SC: Small Cause Court’s exclusive jurisdiction doesn’t automatically render arbitration clause invalid; Upholds arbitrator-appointment

SC: Undertaking by promoter to infuse funds into borrower co., not ‘guarantee’ under Contract Act

EPFO: Clarifies, holidays, weekly offs won’t break ‘continuous service’ for EDLI benefits

IIAC : Eases arbitrator empanelment norms for MSME disputes

IBBI: Tightens liquidation reporting by mandating e-filing of forms on Board portal

SEBI: Notifies phased enhanced capital adequacy, liquid net worth norms for Merchant Bankers

ITAT: Affirms Sec. 68 addition deletion as onus discharged; Consultancy expenses incurred wholly & exclusively for business purposes

• In Favour of Assessee
• Citation Number : TS-1729-ITAT-2025(DEL)

ITAT: Confirms CIT(A)’s order on comparables selection; Allows working-capital adjustment

• In Favour of Assessee
• Citation Number : TS-792-ITAT-2025(Mum)-TP

Tax Beats #16 - Decoding Supreme Court's American Express Ruling!

Shipping Booklet – A Guide to Key Regulatory and Tax Considerations for Shipping Entities in India

ITAT: With divergent views on bogus purchases, PCIT action u/s 263 unsustainable; Quashes order

• In Favour of Assessee
• Citation Number : TS-01-ITAT-2026(DEL)

NCLAT: NCLT empowered to exercise Sec. 49 jurisdiction despite ‘non-mentioning’, if ‘sufficient pleadings’ on record

ITAT: Directs TPO to select comparables involved in automotive sector; Deletes TP-adjustment qua outstanding receivables

• In Favour of Both, Partially
• Citation Number : TS-791-ITAT-2025(CHNY)-TP

ITAT: Applies rule of consistency; Deletes TP-adjustment qua management charges

• In Favour of Assessee
• Citation Number : TS-790-ITAT-2025(CHNY)-TP

ITAT: Accepts assessee’s LIBOR+200 bps as interest on outstanding overdue receivable

• In Favour of Assessee
• Citation Number : TS-789-ITAT-2025(Bang)-TP

ITAT: Excludes comparables under SWD and DCM segments; Cites huge turnover, rendering distinct services

• In Favour of Assessee
• Citation Number : TS-793-ITAT-2025(Bang)-TP

HC: No general penalty u/s 125 once ‘late fee’ is payable on belated GSTR-9 filing

• In Favour of Petitioner
• Citation Number : TS-01-HC(MAD)-2026-GST

HC: Affirms injunction against use of “POWER FLEX” for footwear, holds mark subsumes Bata’s TM “POWER”

SC: Mere ‘implication’ can’t take away party’s right to object to ineligible arbitrator’s appointment

ITAT: PCIT lacks jurisdiction u/s 263 to revise null & void assessment order; Quashes Revision

• In Favour of Assessee
• Citation Number : TS-1746-ITAT-2025(DEL)