ITAT: ITAT: Deletes penalty for misreporting citing AO’s failure to mention specific limb of fault u/s 270A

• In Favour of Assessee
• Citation Number : TS-685-ITAT-2026(Bang)

NCLT: Rejects Johnson Screens’ Sec. 9 insolvency plea against Shapoorji Pallonji and Company

ITAT: Undisclosed income addition basis WhatsApp chat sans Sec. 65B Evidence Act certification, unsustainable

• In Favour of Assessee
• Citation Number : TS-684-ITAT-2026(Mum)

DGFT enables self-declaration based CoO facility under India-UK CETA

CBIC hikes tariff rate and in-quota AIDC on specified gold imports under India-UAE CEPA

NCLT: Partially allows German Co.'s objections to Wind World’s resolution plan

ITAT: Appeal maintainable as falling within Circular No.5 exception; Accepts restriction of tax profit to 0.2%

• In Favour of Assessee
• Citation Number : TS-683-ITAT-2026(Mum)

ITAT: Sec. 68 addition unsustainable on doubt regarding creditor’s capacity when Assessee proved transaction genuineness

• In Favour of Assessee
• Citation Number : TS-682-ITAT-2026(Mum)

ITAT: Non-issuance of Sec.143(2) notice a 'foundational infirmity', fatal to reassessment

• In Favour of Assessee
• Citation Number : TS-681-ITAT-2026(LKW)

ITAT: Deletes double disallowance u/s.40A(2)(b) r.w.s 37; Restricts corporate guarantee commission to 0.5%

• In Favour of Assessee
• Citation Number : TS-369-ITAT-2026(CHNY)-TP

ITAT: Rules on TP-adjustments qua corporate guarantee, software cost allocation, inter-unit power supply

• In Favour of Assessee
• Citation Number : TS-375-ITAT-2026(DEL)-TP

HC: Dismisses Revenue’s appeals on issues relating to application of BLT method and royalty payment

• In Favour of Assessee
• Citation Number : TS-374-HC-2026(DEL)-TP

ITAT: ITAT: Taxpayers can choose between DTAA or Act for each independent transaction; Allows Alibaba LTCG exemption

• In Favour of Assessee
• Citation Number : TS-680-ITAT-2026(Mum)

HC: Dismisses Bennett’s cross-examination applications; No automatic right exists in TM rectification proceedings

HC: Quashes TM Registrar’s refusal of TM “ENTERO”, holds honest concurrent use must be considered

HC: Interimly restrains use of mark “GHK” deceptively similar to SmithKline’s TM “GSK”

HC: Grants temporary injunction restraining use of marks infringing TM “PUNJAB GRILL”

HC: Temporarily restrains use of mark “GLOBAL CITYWALK”; Protects Select Citywalk TMs

HC: Interimly restrains use of mark deceptively similar to Glenmark’s TM “ASCORIL”

HC: Grants ex parte injunction protecting Crocs’ designs, JIBBITZ patent, TMs, restrains infringing footwear sales