ITAT: Allows depreciation on goodwill u/s 32(1) generated under amalgamation, legally approved by NCLT

• In Favour of Assessee
• Citation Number : TS-1191-ITAT-2025(Rjt)

HC: Section 107 does not permit attaching/restraining funds after pre-deposit payment; Directs refund

• In Favour of Not Available
• Citation Number : TS-783-HC(AP)-2025-GST

IBC Round-Up - August, 2025

NCLT: Observing non-compliances galore, directs investigation into co.’s affairs over oppression-mismanagement plea

ITAT: Receipts from Unit Linked Insurance Policy, capital asset u/s 2(14)(a), as Sec. 10(10D) benefit not availed

• In Favour of Assessee
• Citation Number : TS-1190-ITAT-2025(Mum)

SC: Denial of adjournments, illegible RUDs supply, not natural justice violation; Dismisses SLP, upholds HC

• In Favour of Petitioner
• Citation Number : TS-782-SC-2025-GST

HC: HC: Search u/s 132 lawful, cites valid "Reasons to Believe"; Dismisses writ

• In Favour of Revenue
• Citation Number : TS-1189-HC-2025(DEL)

SC: Sets aside HC-order banning Cognizant from using logo infringing Atyati’s device mark

GSTN Advisory - File pending GST-returns now before portal bars them this September

SC: Denial of possession to ‘RP-verified’ homebuyers’ claim inflicts unfair, unwarranted prejudice; Allows appeal

ITAT: Sec. 2(47)(v) inapplicable, sans transfer of legal possession under JDA; Deletes addition on deemed basis

• In Favour of Assessee
• Citation Number : TS-1188-ITAT-2025(Bang)

Govt. permits MRP revision on unsold stock following rate changes

HC: Upholds disallowance towards delayed PF payments; Explanation 5 to Sec. 43B, clarificatory

• In Favour of Revenue
• Citation Number : TS-1187-HC-2025(DEL)

Special Court SEBI: Convicts co.’s Directors for failing to pay SEBI penalties; Directs 6 months imprisonment

ITAT: Rules on comparables for ITeS-provider considering turnover, brand-value, TPO's search matrix, merger

• In Favour of Revenue
• Citation Number : TS-518-ITAT-2025(Bang)-TP

ITAT: Holds PCIT lacks authority to assume jurisdiction u/.s 263 to revise final assessment order

• In Favour of Both, Partially
• Citation Number : TS-524-ITAT-2025(Mum)-TP

NCLT: Allows merger of 11 construction cos. aiming to achieve simplified corporate structure

ITAT: Remands matter to CIT(A), cites failure to address AO's findings on unexplained crypto transactions

• In Favour of Assessee
• Citation Number : TS-1186-ITAT-2025(Mum)

NCLT: Allows demerger & amalgamation scheme aimed at achieving cost efficiencies

NCLT: Rejects merger of 11 cos. citing negative net-worth, lack of credible financial viability