Recasting Goodwill as an Intangible Workforce: A Double-Edged Sword?

ITAT: Alleged financial irregularities don't justify Sec. 12AB cancellation; Quashes PCIT’s order

• In Favour of Assessee
• Citation Number : TS-755-ITAT-2026(DEL)

ITAT: Unsigned penalty notice is akin to 'body without soul'; Quashes notice citing defect cannot be cured by DIN

• In Favour of Assessee
• Citation Number : TS-754-ITAT-2026(Bang)

AT PMLA: Subscription to foreign entity's MoA constitutes 'direct investment outside India'; Partly allows ED's appeal

AT PMLA: Dropping of charges by Customs Commissioner doesn't absolve FEMA liability; Reduces penalty

ITAT: Rejects invocation of benefit test, deletes TP adjustment qua Franchise fee payment

• In Favour of Both, Partially
• Citation Number : TS-406-ITAT-2026(Mum)-TP

NCLT: Routine administrative matters can't justify condonation of "enormous delay”; Dismisses Tax Dept.'s plea

DGFT allocates 8606 MTRV raw cane sugar export quota to USA; Launches online CoO module for Agarwood exports

Government imposes ADD on Monoisopropylamine imported from China; Extends ADD on Natural Mica based Pearl Industrial Pigments

NCLT: Commercial wisdom of CoC, paramount; Approves Rs. 461 cr. resolution plan for real-estate developer

ITAT: Shifting expenses from rented to own premises, revenue expenditure, capitalization serves no purpose

• In Favour of Assessee
• Citation Number : TS-753-ITAT-2026(Bang)

HC: Rejects Musician Ilaiyaraaja’s copyright appeal, upholds Saregama India’s rights over disputed sound recording

ITAT: Remands matter allowing trust to file Sec. 12AB registration; Directs Revenue to consider delay condonation

• In Favour of Assessee
• Citation Number : TS-752-ITAT-2026(Bang)

ITAT: Excludes 5 comparables and restricts commission @ 0.04% on comfort letter for ICICI Bank; Follows earlier orders

• In Favour of Assessee
• Citation Number : TS-405-ITAT-2026(Mum)-TP

ITAT: Excludes functionally dissimilar companies; Deletes adjustment

• In Favour of Assessee
• Citation Number : TS-404-ITAT-2026(DEL)-TP

HC: Quashes arbitral-award, citing identified “breaking point”, limitation bar; Imposes costs for “inconsistent stand”

CCI: No abuse of dominance by BLK Max Hospital absent comparable hospital pricing analysis

NCLAT: No abuse of dominance by KSBC; Upholds CCI closure in Kerala liquor procurement case

Reassessing the Expanding Powers of Customs and DRI in FTA Investigations

ITAT: Difference in view cannot lead to invocation of proceedings u/s 263; Quashes revision against Asian Paints

• In Favour of Assessee
• Citation Number : TS-751-ITAT-2026(Mum)