ITAT: ITAT: Assignment of life interest in trust property not transfer of land/building, Rejects Section 50C invocation

• In Favour of Assessee
• Citation Number : TS-1740-ITAT-2025(Mum)

IBC Round-Up - December, 2025

SEBI: Mandates 'independent registered valuer’ for infrequently traded shares

SEBI: Issues revamped Informal Guidance Scheme; Widens access, centralises processing

ITAT: ITAT: Revenue cannot substitute own view of business prudence; Allows Instakart’s Rs. 772 Cr logistics loss

• In Favour of Assessee
• Citation Number : TS-1741-ITAT-2025(Bang)

HC: Clarifies clinical-trial services to overseas entities as exports, holds place-of-supply notification retrospective

• In Favour of Petitioner
• Citation Number : TS-1047-HC(KAR)-2025-GST

ITAT: ITAT: Non-issuance of draft assessment order is fatal & incurable jurisdictional defect; Quashes assessment as void-ab-initio

• In Favour of Assessee
• Citation Number : TS-1739-ITAT-2025(CHANDI)

HC: Invention shouldn’t go to waste; Directs Patent Controller to permit prototype demonstration

SEBI: Slaps Rs. 1.85 cr. penalty on 26 entities for price-manipulation, synchronized trading

HC: Economic nature and compoundability, decisive factors in considering bail for GST-offences; Grants anticipatory-bail

• In Favour of Petitioner
• Citation Number : TS-1046-HC(KAR)-2025-GST

SC orders customs duty refund on electricity removed by Adani Power from SEZ to DTA

ITAT: ITAT: Maintenance Support Services inextricably linked to software sale, not ‘FTS’ under India-Singapore DTAA

• In Favour of Assessee
• Citation Number : TS-1738-ITAT-2025(DEL)

SC: Restores arbitral-award against BALCO; Reverses HC-ruling citing narrow contours of judicial review

GSTN issues advisory on filing opt-in declaration for Specified Premises, 2025

Statutory Sentinels and Treaty Tempests: Reflections on American Express Judgment

Govt. withdraws restriction on import of ‘Low Ash Metallurgical Coke’

Govt. notifies ITAT Amendment Rules, appeals to be filed with digital signature

HC: Stock-in-trade recorded in books of accounts and explained with coetaneous evidences not liable to be seized

• In Favour of Assessee
• Citation Number : TS-1737-HC-2025(BOM)

HC: Manual ITR for AY 2007-08 non-est; Denies Sec. 80-IC deduction for non-compliance with Sec. 80AC

• In Favour of Revenue
• Citation Number : TS-1722-HC-2025(MAD)

HC: Depreciation on block assets can’t be denied due to non-use of certain units during relevant AY

• In Favour of Assessee
• Citation Number : TS-1726-HC-2025(MAD)