ITAT: Timing of payment irrelevant for Sec. 43A capitalization of forex loss; Follows Woodward Governor

• In Favour of Revenue
• Citation Number : TS-962-ITAT-2025(Ahd)

HC: Refuses interim relief to Conqueror Innovations in case alleging patent infringement by Xiaomi

HC: Rejects State's challenge to arbitral-award citing arbitrator's adequate reasoning, no perversity

HC: Rejects reference to arbitration, citing ambiguous "may" vs. "shall" clause

SC: Stays Bombay HC's Rs. 1,169 cr. deposit order in MMRDA–Reliance metro dispute

SC: Arbitration clause alone can't quash criminal proceedings if investigation reveals prima facie offence

Decoding Supreme Court’s Hyatt Verdict: A Turning Point for Fixed Place PE

NCLT: Dismisses winding-up petition aimed at clandestinely wriggling out of arbitral award consequences

ITAT: Rejects technicality, allows HDFC bank to raise ESOP expense deduction even if not claimed in original return

• In Favour of Assessee
• Citation Number : TS-961-ITAT-2025(Mum)

HC: Quashes penalty for mentioning incorrect place of shipment in EWB owing to technical error

• In Favour of Petitioner
• Citation Number : TS-654-HC(ALL)-2025-GST

GST @8 - Simple Steps, Not a Leaping Overhaul, is Need of Hour

ITAT: In marquee CCD search case, Revenue loses big; Unverified employee statements discarded

• In Favour of Assessee
• Citation Number : TS-960-ITAT-2025(Bang)

SC: To decide Revenue challenge to IMA Judgment on 'mutuality' principle

HC: Multiple residential houses qualify for capital gains exemption under unamended Sec. 54(1)

• In Favour of Assessee
• Citation Number : TS-959-HC-2025(BOM)

HC: Quashes ‘patently illegal’ arbitral-award against Birla; Cites tribunal’s bias, lack of evidence

UK-India FTA impact assessment raises toast for British whisky, machinery, auto imports

SC hears State's appeal against Karnataka HC verdict on State's competence to regulate online money gaming

SC: Final adjudication order a substantive safeguard, not mere formality, ensures right to appeal

• In Favour of Petitioner
• Citation Number : TS-653-SC-2025-GST

AT PMLA: Affirms FEMA contravention by non-resident for illegally buying land in India, but reduces penalty

SC: SC: Hyatt's substantive control on Indian operations constitutes PE; Economic substance overrides legal form

• In Favour of Revenue
• Citation Number : TS-954-SC-2025