citation Number : TS-806-HC(ALL)-2025-GST

ITAT: Deletes TP-adjustment qua interest on receivables; Considers net margin, debt-free status, etc

• In Favour of Assessee
• Citation Number : TS-550-ITAT-2025(DEL)-TP

ITAT: Deletes TP adjustment made on account of outstanding receivables; Follows earlier order

• In Favour of Assessee
• Citation Number : TS-548-ITAT-2025(DEL)-TP

ITAT: Directs inclusion of comparable passing turnover filter w.r.t benchmarking ITeS

• In Favour of Assessee
• Citation Number : TS-547-ITAT-2025(DEL)-TP

ITAT: Remits TP-adjustment w.r.t trading segment, TPO to examine if foreign-AE can be considered tested party

• In Favour of Both, Partially
• Citation Number : TS-549-ITAT-2025(Bang)-TP

Assessments Under Section 201 – A Nightmare Awaiting Manifestation

NCLAT: Sec. 61 proceedings at shareholders’ behest, ‘not maintainable’; Clarifies scope of ‘aggrieved person’

Aligning GST with Business Realities: Council and CBIC Clarify Post-Supply Discount Provisions

To Do or Not to Do: Navigating the Anti-Profiteering Dilemma

ITAT: Satisfaction of twin conditions u/s 36(1)(vii) r.w. Sec. 36(2) entitles deduction of bad debts written off

• In Favour of Assessee
• Citation Number : TS-1247-ITAT-2025(CHNY)