Bombay HC to examine if mandatory 3-month gap is required between SCN and adjudication u/s 73

Budget 2026: The Blueprint for a Simplified Tax Regime & an R&D-Led Economy

​Tax Beats #17 -Income-tax Act, 2025 Distilled with Abhitan Mehta

SC: Copy of SC-order granting bail in fake-ITC case citing prolonged custody and stalled trial

• In Favour of Petitioner
• Citation Number : TS-06-SC-2026-GST

ITAT: ITAT: Branch office/PE a separate entity, entitled to reimbursements & procurement cost deductions

• In Favour of Assessee
• Citation Number : TS-24-ITAT-2026(DEL)

HC: Electronic credit ledger blocking beyond 1-year impermissible; Directs withdrawal

• In Favour of Petitioner
• Citation Number : TS-08-HC(CAL)-2026-GST

SC: Appoints empowered committee for Supertech Realtors project resolution

SC: ‘Clean slate’ principle shields Successful Resolution Applicant from pre-CIRP arbitration; Allows appeal

SC: Grants bail to PMLA accused citing ‘unlikely’ completion of trial within reasonable time

SC: Accused’s prolonged incarceration before being pronounced guilty shouldn’t operate as ‘punishment without trial’

HC: Remands GST demand based on Income Tax Form 3CD and Sales ledger mismatch

• In Favour of Petitioner
• Citation Number : TS-05-HC(GUJ)-2026-GST

Net Direct Tax collection increases by 8.82%, Refunds decrease by 16.92%

SC to deliver judgment in blockbuster Tiger Global case on January 15

RBI : Issues Foreign Exchange Management (Guarantees) Regulations, 2026

ITAT: Confirms CIT(A)’s deletion of TP-adjustment qua import transaction under manufacturing, trading and service segments

• In Favour of Assessee
• Citation Number : TS-03-ITAT-2026(DEL)-TP

ITAT: Deletes TP-adjustment qua transfer of electricity & steam, considers earlier order

• In Favour of Assessee
• Citation Number : TS-807-ITAT-2025(ASR)-TP

HC: Confirms ITAT’s order deleting TP-adjustments w.r.t payments for IGS and royalty

• In Favour of Assessee
• Citation Number : TS-808-HC-2025(DEL)-TP

HC: Quashes final assessment order passed 5 months beyond from due date

• In Favour of Assessee
• Citation Number : TS-809-HC-2025(KAR)-TP

ITAT: Holds Agency and Marketing support services as distinct segments; Remits TP-adjustment

• In Favour of Assessee
• Citation Number : TS-04-ITAT-2026(DEL)-TP

ITAT: Mere uploading/ generation of notice on tax portal not ‘issuance’ unless communicated

• In Favour of Assessee
• Citation Number : TS-23-ITAT-2026(HYD)