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

CBIC launches ICETAB for export examination and clearance, does-away with paper documentation

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