SC: All parties can argue over ‘priority of claims’; Restores SARFAESI-PF Act matter to HC

ITAT: Deletes disallowance of entire purchases given genuineness explained with plausible evidence

• In Favour of Assessee
• Citation Number : TS-1135-ITAT-2025(DEL)

Significant GST and Indirect Tax Rulings, Litigation Trackers, Notifications and Circulars for August 2025

ITAT: Reduces penalty citing AO’s omission to adhere to statutory framework u/s 271(1)(b)

• In Favour of Assessee
• Citation Number : TS-1123-ITAT-2025(Ahd)

ITAT: Quashes CIT(E) order denying approval u/s 80G(5)(iii) sans violation; Relies on Neel Gagan

• In Favour of Assessee
• Citation Number : TS-1118-ITAT-2025(DEL)

ITAT: Restricts Sec. 69C addition on bogus purchases to 3%, basis order in earlier AYs

• In Favour of Assessee
• Citation Number : TS-1117-ITAT-2025(Mum)

ITAT: Vague satisfaction note lacking precision, vitiates assessment u/s 153C

• In Favour of Assessee
• Citation Number : TS-1140-ITAT-2025(DEL)

SEBI: Debars, penalises ex-Chairman of Golden Tobacco, 2 others, for fund diversion

ITAT: Quashes final assessment order as passed in name of non-existing company; Follows assessee’s earlier order

• In Favour of Assessee
• Citation Number : TS-504-ITAT-2025(COCH)-TP

ITAT: Rules on TP adjustment qua corporate guarantee; Follows earlier orders

• In Favour of Assessee
• Citation Number : TS-501-ITAT-2025(Kol)-TP

ITAT: Holds TP-adjustment qua sale of power by CPP as academic since assessee did not claim deduction u/s 80-IA

• In Favour of Assessee
• Citation Number : TS-500-ITAT-2025(Kol)-TP

ITAT: Upholds assessee's aggregation approach, deletes TP-adjustment qua management charges

• In Favour of Assessee
• Citation Number : TS-503-ITAT-2025(CHNY)-TP

Navigating Interplay between Pillar 2 and Transfer Pricing

HC: Loss set-off claim cannot be denied over technicalities, rules genuine hardship justifies delay in return filing

• In Favour of Assessee
• Citation Number : TS-1139-HC-2025(GUJ)

August collections at Rs. 1.86 lakh cr, registers 6.5% YoY increase

HC: Quashes reassessment proceedings, no link between cash deposit during demonetization & escaped income

• In Favour of Assessee
• Citation Number : TS-1138-HC-2025(GUJ)

HC: Temporarily bars rogue websites from illegally using, infringing Zepto’s trademarks

GST 2.0 - A Stitch in Time will Save Nine

Taxsutra Compilation: International Tax Capsule - August 2025

Taxsutra Compilation: Domestic Tax Rulings - August 2025