HC: Technical default without significant impact shouldn't attract "colossal" penalty under Companies Act

ITAT: ITAT: Deletes Sec. 56(2)(x) addition as Assessee not in possession of immovable property in relevant AY

• In Favour of Assessee
• Citation Number : TS-698-ITAT-2026(Mum)

Maharashtra slashes VAT on Aviation Turbine Fuel to 7% till November 14

ITAT: Disapproves TPO’s ‘mechanical’ rejection of comparables, deletes adjustments qua interest on receivables, royalty, IGS

• In Favour of Both, Partially
• Citation Number : TS-380-ITAT-2026(Bang)-TP

HC: Tax paid under protest anterior to demand-order adjustable against mandatory pre-deposit for appeal filing

• In Favour of Applicant
• Citation Number : TS-357-HC(BOM)-2026-GST

HC: Blocking ITC without recording reasons or passing order violates Rule 86A, Illegal

• In Favour of Petitioner
• Citation Number : TS-356-HC(P&H)-2026-GST

Australia : Budget 2026-2027 In Depth: Australia Introduces Tax Reforms Supporting Business Innovation and Growth in Budget 2026-2027

ITAT: Gujarat Maritime Board entitled to exemption u/s 11/12 as services rendered within scope of charitable purpose

• In Favour of Assessee
• Citation Number : TS-696-ITAT-2026(Ahd)

NCLAT: Foreign oil and gas assets can’t be included in Videocon Industries’ CIRP

ITAT: Holds Sec. 148 notice barred by limitation u/s 149(1) following Rajeev Bansal; Quashes reassessment

• In Favour of Assessee
• Citation Number : TS-697-ITAT-2026(CHNY)

HC: Denies interim injunction in “WATERBOX” passing off dispute; Restricts sales to parties’ respective territories

Bombay HC grants interim relief on taxability of university activities in light of ‘supply’ definition

ITAT: ITAT: Agricultural land, “immoveable property” falls within the ambit of Sec. 56(2)(x); Confirms addition

• In Favour of Revenue
• Citation Number : TS-695-ITAT-2026(SUR)

HC: Admits Revenue’s appeal challenging adjudication based on APA

Substance Over Form and Re-emergence of Retrospectivity under Benami Law: SC Ruling in Manjula vs. D.A. Srinivas

Government reconstitutes Chandigarh Authority for Advance Ruling

SC affirms HC-judgment that UP cannot impose VAT on Reliance’s inter-State natural gas sales

GSTAT constitutes nationwide-Benches; Prescribes listing mechanism, mandates Division-Bench scrutiny before Single-Bench listing

ITAT: Source of investment proven through investor's direct confirmation & documentary evidence; Deletes Sec. 68 addition

• In Favour of Assessee
• Citation Number : TS-693-ITAT-2026(DEL)

HC: Grants relief to customer in unauthorized credit card transactions dispute