ITAT: Reduction in partner's share on reconstitution not a capital asset transfer; Deletes STCG addition

• In Favour of Assessee
• Citation Number : TS-798-ITAT-2025(CHNY)

Conversion Conundrum: How “Machinery Failure” Masks Real Revenue Stakes in LLP Conversions

RBI : Issues Project Finance Directions for banks, NBFCs, to be effective from October 1

ITAT: Expenses incurred for expansion of existing business, revenue in nature allowable u/s 37(1)

• In Favour of Assessee
• Citation Number : TS-795-ITAT-2025(DEL)

ITAT: Confirms capital gains tax on company-to-LLP conversion due to non-compliance with exemption conditions

• In Favour of Assessee
• Citation Number : TS-794-ITAT-2025(Mum)

HC: Denies bail citing conduct of accused using influence, power to flee-away from custody

• In Favour of Respondent
• Citation Number : TS-542-HC(RAJ)-2025-GST

GSTN issues final advisory to file pending GST returns before 3-year time limit bars filing

HC: Quashes portion of arbitral award denying liquidated damages to Hindustan Petroleum

HC: Rejects injunction against Sun Pharma’s mark “PRUEASE” absent likelihood of confusion in distinct goods

ITAT: Allows interest deduction u/s 36(1)(iii) on idle funds, given commercial expediency

• In Favour of Assessee
• Citation Number : TS-793-ITAT-2025(Mum)

HC: States that DIN was subsequently interpolated in DRP-proceedings, imposes 1 lakh costs on Revenue

• In Favour of Assessee
• Citation Number : TS-350-HC-2025(MAD)-TP

CCI: Approves Havells India’s acquisition of stake in Goldi Solar & related entities

CCI: Clears BREP Asia’s acquisition of stake in Kolte-Patil Developers

CCI: Allows Mahindra & Mahindra’s proposed acquisition of SML Isuzu

CCI: Approves Delhivery’s acquisition of at least 99.44% stake in Ecom Express

India’s New Trade Game Plan- Leveraging Free Trade Agreements for Growth

NCLT: 'Doctrine of Election' no bar for financial creditors to initiate CIRP

NCLT: Rejects RP's CIRP plea against personal guarantor over unserved notice

NCLT: Demand notice returned 'unserved' invalidates Sec. 9 proceedings; Rejects operational creditor's plea

NCLAT: Employer-employee dispute can't be determined under Sec. 9 insolvency proceeding