The Return of the Retrospectivity Ghost in the Benami Law of 2016

ITAT: ITAT: Ambulance services with medical technicians constitute professional services u/s 194J; Rejects works contract plea

• In Favour of Revenue
• Citation Number : TS-666-ITAT-2026(Mum)

SEBI: Floats Consultation Paper on review and rationalization of Buy-Back of Securities Regulations

ITAT: ITAT: Penalty proceedings u/s 270A ‘invalid’ sans recording of satisfaction in assessment order

• In Favour of Assessee
• Citation Number : TS-656-ITAT-2026(CHNY)

ITAT: Deletes Sec. 69 addition for unexplained investment, FMV & stamp duty difference below 10%

• In Favour of Assessee
• Citation Number : TS-661-ITAT-2026(Ahd)

ITAT: Denies Sec. 54 exemption due to investment in ‘plinth’ instead of ‘residential property’ & failure to deposit unutilized gains in capital gains account

• In Favour of Assessee
• Citation Number : TS-664-ITAT-2026(LKW)

HC: Reassessment invalid basis change of opinion on issue accepted during original assessment u/s 143(3)

• In Favour of Assessee
• Citation Number : TS-657-HC-2026(BOM)

HC: Quashes criminal proceedings for lack of jurisdiction & absence of penalty u/s 271(f); Relies on K.C. Builder ruling

• In Favour of Assessee
• Citation Number : TS-658-HC-2026(MAD)

HC: Quashes Sec. 143(2)/142(1) notice issued to Reliance as barred by limitation & issued in name of non-existing company

• In Favour of Assessee
• Citation Number : TS-663-HC-2026(BOM)

Revenue appeals HC judgment striking down Circular prescribing limitation period for refund petition

HC: Quashes GST demand/orders passed against amalgamated non-existent entity; Holds proceedings void ab initio

• In Favour of Petitioner
• Citation Number : TS-337-HC(BOM)-2026-GST

CBIC revises tariff values for gold and silver from May 6

DGFT enlists 14 PSIAs and permits addition of radiation survey instruments

SC: Dismisses Byju Raveendran's appeal against NCLAT judgment on CoC reconstitution

HC: Providing education consultancy/marketing and recruitment support to foreign universities not 'intermediary services'; Directs refund

• In Favour of Petitioner
• Citation Number : TS-336-HC(DEL)-2026-GST

SC: Declares 2016 Benami amendments retrospective for procedural provisions; Orders confiscation of property claimed through will

SC: Writ Courts cannot adjudicate disputed property titles absent proof beyond revenue record entries

SC: Non-deposit of sale consideration within stipulated time automatically leads to specific performance suit dismissal

SC: Lays down principles for summary judgment under Order XIII-A CPC; Allows refund for lapsed land acquisition

SC: Article 226 not remedy for FIR registration without exhausting statutory remedies under BNSS