NCLT: Writing-off debt an internal accounting practice, doesn't extinguish legal right to recover debt

Revenue files counter writ in Vedanta GAAR case; HC hearing in Feb. 2026

ITAT: Rules AO cannot use Sec. 147 to circumvent expiry of Sec. 153B deadline; Search assessment time-barred

• In Favour of Assessee
• Citation Number : TS-1666-ITAT-2025(Bang)

ITAT: Adopts original agreement date for FMV as per proviso to Sec. 56(viib)(ii)/50C; Deletes addition

• In Favour of Assessee
• Citation Number : TS-1665-ITAT-2025(Ahd)

NCLT: Sanctions Vedanta Ltd.’s demerger into 5 sector-focussed entities

SC: Calls out "lethargic"/"negligent" Officers, refuses to condone 900 days SLP filing delay

• In Favour of Assessee
• Citation Number : TS-1664-SC-2025

NCLAT: Clarifies data sharing remedies apply to all WhatsApp-Meta data use, including ads; User consent mandatory

NCLT: Admits corporate debtor into liquidation absent Resolution Applicant’s intention to resolve insolvency

HC: AO's original order silent on Sec. 80HHC claim, justifies invocation of Sec. 147 Explanation 2; Upholds reassessment

• In Favour of Revenue
• Citation Number : TS-1663-HC-2025(MAD)

ITAT: Outstanding loan a capital liability; Sec. 41(1) inapplicable absent remission/ write back of liability

• In Favour of Assessee
• Citation Number : TS-1662-ITAT-2025(DEL)

SC: Non-signatory, non-veritable party can't invoke arbitration clause; Allows appeal challenging arbitrator appointment

HC: Composite SCN ‘illegal’ for blurring Section 73/74 distinction, diluting timeline, causing prejudice

• In Favour of Applicant
• Citation Number : TS-1011-HC(KAR)-2025-GST

HC: Minor branding variations don’t negate deceptive similarity; Affirms injunction protecting ITC’s TM “GOLD FLAKE”

Interpreting the Phrase ‘Derived From’: Why Sec. 36(1)(viii) Demands a Direct Nexus

HC: Granting bail to Directors accused in fraudulent ITC-case, reiterates Article 21 safeguards in arrests

• In Favour of Petitioner
• Citation Number : TS-1010-HC(P&H)-2025-GST

ITAT: Quashes reassessment for non-compliance with Sec.147 & Sec. 151, basis documents procured through RTI

• In Favour of Assessee
• Citation Number : TS-1661-ITAT-2025(DEL)

The Fake Guru, Who Stole His Disciples

CBDT notifies Sec.10(46)exemption for ‘New Okhla Industrial Development Authority’

CBDT notifies Sec.10(46A)(b) exemption for ‘Punjab Urban Planning And Development Authority’

ITAT: AO's failure to conduct independent inquiry vitiates Sec. 68 addition; Deletes loan addition

• Citation Number : TS-1660-ITAT-2025(DEL)