SC: Quashes tax prosecution launched in defiance of CBDT circular; Imposes costs

• In Favour of Assessee
• Citation Number : TS-1124-SC-2025

New Zealand : Tax Bill Gives Relief to Digital Nomads Remote Working in New Zealand

EO period for Chemicals import subject to mandatory QCO, extended to 18 months

SEBI: Issues Consultation Paper on framework for Registrars to an Issue and Share Transfer Agents

SEBI: Issues Consultation Paper on Review of Block Deal Framework

IFSCA: Issues Consultation Paper for framework on Stewardship Code in IFSC

SEBI: Issues Consultation Paper on Closing Auction Session in equity cash segment

ITAT: Allows indexed cost of improvement, despite cash payment & lack of bank records for expenditure

• In Favour of Assessee
• Citation Number : TS-1122-ITAT-2025(Ahd)

NCLT: Rebuffs 'proxy' shareholder’s waiver plea in oppression-mismanagement case; Slaps Rs. 25,000 cost

ITAT: Original order ‘set aside’ u/s 264 sans any directions to Revenue, fresh assessment legally impermissable

• In Favour of Assessee
• Citation Number : TS-1121-ITAT-2025(Bang)

HC: Restores injunction on use of Cognizant’s logo, allows Atyati’s appeal against vacation order

ITAT: Holds LIBOR applicable for benchmarking loan transaction; Applies 1% rate as corporate guarantee commission

• In Favour of Assessee
• Citation Number : TS-491-ITAT-2025(DEL)-TP

ITAT: Confirms addition of commission income against CA providing accommodation entries for bogus LTCG

• In Favour of Assessee
• Citation Number : TS-1120-ITAT-2025(DEL)

ITAT: Adopts LIBOR+2% as interest rate on outstanding receivable; Follows precedents

• In Favour of Assessee
• Citation Number : TS-492-ITAT-2025(Mum)-TP

ITAT: Stays recovery of balance outstanding demand for a period of 180 days

• In Favour of Assessee
• Citation Number : TS-493-ITAT-2025(DEL)-TP

ITAT: Remits determining assessee’s correct margin for export of machinery and tools

• In Favour of Assessee
• Citation Number : TS-494-ITAT-2025(Mum)-TP

ITAT: Excludes 4 comparables in SWD segment; Grants working capital adjustment

• In Favour of Assessee
• Citation Number : TS-489-ITAT-2025(CHNY)-TP

ROC Adjudication Orders Referencer

Order-based refunds now allowed, irrespective of Demand ID status - GSTN Advisory

HC: Delay in DRC-07 upload, not determinative of limitation; Service through email valid

• In Favour of Respondent
• Citation Number : TS-744-HC(DEL)-2025-GST