IT Dept. unearths large scale misuse of deductions & exemptions by organised rackets of professional intermediaries

SEBI: Issues Master circulars for InvITs, REITs; Elaborates strict guidelines for public issues

SEBI: Issues Master circulars for CRAs/ERPs; Mandates standardization of industry classification

SEBI: Issues Master circular for listing obligations & disclosure requirements for non-convertible securities

IFSCA: Proposes extension of V-CIP framework to NRI customers from “low-risk” jurisdictions

ITAT: Deletes adjustment given accumulated funds utilized within time frame; Applies 'doctrine of impossibility'

• In Favour of Assessee
• Citation Number : TS-915-ITAT-2025(Ahd)

Parliamentary Committee meeting this week to adopt draft report on new IT Bill

HC: Upholds lifting of corporate veil by Executing Court; Cites Directors' "deceitful conduct"

SC : Dismisses Revenue's SLP as notice issued to 'non-existent' Vodafone entity

NCLT: Allows impleadment of ‘necessary and proper party’ in oppression-mismanagement case

NCLT: Director can't be denied access to accounts without evidence of misuse

NCLT: Rejects oppression-mismanagement petition, given dispute rooted in family rift

NCLT: Rejects oppression-mismanagement claims stemming from matrimonial disputes

HC: Affirms PCIT's rejection of penalty immunity u/s 273AA for incomplete disclosure

• In Favour of Revenue
• Citation Number : TS-914-HC-2025(MAD)

HC: Holds Cement Co. guilty of contempt for disobeying injunction for infringing UltraTech’s TMs

The Two-tier IT distributor Business Model: Unpacking Agency PE Risks!

ITAT: Confirms addition of unexplained bank credits sans establishment of genuineness of transaction

• In Favour of Assessee
• Citation Number : TS-913-ITAT-2025(Ahd)

NCLT: “Cannot quash proceedings in public law matters”; Directs SRA to deposit property-tax dues

SC: Appellate proceedings stand abeyed pending Settlement Commission order; Dismisses Revenue’s SLP

• In Favour of Assessee
• Citation Number : TS-912-SC-2025

CBIC continues anti-dumping duty on import of clear float glass from Malaysia