ITAT: ITAT: Deletes ‘on-money’ addition as no flats sold in relevant AY; Cites AO exceeded specific remand direction

• In Favour of Assessee
• Citation Number : TS-713-ITAT-2026(Mum)

NCLT: Sec. 96 protection confined to personal guanrators, doesn't bar insolvency proceedings against corporate debtor

IBBI: Issues guidelines to prepare common panel of IPs to avert appointment delays

HC: Penalty confirmed far beyond SCN proposal ex facie without jurisdiction, contrary to Section 75(7)

• In Favour of Petitioner
• Citation Number : TS-361-HC(ALL)-2026-GST

ITAT: Reassessment notice issued before NCLT restores struck-off company, bad in law

• In Favour of Assessee
• Citation Number : TS-712-ITAT-2026(DEL)

PM Modi pitches India-EU FTA, invites European firms for large-scale investments

India targets $1 trillion exports this year, $2 trillion in five years

India, Sweden elevate ties to Strategic Partnership; adopt Joint Action Plan 2026-2030

PIB: Releases backgrounder on AI-powered financial inclusion in India

President promulgates Ordinance increasing Supreme Court judge strength from 33 to 37

IBBI: Notifies amendments to Insolvency Professional Agencies Regulations, introduces 'Nominee Director'

MCA: Extends tenure of NCLAT Technical Members till September 8, 2026

ITAT: Mere existence of transactions / higher profitability of eligible unit no basis to invoke Sec.80IA(10)

• In Favour of Assessee
• Citation Number : TS-384-ITAT-2026(Mum)-TP

HC: Grants dynamic+ anti-piracy injunction to protect film ‘Aakhri Sawal’; Directs take down of infringing links

ITAT: Assessee, key person in company, not owner of unaccounted cash; Cannot invoke Sec. 69A provisions

• In Favour of Assessee
• Citation Number : TS-711-ITAT-2026(DEL)

ITAT: Deletes AMP adjustment made absent any agreement/arrangement in case of Renault India

• In Favour of Assessee
• Citation Number : TS-383-ITAT-2026(CHNY)-TP

SEBI: Slaps Rs. 3.1 cr. penalty for price manipulation, synchronised trades via Telegram pump-and-dump scheme

ITAT: Sets-aside CIT(A) order; Cites no tax relief for SEBI debarred manipulator, confirms addition @5% of commission

• In Favour of Revenue
• Citation Number : TS-710-ITAT-2026(Mum)

ITAT: TPO's application of persistent-loss filter based on profit-before-tax inappropriate, includes comparables

• In Favour of Assessee
• Citation Number : TS-382-ITAT-2026(Bang)-TP

SC: Grants bail to GST Superintendent in bribery case; Continued incarceration unwarranted after charge-sheet filed

• In Favour of Appellant
• Citation Number : TS-359-SC-2026-GST