SEBI: Notifies revised format of ‘Disclosure Document’ for Portfolio Managers

SEBI: Issues framework for AIFs to make co-investment within AIF structure

ITAT: Receipts for providing other facilities to tenants taxable as business income, not IFOS

• In Favour of Assessee
• Citation Number : TS-1210-ITAT-2025(Mum)

ITAT: Third Member rules Microsoft India’s AY 2017-18 assessment time-barred due to delayed DRP directions

• In Favour of Assessee
• Citation Number : TS-534-ITAT-2025(DEL)-TP

ITAT: Allows adjustment of interest expense against interest income u/s 57, cites clear nexus to interest income

• In Favour of Assessee
• Citation Number : TS-1209-ITAT-2025(Mum)

NCLT: Sanctions demerger involving share allotment to demerged co. by resulting co.’s foreign parent

ITAT: Excludes/Includes comparables in SWD segment; Remits working capital adjustment

• In Favour of Both, Partially
• Citation Number : TS-533-ITAT-2025(Bang)-TP

ITAT: Restricts outstanding receivable interest at LIBOR+0.65%; Confirms deletion of adjustment qua outstanding share application money

• In Favour of Both, Partially
• Citation Number : TS-531-ITAT-2025(Mum)-TP

ITAT: Rejects Assessee's plea for grant of benefit u/s 56(2)(vii)(b), as Sec. 50C(2) benefit already allowed

• In Favour of Assessee
• Citation Number : TS-1208-ITAT-2025(Mum)

HC: Pulls-up officer for not-enforcing recent judicial-pronouncement; Directs to structure a road-map for legal-updates

HC: Grants interim-relief to electronics trader; Restrains coercive-recovery of refund over verification doubts

Delhi HC restrains Revenue from opening CCTV footage seized during search, recognizes privacy concerns

SC : Upholds NCLAT ruling quashing CIRP initiated against realtor at behest of ‘speculative investor’

GSTAT is Finally Here – What Must Taxpayers Expect!

SEBI: Slams newly-registered Merchant Banker for “hoodwinking” inspections team; Suspends registration

ITAT: Consideration received under Scheme of Arrangement not ‘slump sale’ u/s 2(42C), Sec. 50B inapplicable

• In Favour of Assessee
• Citation Number : TS-1206-ITAT-2025(Mum)

Delhi HC to decide refund-claim of tax-deposited under protest after dropping of notice

HC: Issues interim injunction to protect Aishwarya Rai against misuse of her personality, publicity rights

Delhi HC to examine IGST refund rejection over ‘risky exporter’ tag, despite supplier verification

ITAT: Loose sheets & third-party notings alone do not justify additions, deletes capitation fees addition

• In Favour of Assessee
• Citation Number : TS-1205-ITAT-2025(Bang)