Freight, Packing and Other Ancillary Charges under GST for the Textile Industry

SC: Prohibition u/s 6(2)(b) inapplicable to parallel search and seizure proceedings

HC: Summon issued post search distinct from proceedings under sections 73 or 74

• In Favour of Respondent
• Citation Number : TS-708-HC(DEL)-2025-GST

Tax Perspective on Employee Secondment

Writ petition challenges exclusion of same sex couples from definition of ‘relative’

HC: Upholds reassessment given sanction in consonance with Sec. 151(i) due to exclusion of COVID period

• In Favour of Assessee
• Citation Number : TS-1061-HC-2025(PAT)

GST: Challenges in the Pursuit of Fair Redressal

SEBI: Penalises Motilal Oswal Financial Services for violating Stock Brokers Regulations

ITAT: Mere dealing in manipulated scrip does not justify adverse inference; Deletes penny stock transaction addition

• In Favour of Assessee
• Citation Number : TS-1060-ITAT-2025(Ahd)

Missiles Elsewhere, Reforms in India – The IBC Revolution

SC: Sets-aside provisional-attachment against Assessee involved in ITC scam at multiple places; Allows investigation to continue

HC: Refuses to condone delay of 7 years in filing appeal before CIT(A) sans cogent explanation

• In Favour of Revenue
• Citation Number : TS-1059-HC-2025(KAR)

NCLT: Corporate Debtor's ‘Undertaking to Pay’ constitutes 'guarantee'; Upholds Asset Care and Reconstruction's status as financial-creditor

ITAT: Rejecting rectification of apparent factual & arithmetic mistake, resulting in income overstatement, unjustified

• In Favour of Assessee
• Citation Number : TS-1056-ITAT-2025(Ahd)

ITAT: Third Member quashes reopening basis audit objection, breaks Division Bench logjam

• In Favour of Assessee
• Citation Number : TS-1057-ITAT-2025(DEL)

Subtle but important change vis-a-vis carry forward of losses in case of shareholding change

RBI releases report of Committee on FREE-AI in Financial Sector

IBC Round-Up – July, 2025

HC: Condones 924 days’ delay in filing ROI, considering genuine hardship caused to Assessee

• In Favour of Assessee
• Citation Number : TS-1055-HC-2025(KAR)

HC: Allows challenge against Arbitral Tribunal's order holding lease dispute not arbitrable, cites Vidya Drolia