HC: Revenue erred in taxing gross receipts of Trust without considering expenditure; Grants full stay of demand

• In Favour of Assessee
• Citation Number : TS-1646-HC-2025(BOM)

GST on royalty, statutory charges for assigning natural resources usage rights under Orissa-HC scanner

Croatia : Parliament Passes Legislation Implementing Pillar Two Rule Amendments for Closer Alignment with OECD GloBE Model Rules

ROC Mumbai : Penalises co. for declaring excess interim dividend due to tax miscalculation

ITAT: Allows LTCG exemption u/s 10(38) on share sale, relies on Assessee's 15-year holding period as proof of genuineness

• In Favour of Assessee
• Citation Number : TS-1645-ITAT-2025(Mum)

Tax Beats #14 - Income-tax Act, 2025 Distilled with Ameya Kunte

HC: No confiscation sans ‘evasion intent’ without Section-129 strict compliance; Remands for examining MOV-10 on merits

• In Favour of Petitioner
• Citation Number : TS-1002-HC(GUJ)-2025-GST

HC: Non-filing of Form 10DA electronically cannot be ground for reassessment; No fresh or tangible material for Sec. 148 notice

• In Favour of Assessee
• Citation Number : TS-1644-HC-2025(DEL)

IBC Round-Up – November, 2025

President assents to Manipur GST (Second Amendment) Act and Central Excise (Amendment) Act

Unit of Measurement for Dicyandiamide and DMF import amended with immediate effect

Delhi HC gives quietus to Patanjali resolution-plan date dispute, quashes pre-approval GST demand

ITAT: Deletes Sec. 69A addition against Anil Ambani towards alleged undisclosed foreign bank account

• In Favour of Assessee
• Citation Number : TS-1642-ITAT-2025(Mum)

ITAT: Remits issue w.r.t interest on receivables, directs AO/TPO to examine eligibility for working capital adjustment

• In Favour of Both, Partially
• Citation Number : TS-732-ITAT-2025(Bang)-TP

NCLT: 'Un-crystalized' contractual rights not “assets”; Upholds valid termination of Energy Purchase Agreement by MSETCL

ITAT: Directs computation of operating margin without excise duty, sales / income-tax; Remits TP-adjustment qua SDTs

• In Favour of Both, Partially
• Citation Number : TS-731-ITAT-2025(DEL)-TP

ITAT: Holds RPM as MAM over TNMM for assessee, a routine distributor; Follows Burberry India ruling

• In Favour of Assessee
• Citation Number : TS-730-ITAT-2025(DEL)-TP

HC: SARFAESI sale incomplete if sale certificate not issued before IBC Sec. 96 moratorium

Netflix Originals: A New Episode in TP Recharacterisation

ITAT: Substitution of Sec. 271AAB with Sec. 271AAC is a rectifiable mistake u/s 154; Penalty section correction valid

• In Favour of Revenue
• Citation Number : TS-1641-ITAT-2025(Ahd)