NCLAT: Sets aside Rs. 301 cr. CCI penalty on Grasim, remands matter citing violation of natural justice

ITAT: Vacates attachment on Assessee’s bank account; Cites procedural lapse by AO in not issuing prior attachment notice

• In Favour of Assessee
• Citation Number : TS-643-ITAT-2026(HYD)

India’s solar, auto and textile associations join USTR Section 301 hearings on overcapacity

SEBI: Issues advisory cautioning REs against risks from AI tools for vulnerability detection; Constitutes task-force

ITAT: CIT(A) lacks jurisdiction to enhance income on issues not dealt by AO; Remedy u/s 263, 147, 154

• In Favour of Assessee
• Citation Number : TS-642-ITAT-2026(Mum)

RBI: Notifies Foreign Exchange Management (Authorised Persons) Regulations, 2026

Karnataka HC stays Rs.230 cr SCN against Vedanta over lack of jurisdictional facts for Sec.74 proceedings

CBDT notifies transfers/postings & assigns additional charge to officers in CCIT/DGIT grade

Cabinet approves Emergency Credit Line Guarantee Scheme 5.0 amid West Asia conflict

SC: Corporate veil should be lifted when associated cos. inextricably connected to form part of one concern

ITAT: Post-search assessment mandatorily required to be undertaken u/ 147; Quashes post-search assessment u/s 143(3)

• In Favour of Assessee
• Citation Number : TS-640-ITAT-2026(JODH)

Validity of Advance Authorisation ad-hoc norms ratified on/after April 1, 2015 extended till March, 2028

ITAT: Remits adjustment qua interest on loan given to German subsidiary for fresh adjudication

• In Favour of Both, Partially
• Citation Number : TS-355-ITAT-2026(DEL)-TP

ITAT: Holds Assessee to be in-default u/s 201(1) for non-deduction of TDS u/s 194J on year-end provisions

• In Favour of Both, Partially
• Citation Number : TS-639-ITAT-2026(Bang)

ITAT: Directs maintaining parity between ESOP cost and income base; Rules on comparable selection

• In Favour of Both, Partially
• Citation Number : TS-354-ITAT-2026(Bang)-TP

SC: Equitable interpretation of "member" prevails over formal entry in register for oppression-mismanagement cases

ITAT: Merely introducing fresh capital not 'extraordinary event', refuses to exclude comparable

• In Favour of Both, Partially
• Citation Number : TS-353-ITAT-2026(Bang)-TP

PMLA Round-Up - April, 2026

SEBI: Releases Consultation Paper on modification in regulatory framework for Online Bond Platform Providers

ITAT: Adopts LIBOR+200 bps for benchmarking interest on trade receivable; Adopts credit period of 60 days

• In Favour of Both, Partially
• Citation Number : TS-350-ITAT-2026(Bang)-TP