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)

HC: Restrains use of mark “ABSUN” infringing Sun Pharma’s TMs; Awards Rs. 10 lakh costs

Substance Over Form: How the Supreme Court Is Redefining India’s Direct Tax Jurisprudence

ITAT: Terms benchmarking interest on CCDs against SBI-PLR or LIBOR with markup as unwarranted

• In Favour of Both, Partially
• Citation Number : TS-330-ITAT-2026(Bang)-TP

ITAT: Deletes SDT-adjustment; Transaction not within Sec.92BA ambit as assessee/related party claimed no deduction

• In Favour of Assessee
• Citation Number : TS-329-ITAT-2026(Mum)-TP

CBIC issues instruction on drawback for re-export of duty-paid goods from SEZ to DTA

AP HC to examine if taxing all-India-turnover vs State, constitutes error apparent; Grants interim-stay

Bombay HC doubts correctness of Colorcon judgment, refers DDT vs DTAA controversy to larger bench

ITAT: Trade receipts taxed in previous AY cannot be treated as unexplained credits; Deletes Sec. 68 addition

• In Favour of Assessee
• Citation Number : TS-597-ITAT-2026(DEL)

CCI: Closes anti-competitive conduct complaint in NABARD-Infosys CBS procurement deal absent dominance abuse

HC: Quashes Commercial Court’s order for overlooking party autonomy under Arbitration Act

HC: No statutory bar on subsequent refund claims for same period arising from inadvertent omissions

• In Favour of Petitioner
• Citation Number : TS-289-HC(BOM)-2026-GST

Section 149(5) vis-à-vis Section 80P(4) – Light at the End of the Tunnel?

Rajasthan-HC stays Rs.150 cr SCN denying 70:30 benefit on parts of solar power generating system

HC: Validates Sec. 153C proceedings, clarifies identity of "searched person" linked to satisfaction note

• In Favour of Revenue
• Citation Number : TS-596-HC-2026(KAR)