SC hears Casino's challenge against GST on Full Bet Value, as Sr. Advocates decry ‘impossible compliance’

ITAT: Affirms Sec. 56(2)(vii)(b) addition on land rights relinquishment, rejects LTCG claim sans ownership proof

• In Favour of Assessee
• Citation Number : TS-935-ITAT-2025(Ahd)

ITAT: Upholds FMV based on intrinsic valuation endorsed earlier for similar shares; Deletes addition u/s 56(2)(viib)

• In Favour of Assessee
• Citation Number : TS-930-ITAT-2025(Mum)

ITAT: Deletes Rs. 143 cr. addition on customer advances, directs AO to follow consistent accounting method

• In Favour of Assessee
• Citation Number : TS-921-ITAT-2025(Mum)

ITAT: Quashes PCIT’s revision over highly debatable issue of depreciation on ‘right to collect toll’

• In Favour of Assessee
• Citation Number : TS-946-ITAT-2025(COCH)

HC: Sets aside arbitral award passed by 'unilaterally appointed' Arbitrator; Directs fresh arbitration

HC: Cannot modify arbitral award through 'new insertions'; Rejects landowners plea for solatium

HC: Rejects Society member's challenge to Trial Court's dispute referral to arbitration basis 'by-laws'

HC: Investor can't 'wash hands off losses' after conscious participation in trading; Affirms NSE award

NCLAT: Fast-tracks CIRP; Excludes NOIDA's lease premiums from CIRP costs

HC: Awards Rs. 1.2 cr. damages to Johnson & Johnson, restrains ‘blatant infringement’ of “ORSL” marks

ITAT: Excludes Tata Elxsi, Infosys etc citing functional dissimilarity; Applies LIBOR+200 bps for trade receivables

• In Favour of Assessee
• Citation Number : TS-414-ITAT-2025(HYD)-TP

ITAT: TPO erred in going merely by TPSR qua assessee's functional profile, remits adjustment

• In Favour of Both, Partially
• Citation Number : TS-413-ITAT-2025(Bang)-TP

ITAT: Rejects recharacterization of expense reimbursement as business support services sans mark-up

• In Favour of Assessee
• Citation Number : TS-411-ITAT-2025(DEL)-TP

SC: Dismisses Revenue’s SLP challenging grant of IDS refund as per modified formula

• In Favour of Petitioner
• Citation Number : TS-646-SC-2025-GST

Suggestions, FinMin reply & Select Committee Recommendations on PGBP - Part 2

ITAT: ITAT: Indian National Congress denied Sec. 13A exemption on delayed filing, stricter interpretation prevails

• In Favour of Revenue
• Citation Number : TS-945-ITAT-2025(DEL)

Govt withdraws exemption on imported horses intended for participation in polo-games

AT PMLA: Confirms “quid-pro-quo” between former ICICI Bank CEO Chanda Kochhar and Videocon Group in Rs. 300 cr. loan case

CCI: Clears Acquisition of SGRE wind business in India, Sri Lanka by TPG-Led entities