LiveLawBiz: Business Law Daily Round-Up: December 16, 2025

TAX Centre Projects ₹47,700 Crore Revenue Loss Amid GST Rate-RationalisationCustoms Act | Penalty U/S 112 Cannot be Imposed Solely On Co-Accused's Statement Without Corroborative Evidence: CESTAT KolkataDelhi High Court Directs To Re-Assess Bills Of Entry, Allows Infra Cess Exemption On E-Golf Carts Owing To Technical GlitchDelhi High Court Upholds GST Adjudication Despite SCN Being Signed By One Officer & Reflected On Portal Under Another Officer's NameIncome Tax | ITAT Mumbai Allows Section 80P Deduction On Interest Earned From Co-operative BanksIncome Tax Act | Upkeep & Maintenance Expenses For Rubber Replantation Are Revenue Expenditure, Deductible U/S 37: Kerala High CourtBona Fide Errors In GSTR-3B Can Be Corrected; Karnataka High Court Directs Department To Accept Revised ReturnsSending Imported Goods To Job Worker For Manufacture Does Not Defeat Exemption Benefit: CESTAT Chennai Grants Relief To GodrejCustoms | Refund Cannot Be Rejected Merely For Not Filing Chartered Accountant Certificate In Prescribed Format: CESTATManpower-Based Municipal Services For Ganges Ghat Special Cleanliness Drive Exempt From GST: West Bengal AARHomeopathic Medicines Having Single, Two Or More Constituents Attract 5% GST Post Rate-Revision: West Bengal AARCGST Act | Once Returns Are Filed Within Time Period U/S 16(5), Limitation U/S 16(4) Loses Significance: Kerala High Court Allows ITC ClaimCryptic Show Cause Notice Without Factual Details Invalidates GST Registration Cancellation: Gauhati High CourtClause 8 Of Assam GST Reimbursement Scheme Prima Facie Ultra Vires: Gauhati High Court Stays SCN Against Patanjali FoodsCustoms | Alleged Export Through Non-Specified Routes Must Be Proved; Presumption Insufficient To Uphold Seizure: CESTAT KolkataIncome Tax Act | Sikkim High Court Allows S.80P(2)(d) Deduction On Interest Earned From Co-operative Banks By Non-Bank Co-operative SocietyIPRBombay High Court Orders Removal Of 'VISTARRAAH' Trademark Over Similarity To Air India's Vistara AirlineDelhi High Court Temporarily Bars Sale Of FOXTEEL Hair Products Over Similarity With Bare Anatomy Trade DressCentre Proposes Mandatory Blanket Licence for AI Training on Copyrighted Works, Royalties for Creators Bombay High Court Temporarily Restrains Kataria Insurance Brokers From Using 'KATARIA' TrademarkDelhi High Court Imposes ₹20 Lakh Costs On Instant Bollywood Founder In Trademark DisputeArbitrationExtra Profit Received By Broker Due To Technical Glitch Not Unjust Enrichment: Bombay High Court Upholds Award In Favour Of Kotak SecuritiesIBCCivil Court Cannot Grant Injunctions In NCLT Matters, High Court Can Set Them Aside: Kerala High CourtPersonal Guarantor Who Participated In NCLT Proceedings Can Appeal Insolvency Admission: NCLATHomebuyers Can Invoke IBC Against Developer Despite Pending RERA Case Over Project Delay: NCLT KochiNCLT Mumbai Clears Capital Reduction of Company Behind Tax SutraNCLT Mumbai Approves Ashdan Properties' Rs 900 Crore Plan To Revive Rolta IndiaIBC | All Property, Including Alleged Benami Assets, Shielded From Action Over Pre-Resolution Offences: Madras High CourtNot Your Panel, Not Your Pick: NCLAT Draws A Clear Line On Liquidator AppointmentsOppression Claims Against Majority Shareholders Not Ground To Wind Up Company: NCLT MumbaiBreach of Settlement Terms No Ground To Recall Order Disposing Of Insolvency Proceedings: NCLATRERAUP REAT Orders Probe Into Planning Norm Violations By Greater Noida Authority In Godrej Golf Links ProjectCONSUMERConsumer Forum Holds Indian Oil–Adani Gas Guilty of Unfair Trade Practice Over Retrospective BillingDistrict Commission Cannot Accept Written Version Beyond Statutory Period Of 45 Days: Tamil Nadu State CommissionOTHER STORIESOnce Loss Is Caused By Fire, Cause Of Fire Becomes Immaterial, Supreme Court Allows Insurance ClaimNo Move Yet On Another ₹140-Crore Rights Issue: Aakash Tells NCLAT Amid Dispute With Byju'sNCLT Mumbai Sanctions Vedanta Demerger PlanAccused Cannot Demand Company and Bank Records During Investigation To Answer Queries: Delhi High Court

LiveLawBiz: Business Law Daily Round-Up: December 16, 2025

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