Rajasthan HC's interim-stay over GST Demand on Corporate Guarantees provided by Vedanta

HC: Directs fresh valuation for NIL withholding tax on cross-border share transaction; Remands matter

• In Favour of Assessee
• Citation Number : TS-923-HC-2025(DEL)

IT Department gets tongue lashing from SC on 'casual' approach, delayed SLPs

HC: CA certificate valid for transaction genuineness even if not from supplier

• In Favour of Petitioner
• Citation Number : TS-628-HC(MAD)-2025-GST

HC: Mere rectification petition dismissal sans original order modification does not mandate personal hearing

• In Favour of Appellant
• Citation Number : TS-629-HC(MAD)-2025-GST

NCLT: Limitation commences for entirety of ‘debt’, encompassing principal as well as interest

ITAT: Refuses to condone delay sans sufficient cause, given lack of diligence & malafide intent

• In Favour of Assessee
• Citation Number : TS-920-ITAT-2025(Mum)

SC: Dismisses Revenue’s SLP challenging HC judgment limiting Commissioner’s revisionary powers staying refund sanctioned order

• In Favour of Respondent
• Citation Number : TS-627-SC-2025-GST

SC: Partners directly liable under NI-Act even when firm not arraigned, absent ‘vicarious liability’

HC: Deletes addition towards cessation of liability u/s 41(1) given pending civil suit for recovery

• In Favour of Assessee
• Citation Number : TS-918-HC-2025(MAD)

Grappling with 'transaction value' concept in Online Gaming controversy, SC hears Sr. Adv. Sridharan

HC: ‘Flower bed area’ merely ornamental, not part of ‘built-up area’ for deduction u/s 80IB(10)

• In Favour of Assessee
• Citation Number : TS-919-HC-2025(BOM)

HC: Directs Lava to deposit Rs. 20.08 cr. in Dolby Patent infringement case

SC: Dismisses Revenue’s SLP against P&H HC's interim direction on 'credit ledger' blocking

• In Favour of Petitioner
• Citation Number : TS-626-SC-2025-GST

NCLT: “Reconsideration tantamounts to questioning CoC's commercial wisdom”; Dismisses Muthoot’s resolution-plan recall plea

HC: Cannot block ITC beyond 10% of tax demanded

• In Favour of Petitioner
• Citation Number : TS-937-HC(P&H)-2024-GST

Treaty Triumph: Strengthening the Mauritius Route with Pro-Investor Rulings

NCLT: Sanctions Bajaj Exports, Rohit Polytex's Strategic Investment Divisions' demerger scheme

NCLT: Clears Composite Scheme of Arrangement between Cogent Hospitality & 4 other entities

NCLT: Allows AMP Motors' real estate division's demerger into AMP Infratech