MoF notifies exemption u/s 197A(1F) from TDS on payments made to units of IFSC

MNE Roadkill? Why Pillar 2 Survives With or Without the U.S.

HC: Quashes Sec. 119(2)(b) rejection for revised ITR post-amalgamation, remits for de novo adjudication

• In Favour of Assessee
• Citation Number : TS-796-HC-2025(GUJ)

ITAT: Upholds assessment order by ACIT despite Sec. 143(2) notice by ITO as jurisdiction assumed within CBDT norms

• In Favour of Assessee
• Citation Number : TS-802-ITAT-2025(Ahd)

ITAT: Deletes additions on capital contribution to firm, given Assessee substantiated loan from father

• In Favour of Assessee
• Citation Number : TS-803-ITAT-2025(Ahd)

ITAT: Deletes protective addition as peak unexplained income already taxed in employee’s hands, sans corroborative evidence

• In Favour of Assessee
• Citation Number : TS-804-ITAT-2025(Mum)

HC: DRP directions without DIN bad in law, quashes consequential assessment orders

• In Favour of Assessee
• Citation Number : TS-797-HC-2025(MAD)

SEBI: Proposes guiding principles for responsible use of AI/ML in securities markets

NCLT: Approves Adani Power’s resolution plan for Vidarbha Industries Power

HC: Restricts pre-deposit for sweetmeat shop-cum-restaurant operator in ineligible ITC dispute, cites demand duplication

• In Favour of Petitioner
• Citation Number : TS-546-HC(DEL)-2025-GST

HC: S.54(11) not operational standalone absent stay on order by Appellate-Authority sanctioning refund

• In Favour of Petitioner
• Citation Number : TS-545-HC(DEL)-2025-GST

HC: Same adjudicatory authority to decide revocation application against GSTIN suspension retrospectively timely

• In Favour of Petitioner
• Citation Number : TS-544-HC(DEL)-2025-GST

HC: Duplication of proceedings tantamount to ‘error apparent on the face-of-record’, amenable to rectification-proceedings

• In Favour of Petitioner
• Citation Number : TS-543-HC(KER)-2025-GST

HC: Directs original-authority to issue individual orders for each year encompassed u/s 128A Amnesty Benefit

• In Favour of Petitioner
• Citation Number : TS-547-HC(KAR)-2025-GST

Italy : Italy Introduces Urgent Tax Measures, Amends Rules on Controlled Foreign Companies and Penalty Protection Documentation on Hybrid Mismatches

ITAT: Additions u/s 153A unsustainable given no incriminating material found during search

• In Favour of Assessee
• Citation Number : TS-801-ITAT-2025(Mum)

HC: Expenditure on sugarcane allowable basis order receipt & business necessity, clarifies expense crystallization

• In Favour of Assessee
• Citation Number : TS-800-HC-2025(MAD)

HC: Quashes Taiho Pharma’s patent rejection citing Controller’s failure to identify prior art

ITAT: Upholds validity of assessment proceedings u/s.144C; Assessee 'eligible', not prejudiced by 'improper service'

• In Favour of Revenue
• Citation Number : TS-349-ITAT-2025(DEL)-TP

ITAT: Excludes comparables applying upper turnover filter of Rs.200 crores for software segment

• In Favour of Assessee
• Citation Number : TS-351-ITAT-2025(Bang)-TP