ITAT: Rule 11UA FMV prevails over third party transaction price; Upholds subsequently issued valuation report

• In Favour of Assessee
• Citation Number : TS-989-ITAT-2025(CHNY)

ITAT: Deletes penalty levied u/s 271G; Follows precedent

• In Favour of Assessee
• Citation Number : TS-1133-ITAT-2016(HYD)-TP

ITAT: Upholds TPO's segregation but remits ALP-determination qua IGS for substantiating need, benefit etc

• In Favour of Both, Partially
• Citation Number : TS-427-ITAT-2025(Mum)-TP

HC: Adjudicating Authority to suo motu apply Notification extending limitation, before rejecting refund as time-barred

• In Favour of Petitioner
• Citation Number : TS-674-HC(BOM)-2025-GST

HC: Grants temporary injunction against websites infringing L&T Finance’s TM, copyrighted content

SC observes Bhushan Steel insolvency judgment seems “incorrect”; Recalls judgment

ITAT: Deletes penalty as debatable issue, not inaccurate reporting; Rules against automatic levy after MAP resolution

• In Favour of Assessee
• Citation Number : TS-988-ITAT-2025(CHNY)

SC: Debt-acknowledgement need not explicitly name creditor if jural-relationship, subsisting liability evident from document

HC: Service through portal to a cancelled dealer not valid; Exempts Assessee from 25% pre-deposit

• In Favour of Appellant
• Citation Number : TS-673-HC(MAD)-2025-GST

Navigating the Grey Zone: Tax Treatment of Voluntary ESOP Compensation in India

CCI: Invites public comments on Google’s Commitment proposal in Winzo Games case

SEBI: Confirms interim order debarring Gensol Engineering, promoters, over fund diversion

ITAT: HDFC Ergo's aggregators payment doesn't violate Insurance Act; Sans IRDAI action, disallowance impermissible

• In Favour of Assessee
• Citation Number : TS-987-ITAT-2025(Mum)

Before Revenue’s reply, Gaming Industry - States’ online-gaming ban lacks intelligible differentia, violates Pre-dominance Test

HC: Rejects corresponding-date vis-à-vis corresponding-month analogy while reckoning 'three-months'; Upholds Limitation

• In Favour of Petitioner
• Citation Number : TS-672-HC(DEL)-2025-GST

SC: MP Act has exclusive jurisdiction over state’s ‘works contracts’, overrides contractual arbitration clauses

HC: 'Prima facie' Sec. 194C/194LA inapplicable on TDR Certificates issuance by Municipal Corporation

• In Favour of Assessee
• Citation Number : TS-985-HC-2025(BOM)

SEBI: Debars, slaps Rs. 4 cr. penalty on 'Profit Makers' in Zee Business 'Guest Experts' case

HC: Affirms assessment basis survey recovery; Loose sheets corroborated by bank statements are books of account

• In Favour of Assessee
• Citation Number : TS-984-HC-2025(MP)

President Trump announces 25% tariffs on India, expresses disapproval of Russian military purchases