SEBI: Imposes Rs. 6 lakh penalty on stock broker for non-genuine trades in illiquid options

SEBI: Drops insider trading charges against co.'s key officials, affirms "legitimate purpose" defence

SEBI: Imposes Rs. 5 lakh penalty on Reliance Securities for cybersecurity lapses

CBDT notifies Sec.10(23FE) exemption for UAE based pension fund ‘Inbar Holding RSC Limited'

SC: Upholds SEBI-penalty on RIL for flouting insider trading norms in Jio-Facebook deal

ITAT: Sec. 197(b) cannot be trigged in absence of service of Form 2 under IDS, 2016; Deletes addition u/s 69A

• In Favour of Assessee
• Citation Number : TS-1745-ITAT-2025(CHNY)

ITAT: ITAT: Grants DTAA benefits for provision of services to Zerodha, even if Significant Economic Presence threshold exceeds

• In Favour of Assessee
• Citation Number : TS-1744-ITAT-2025(VIZ)

SC : Mushroom Growing Apparatus cannot be classified as ‘Agricultural Machinery’; Allows Revenue’s appeal

HC: Cancels non-bailable warrants against foreign citizen in ED's Videocon money-laundering probe

SEBI: Overhauls Merchant Banker Regulations, raises capital and liquidity thresholds

ITAT: ITAT: Fees towards satellite transmission services not royalty; Domestic law cannot superimpose over DTAA

• In Favour of Assessee
• Citation Number : TS-1743-ITAT-2025(DEL)

HC: Upholds ED's money-laundering charge against transport official; Dismisses BNSS challenge

ITAT: Confirms Sec. 263 order holding final assessment passed without applying Sec.69C r.w.s 11BBE

• In Favour of Assessee
• Citation Number : TS-1742-ITAT-2025(DEL)

GTR initiates anti-dumping probe on Nylon 6 Chips and Granules imports from China, Russia

CCI: Closes dominance abuse complaint against Haryana Authorities, holds development-charges regulation outside Sec. 4 scope

ITAT: Holds disallowance u/s. 37(1) w.r.t international transactions covered by APA not tenable

• In Favour of Assessee
• Citation Number : TS-785-ITAT-2025(Mum)-TP

ITAT: Holds RPM as MAM for benchmarking import transaction; Follows earlier order

• In Favour of Assessee
• Citation Number : TS-786-ITAT-2025(DEL)-TP

ITAT: Excludes Persistent Systems basis having strong IP-led business model; Follows precedent

• In Favour of Assessee
• Citation Number : TS-788-ITAT-2025(Bang)-TP

ITAT: Rules on TP-adjustments w.r.t import of sugar, export of ferrous

• In Favour of Assessee
• Citation Number : TS-787-ITAT-2025(DEL)-TP

LSI & Coortus Advisors Present M&A Rulings Digest - December 2025!