ITAT: Re-characterization of nature of transaction of ‘sale of shares’ as ‘sale of assets’, not valid

• In Favour of Assessee
• Citation Number : TS-729-ITAT-2025(DEL)

ITAT: Affirms deletion of addition made by AO basis presumption, not conclusive evidence

• In Favour of Assessee
• Citation Number : TS-728-ITAT-2025(Ahd)

ITAT: Remands to AO for examining additional docs, grants permission to furnish documents for contesting addition

• In Favour of Assessee
• Citation Number : TS-710-ITAT-2025(Bang)

ITAT: Deletes ad hoc addition u/s 68 on demonetisation cash deposits sans factual inquiry

• In Favour of Assessee
• Citation Number : TS-707-ITAT-2025(Mum)

Bombay HC to examine category of demand, penalty for wrong ITC claim

HC: Directs Revenue to supply registration cancellation-order of traders passing on fraudulent ITC to Assessee

• In Favour of Petitioner
• Citation Number : TS-510-HC(DEL)-2025-GST

HC: Cannot freeze President’s personal bank account for Club’s liability

• In Favour of Petitioner
• Citation Number : TS-508-HC(MAD)-2025-GST

HC: Allows taxpayer’s request for re-inspection of premises, directs to timely adjudicate registration-suspension

• In Favour of Petitioner
• Citation Number : TS-506-HC(DEL)-2025-GST

HC: Quashes confiscation and penalty proceedings-initiated u/s-130 due to excess stock; Directs refund, if any

• In Favour of Petitioner
• Citation Number : TS-502-HC(ALL)-2025-GST

HC: Quashes order denying ITC basis Bharti-Airtel’s failure to remit tax as supplier

• In Favour of Petitioner
• Citation Number : TS-501-HC(ALL)-2025-GST

HC: Echoing concerns about Revenue failing to follow its orders, directs implementation of its refund order

• In Favour of Petitioner
• Citation Number : TS-495-HC(DEL)-2025-GST

Govt. proposes amending Copyright Rules to include mandatory online licence fee payment system

MCA: Mandates PDF of signed financials for XBRL filings

SEBI: Extends timeline for additional liquidation period for VCFs migrating to AIF

SEBI: Introduces framework for ESG debt securities, other than green debt securities

SEBI: Grants limited relaxation to issuers of listed NCDs from certain LODR compliance

IFSCA: Modifies AML, counter-terrorist financing and KYC guidelines

HC: Quashes notice u/s74 by ‘same officer’ who left notice u/s 73 undecided

• In Favour of Petitioner
• Citation Number : TS-494-HC(ALL)-2025-GST

ITAT: Directs CIT(A) to comply with Rule 46A(3), holds no exercise of co-terminus power u/s 250(4)

• In Favour of Revenue
• Citation Number : TS-737-ITAT-2025(DEL)

AAR: ‘Shot blasting’ activity carried on customer’s castings taxable at 12% as job-work

• In Favour of Not Applicable
• Citation Number : TS-509-AAR(MAH)-2025-GST