Direct Tax
Interest on Unspent Govt. Grants Can’t Deny S. 10(23C)(iiiab) Exemption to Government-Funded Educational Institution: ITAT
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench, has held that interest earned on unspent government grants parked in fixed deposits cannot be treated...
Notification
CBDT Condones Delay in Filing Form 10AB for S. 80G Approval Renewal
The Central Board of Direct Taxes (CBDT) has issued Circular No. 06/2026, condoning the delay in filing Form No. 10AB electronically for renewal of approval under clause (ii) of the first proviso to Section 80G(5) of the Income-tax Act, 1961.The applications filed between October...
Other Laws
Non-Supply of Chargesheet Copies Doesn’t Confer Right to Default Bail Under BNSS: Supreme Court
The Supreme Court has held that an accused is not entitled to statutory/default bail...
Other Laws
Wrong Legal Provision at Cognizance Stage is a Curable Defect: Supreme Court Remands False Election Affidavit Case
The Supreme Court has held that a Magistrate's error in taking cognizance under an...
Direct Tax
Interest on Unspent Govt. Grants Can’t Deny S. 10(23C)(iiiab) Exemption to Government-Funded Educational Institution: ITAT
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench, has held that interest earned on...
Direct Tax
Dept. Can’t Reopen Case on Same Material Already Examined: ITAT Quashes Second Reassessment
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a second...
Indirect Taxes
Mumbai Customs Seizes Contraband Worth Over ₹37 Crore in One Week; 11 Arrested, Gold and Narcotics Among Major Recoveries
Officers of the Airport Commissionerate, Mumbai Customs Zone–III, conducted a series of successful anti-smuggling...
Notification
CBDT Condones Delay in Filing Form 10AB for S. 80G Approval Renewal
The Central Board of Direct Taxes (CBDT) has issued Circular No. 06/2026, condoning the...
Live Updates
GSTAT Outreach Programme Draws Strong Response in Jaipur; Tax Professionals Seek Extension of Appeal Filing Deadline
The Jaipur Tax Bar Association (JTBA), in collaboration with the Goods and Services Tax Appellate Tribunal (GSTAT), Jaipur Bench, successfully organized a GSTAT Outreach...
Money Hacks
Jio IPO: 10 Unique Features Every Investor Must Know Before Investing
The proposed IPO of Jio Platforms is shaping up to be one of the...
Money Hacks
Jewellery Stocks Rally as Govt. Cuts Gold, Silver Import Prices
Shares of jewellery companies witnessed a strong rally after the Centre reduced the base...
Direct Tax
Charitable Trust’s S. 11 Exemption Can’t Be Fully Denied Over Alleged Related-Party Transactions: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that an...
CCI | GST | Direct Tax
CCI
CCI’s Power To Examine Substance Of Amazon–Future Deal, But Quashes Directions And Penalties: Supreme Court
The Supreme Court in the long-running dispute arising out of Amazon’s investment in Future...
CCI
ICAI Removes CA from Register for 1 Year Following Delhi HC Order
The Institute of Chartered Accountants of India (ICAI) has formally removed a Chartered Accountant...
CCI
Markets Trade Flat Ahead of Union Budget 2026-27
Equity benchmark indices traded in a narrow range on Sunday morning as investors remained...
CCI
Bomb Threat In Tis Hazari and Saket Court In Delhi
Multiple district court complexes in Delhi were placed on high alert Tuesday morning following...
CCI
CCI Approves Acquisition Of Jaiprakash Associates By Vedanta
The Proposed Combination envisages acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited (Acquirer)...
GST
Vijayawada DGGI | Separate Proceedings Required for Each Tax Period: AP HC Quashes Composite GST SCN
The Andhra Pradesh High Court while quashing the composite Show Cause Notice (SCN) issued...
GST
Composite Assessment Order for Multiple FY Impermissible U/s 73, 74 of CGST Act: AP HC
The Andhra Pradesh High Court has set aside a composite assessment order passed under...
GST
Whether GST Appeal Limitation Begins from Actual Communication of Order? Supreme Court Issues Notice [READ ORDER]
The Supreme Court has issued notice in a Special Leave Petition (SLP) challenging an...
Direct Tax
Whether ‘Royalty’ Is A ‘Tax’; Supreme Court Directs The Matter To Be Before Appropriate Bench
The Supreme Court has presided over the controversy of whether ‘Royalty’ Is A ‘Tax’...
Direct Tax
Bandwidth Services Provided Outside India Not Taxable As ‘Royalty’: Delhi High Court
The Delhi High Court ruled that the bandwidth services provided outside India are not...
