SEBI: Non-Discretionary Portfolio Management Services clients retain right to pledge securities

ITAT: Registered deed not mandatory for Sec. 54 deduction; Remands matter for verification

• In Favour of Revenue
• Citation Number : TS-738-ITAT-2026(HYD)

Bombay HC to examine legality of mandatory ITC distribution under pre-amended Section 20

ITAT: No rule permits substituting land cost with market value for Sec. 80-IB(10) calculation

• In Favour of Assessee
• Citation Number : TS-740-ITAT-2026(CHNY)

NCLT: Allows withdrawal of residential project developer’s CIRP; Restores management to Board of Directors

NCLAT: Sets aside NCLT’s “unfounded” dismissal of Sec. 7 petitions, imposition of Sec. 65 penalties

HC: Admits Revenue’s appeal on 80IA claim, applicability of ‘market value’ vs ALP

Calcutta HC to examine validity of Section-74 proceedings over classification dispute on “Namkeen”; Refuses stay

LLP Mergers: Regulatory Possibility, Tax Impossibility, and the Case for Reform

GSTAT: Rule-128 timeline for Standing Committee's reference to DGAP, directory; Upholds profiteering on Siddha Infradev

• In Favour of Appellant
• Citation Number : TS-379-GSTAT(DEL)-2026-GST

Punjab & Haryana HC to examine the constitutional validity of Sec. 147A & 292BC

SC dismisses Revenue’s SLP against HC ruling setting aside GST-levy on transfer of leasehold rights

HC: Despite retro amendment to Sec. 144C, grants interim relief; Stays assessment order

NCLT: Running account adjustments can't be labelled as 'gifts' u/s 45 without proof of undue-benefit

SC: Bail condition requiring security bond equal to undetermined tax/penalty liability is onerous

• In Favour of Petitioner
• Citation Number : TS-360-SC-2026-GST

ITAT: Deletes Sec. 56(2)(x) addition as stamp-duty valuation difference within retrospective 10% tolerance

• In Favour of Assessee
• Citation Number : TS-736-ITAT-2026(Mum)

ITAT: Remands taxability issue awaiting CBDT decision on Assessee’s Section 10(46) notification application

• In Favour of Both, Partially
• Citation Number : TS-734-ITAT-2026(Mum)

ITAT: Surrender of tenancy rights constitutes capital asset transfer, consideration not taxable as IoS

• In Favour of Assessee
• Citation Number : TS-728-ITAT-2026(Mum)

ROC Adjudication Orders Referencer

ITAT: Sec. 14A disallowance restricted to investment yielding exempt income; Hypothetical basis impermissible

• In Favour of Assessee
• Citation Number : TS-720-ITAT-2026(LKW)