ITAT: Interest paid directly to lenders not taxable in loan facilitator’s hands; Disallows TDS credit

• In Favour of Assessee
• Citation Number : TS-671-ITAT-2026(Bang)

ITAT: CIT(A) not obliged to seek remand report while exercising powers u/s 250(4); Upholds interest exemption

• In Favour of Assessee
• Citation Number : TS-670-ITAT-2026(DEL)

AAR: Distribution of Coursera’s digital content to Odisha-Skill-Development-Authority not classifiable as ‘education service’; Denies exemption

• In Favour of Applicant
• Citation Number : TS-340-AAR(OD)-2026-GST

HC: Statutory definition of Jt. Commissioner includes Addl. Commissioner for penalty approval; Rejects narrow interpretation

• In Favour of Revenue
• Citation Number : TS-669-HC-2026(KER)

SC upholds re-assessment in case involving share of profits from AOP

Court Draws the Line on Protectionism: Trump’s 10% Tariff Struck Down

AT PMLA: Upholds Rs. 83 lakh penalty on Tata Capital Forex, reduces Regional Manager's penalty

Beyond the Contract: Legal vs Economic Employer in Cross Border Employment Structures

Government rationalises royalty rates for crude oil, gas and condensate to boost upstream sector

DGFT notifies authorised agencies for issuance of COO under India-UK CETA

DGTR recommends continuation of ADD on Phthalic Anhydride from China, Korea & Thailand

AAAR: Flipkart's last-mile road delivery services to customers' address, classifiable as courier services, not GTA

• In Favour of Appellant
• Citation Number : TS-339-AAAR(WB)-2026-GST

IBC Round-Up - April, 2026

ITAT transfers 14 Members

ITAT: ITAT: Invoices & banking documents insufficient to establish genuineness for accommodation entries

• In Favour of Both, Partially
• Citation Number : TS-668-ITAT-2026(Ahd)

USCIT rules against Trump’s 10% import surcharge imposed under Trade Act; Holds Proclamation-11012 ‘unauthorized’

SEBI: Floats Consultation Paper on GARUDA mechanism for processing of placement memorandum of AIFs

Composite SCN matter under SC scanner; Issues notice against Andhra Pradesh & Bombay HC judgments

SC: Sets aside HC judgment declining collaborator's plea for arbitration; Appoints arbitrator

SC: “IBC can't be used as tool for coercion, debt recovery”; Rejects appeal against NCLAT-order