Direct Tax
No Income Tax Payable On Tamil Nadu Advocates welfare Fund: ITAT
The Income Tax Appellate Tribunal Chennai, ruled that no income tax payable on Tamil...
Direct Tax
Imparting Education Through Virtual Mode Or By Adoption Of New Technologies Qualifies Income Tax Exemption: Delhi High Court
The Delhi High Court ruled that imparting education through virtual mode or by adoption...
Direct Tax
Relief To Axis Bank: Discount On ESOPs Is Allowable As Deduction: ITAT
In a major relief to Axis Bank, the Income Tax Appellate Tribunal (ITAT) Ahmedabad...
Direct Tax
ALP On Account Of Corporate Guarantee At 0.50% On Guaranteed Amount Is Proper Commission: ITAT
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench direct the Assessing Officer/learned TPO to...
News Updates
Indirect Taxes
Mumbai Customs Seizes Contraband Worth Over ₹37 Crore in One Week; 11 Arrested, Gold and Narcotics Among Major Recoveries
Officers of the Airport Commissionerate, Mumbai Customs Zone–III, conducted a series of successful anti-smuggling operations between June 24 and June 30, 2026, resulting in the seizure of gold, narcotics, foreign currency, cigarettes, electronics, cosmetics and other dutiable goods collectively valued at over ₹37 crore....
International Taxation
U.S. Court Clarifies “Processing Operation”: Marketability Transformation Test Shows MOOWR ‘Other Operations’ Not Limited to Manufacturers
The Arizona Supreme Court has held that machinery used in an industrial healthcare textile...
International Taxation
Yacht Not Liable to Duty on Return After Foreign Cruising: U.S. Customs Authority
The U.S. Customs and Border Protection (CBP) clarified that a duty-paid yacht taken abroad...
Live Updates
GSTAT Outreach Programme Draws Strong Response in Jaipur; Tax Professionals Seek Extension of Appeal Filing Deadline
The Jaipur Tax Bar Association (JTBA), in collaboration with the Goods and Services Tax...
Live Updates
JurisHour Exclusive Live Coverage Of Budget for FY 2026–27
Finance Minister Nirmala Sitharaman arrived at Kartavya Bhawan at the Finance Ministry on Saturday,...
Latest Articles
Direct Tax
Interest on Unspent Govt. Grants Can’t Deny S. 10(23C)(iiiab) Exemption to Government-Funded Educational Institution: ITAT
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench, has held that interest earned on...
Direct Tax
Dept. Can’t Reopen Case on Same Material Already Examined: ITAT Quashes Second Reassessment
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a second...
Direct Tax
Charitable Trust’s S. 11 Exemption Can’t Be Fully Denied Over Alleged Related-Party Transactions: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that an...
Notification
ICAI Council Warns Against Unreasonably Low Tender Quotes, May Refer Members for Disciplinary Action
The Institute of Chartered Accountants of India (ICAI) has announced that its Council has...
Indirect Taxes
Mumbai Customs Seizes Contraband Worth Over ₹37 Crore in One Week; 11 Arrested, Gold and Narcotics Among Major Recoveries
Officers of the Airport Commissionerate, Mumbai Customs Zone–III, conducted a series of successful anti-smuggling...
Notification
CBDT Condones Delay in Filing Form 10AB for S. 80G Approval Renewal
The Central Board of Direct Taxes (CBDT) has issued Circular No. 06/2026, condoning the...
Columns
New Audit Framework Proposed from April 2027: MCA
The Ministry of Corporate Affairs (MCA) is expected to notify a comprehensive package of...
Company & PMLA
ED Can Share Information With Police Under PMLA for National Security Investigation: Karnataka High Court Refuses to Quash UAPA FIR
The Karnataka High Court has refused to quash an FIR registered against multiple individuals...
Company & PMLA
PMLA Accused Can’t Travel Abroad for Medical Treatment Without Proving Treatment Is Unavailable in India: Chhattisgarh HC
The Chhattisgarh High Court has refused to permit an accused in a high-profile money...
Direct Tax
Illiteracy No Defence Against False Refund Claim: Jharkhand HC Upholds Conviction for Filing False ITR
The Jharkhand High Court has upheld the conviction of a taxpayer under Section 277...
Other Laws
Jharkhand HC Rejects Anticipatory Bail in Alleged 15th Finance Commission Fund Misappropriation Case
The Jharkhand High Court has refused to grant anticipatory bail to a man accused...
GST
Vijayawada DGGI | Separate Proceedings Required for Each Tax Period: AP HC Quashes Composite GST SCN
The Andhra Pradesh High Court while quashing the composite Show Cause Notice (SCN) issued...