ITAT: Excludes 5 functionally-dissimilar comparables; Remits TP-adjustment qua interest on receivables

• In Favour of Assessee
• Citation Number : TS-357-ITAT-2025(Bang)-TP

ITAT: Rules on comparables selection and working capital adjustment; Follows precedents

• In Favour of Both, Partially
• Citation Number : TS-358-ITAT-2025(CHNY)-TP

ITAT: Holds forex loss as operating item; Grants adjustment for product development expenses

• In Favour of Both, Partially
• Citation Number : TS-359-ITAT-2025(CHNY)-TP

Taxability of TDR – Are We Witnessing a Change in Perspective?

HC: CBDT's order with cut-off, ultra vires: Directs Interim Board to consider settlement applications filed by Sep 30, 2021

• In Favour of Assessee
• Citation Number : TS-807-HC-2025(KER)

HC: TM “Sun Pharma” doesn’t bar use of “SON” in mark “NICSON PHARMA”

Novation in International Tax Treaties

RBI: Revises qualifying assets criteria for NBFC-MFIs

RBI: Notifies STRIPS facility for State Government Securities, effective immediately

RBI: Mandates reminders, allows Business Correspondent-led KYC updates by REs

RBI: Banks to provide KYC updation for inoperative accounts, unclaimed deposits

HC: Compensation for ESOPs loss, capital receipt, not taxable as perquisite; Distinguishes Madras HC judgment

• In Favour of Assessee
• Citation Number : TS-806-HC-2025(KAR)

SC stays HC order stalling reversed transitional credit refund; Issues notice

NCLAT: Compliance of order doesn’t amount to “purging” of contempt

HC: Adjudication order uploaded on portal valid; Rejects signature related technicalities

• In Favour of Applicant
• Citation Number : TS-552-HC(GUJ)-2025-GST

Accounting Expert Dr. Anand Banka joins MSKA

HC: Disposes Revenue’s challenge granting refund of cenvat-credit transitioned and reversed; Stays refund

• In Favour of Petitioner
• Citation Number : TS-551-HC(BOM)-2025-GST

NCLT: Rs. 5 lakh costs on parties for approaching with unclean hands seeking oppression-mismanagement petition withdrawal

ITAT: Gifted shares not taxable; Rules reassessment invalid due to procedural lapses & timing

• In Favour of Assessee
• Citation Number : TS-805-ITAT-2025(Mum)

Validity of NOC for imported Alcoholic Beverages having no expiry extended to 365 days