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)

NCLT: Holding directors liable for fraudulent trading, directs Rs. 16 cr. contribution to Corporate-Debtor's assets

HC: Orders passed on due-date for filing reply without affording personal hearing, a mere ‘eyewash’

• In Favour of Petitioner
• Citation Number : TS-288-HC(UTT)-2026-GST

ITAT: Finds rural background & lack of guidance as reasonable cause, deletes Sec. 271B penalty

• In Favour of Assessee
• Citation Number : TS-595-ITAT-2026(Ahd)

FM launches SEBI’s ‘Mission Jagrook’ investor initiative; Urges stronger cyber resilience

ITAT: Allows Sec. 87A rebate on STCG u/s 111A where income below Rs. 7 Lac threshold

• In Favour of Assessee
• Citation Number : TS-589-ITAT-2026(Rjt)

ITAT: Condones Sec. 12A registration delay due to procedural lapses & interpretational confusion; Remits back for denovo adjudication

• In Favour of Assessee
• Citation Number : TS-594-ITAT-2026(Ahd)

HC: Sales tax subsidy received under State Government Scheme, non-taxable capital receipt, excluded from book profit u/s 115JB

• In Favour of Assessee
• Citation Number : TS-578-HC-2026(CAL)

HC: Upholds PCIT order u/s 119(2)(b) rejecting 6 years condonation of over delay in filing ITR to claim refund; CBDT circular mandatory

• In Favour of Revenue
• Citation Number : TS-584-HC-2026(KER)

HC: Condones 430 days bonafide delay in filing Form No. 10 sans statutory time limit; Adopts liberal & justice oriented approach

• In Favour of Assessee
• Citation Number : TS-585-HC-2026(BOM)

HC: Quashes excess depreciation disallowance on genuine cinematographic film sale-leaseback transactions; Suspicion alone insufficient

• In Favour of Assessee
• Citation Number : TS-587-HC-2026(MAD)

HC: Sets aside assessment order & consequential demand; Grants Assessee another opportunity of filing reply

• In Favour of Assessee
• Citation Number : TS-582-HC-2026(DEL)

HC: Copy of Bombay HC holding revised Rule-89(5) applies retrospectively to pre-July 2022 IDS-refund claims

• In Favour of Petitioner
• Citation Number : TS-287-HC(BOM)-2026-GST

Legislative fix in motion to address composite SCN issue, submits ASG before Gujarat HC

RBI: Cancels licence of Paytm Payments Bank Ltd.

SC: Distinction between ‘winning’ and ‘losing’ party can’t govern access to Sec. 9 remedy

Government revises AIR of duty drawback for Gold and silver jewellery/articles