ITAT: ITAT: Deletes penalty u/s 270A levied solely on third-party ledger entries sans corroborative evidence

• In Favour of Assessee
• Citation Number : TS-705-ITAT-2026(CHNY)

HC: Quashes Sec. 270AA immunity rejection order sans established misrepresentation or suppression of facts

• In Favour of Assessee
• Citation Number : TS-699-HC-2026(DEL)

ITAT: Sec. 271(1)(c)/270A unsustainable merely on depreciation disallowance sans concealment or misreporting of income

• In Favour of Assessee
• Citation Number : TS-707-ITAT-2026(Mum)

HC: Sets aside Sec. 154 order as barred by limitation, for absence of DIN & violation u/s 154(3)

• In Favour of Assessee
• Citation Number : TS-706-HC-2026(CAL)

HC: Procedural lapse in filing audit report in Form 10BB instead of Form 10B, cannot defeat entitlement of exemption u/s 12A

• In Favour of Assessee
• Citation Number : TS-673-HC-2026(CAL)

CBIC revises gold tariff value to $1508 per 10 grams, silver to $2810 per Kg

Government revises windfall tax on petrol, diesel and ATF exports effective from May 16

GSTAT extends guidelines till December 31, 2026 for ease of filing appeals

SC: Dismisses SLP against re-assessment despite assessee's fervent plea on warranty provision treatment

• In Favour of Assessee
• Citation Number : TS-702-SC-2026

SC: Explains wide import of expressions "deposit" and "financial establishment" under MPID Act

SC: Quashes 35-year delayed trial of constable; Says speedy trial cannot remain merely illusory

SC: Signed Order alone embodies Court’s final opinion; Open Court dictation not binding or conclusive

SC: Freedom of speech includes right to education in one’s mother-tongue; Directs Rajasthan to recognise Rajasthani

SC: “Marriage doesn’t eclipse woman’s individuality”; Quashes cruelty, desertion findings against wife living separately for career

SC: “Bar and Bench must move in tandem”; Keeps Senior Adv.’s contempt conviction in abeyance

SC: Specific Performance decrees don’t automatically rescind for delayed deposit of sale consideration

SC: Restores dismissal of Jharkhand Constable for dual fraudulent police appointments; Orders criminal probe

SC: Indian Railways “consumer” within Electricity Act; Liable to pay cross-subsidy and additional surcharges

ITAT: Excludes comparables basis high revenue, intangibles, different FY, etc under software support & ITeS segments

• In Favour of Assessee
• Citation Number : TS-379-ITAT-2026(DEL)-TP

ITAT: Excludes comparable citing financial irregularity qua EDS segment, deletes adjustment qua support services

• In Favour of Assessee
• Citation Number : TS-378-ITAT-2026(CHNY)-TP