ITAT: Sec. 254(2) MA cannot be used to re-argue jurisdiction; No review/recall absent “apparent error”

• In Favour of Revenue
• Citation Number : TS-576-ITAT-2026(Mum)

HC: Shareholders are not beneficial owners of company assets; Revenue cannot tax without statutory support

• In Favour of Assessee
• Citation Number : TS-605-HC-2026(DEL)

HC: Mark “ASTRO DUNIA” ‘descriptive’, no infringement by Tata Play’s TM “ASTRO DUNIYA”

HC: “Audit system needs strengthening”, not adverse remark attracting penal liability under Cos. Act

Bombay HC reserves judgment in case involving APA and Transfer pricing interplay

Reflections on Indian TP controversies: Specified Domestic Transaction

HC: Dismisses fertility specialist's writ petition challenging PMLA arrest, underscores societal cost of commodifying children

Section 153A or 153C — Name on the Warrant Decides, Not the Premises

HC: Affiliation fees collected by Mumbai University in discharging statutory functions, not a “supply”; Quashes demand

• In Favour of Petitioner
• Citation Number : TS-291-HC(BOM)-2026-GST

HC: Rule-86A not substitute for adjudication proceedings; Blocking ECrL invalid solely on alleging bogus suppliers

• In Favour of Petitioner
• Citation Number : TS-290-HC(KER)-2026-GST

ITAT: Restores issue of exemption u/s 11 for denovo adjudication as per amended proviso to Sec. 2(15)

• In Favour of Both, Partially
• Citation Number : TS-604-ITAT-2026(Mum)

HC: Larger Bench to decide if DDT is tax on company or shareholder; Doubts Colorcon's correctness

• In Favour of Revenue
• Citation Number : TS-601-HC-2026(BOM)

Karnataka HC to examine the constitutional validity of Sec. 292BC; Grants stay in reassessment proceedings

SEBI: Issues draft circular on handling of client’s unpaid securities by trading/clearing members

SEBI: Proposes revised variable net worth rules for stock brokers

SEBI: Issues framework for netting of funds for transactions undertaken by FPIs in cash market

IFSCA: Approves framework for preferential issues and QIPs under Listing Regulations

ITAT: Restores issue of cancellation of Sec. 12AB registration sans mention of specific limb of ‘specified violation’

• In Favour of Both, Partially
• Citation Number : TS-599-ITAT-2026(Mum)

India and New Zealand sign landmark Free Trade Agreement

ITAT: Write off of slow & non-moving inventory under AS-2, valid & legally sustainable; Deletes addition

• In Favour of Assessee
• Citation Number : TS-598-ITAT-2026(DEL)