HC: Excess ITC claimed over GSTR-3B/2A discrepancy constitutes ‘wrongful availment and utilisation of ITC'; Interest attracted

• In Favour of Respondent
• Citation Number : TS-457-HC(MAD)-2026-GST

HC: Use of word "may" no impediment where other clauses unequivocally employ "shall" for arbitration

SC: Exclusive jurisdiction clause prevails over twin seat/venue in arbitration

RBI: Releases FAQs on swap facility for FCNR deposits, ECBs and overseas foreign currency borrowings

SEBI undertakes comprehensive review of Master Circulars governing stock exchanges, commodity derivatives

ITAT: Mckinsey’s receipts from ‘borrowed services’, neither FTS nor taxable as business profits, sans PE in India

• In Favour of Assessee
• Citation Number : TS-933-ITAT-2026(Mum)

DGTR recommends 5-year ADD on Faced Glass Wool imports from Egypt

GSTAT Chennai commences first hearing; Marks operationalisation of GST appellate mechanism in Tamil Nadu & Puducherry

ITAT: Upholds CIT(A)'s restriction of royalty payment to ALP accepted under APA covering other AYs

• In Favour of Assessee
• Citation Number : TS-489-ITAT-2026(CHNY)-TP

Piyush Goyal, USTR Jamieson Greer review progress on India–US Bilateral Trade Agreement

ITAT: Modifies earlier order w.r.t separate benchmarking of payment of infrastructure service fees, expense reimbursement

• In Favour of Assessee
• Citation Number : TS-488-ITAT-2026(DEL)-TP

ITAT: Directs AO to pass rectification order by reducing TP adjustment to Nil as recomputed by TPO

• In Favour of Assessee
• Citation Number : TS-490-ITAT-2026(Bang)-TP

Supreme Court’s Tiger Global Verdict and Its Impact on Offshore Holding Structures

ITAT: NRI must substantiate proximate travel expenses incurred wholly & exclusively for transfer; Remands claim

• In Favour of Both, Partially
• Citation Number : TS-930-ITAT-2026(Bang)

HC: Defective verification reports fail statutory ‘reasons to believe’ test required for registration cancellation

• In Favour of Petitioner
• Citation Number : TS-456-HC(KAR)-2026-GST

HC: Grants interim injunction against use of marks infringing POSITIVE GEMS TMs

HC: Registrar not bound by Evidence Act while deciding trademark oppositions

HC: Restrains YouTubers from publishing disparaging content against AI+ Smartphones

HC: Protects MMT’s TM “MyBiz”, interimly bars EaseMyBiz app and domain name use

HC: Permanently restrains use of mark “BON K2 FORTE” infringing Integrace’s TM “BON-K2”