Purchase of Residential Property from Spouse Doesn’t Bar S. 54 Relief: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that an assessee cannot be denied exemption under Section 54 of the...

Disability Pension of Armed Forces Personnel Continues to Remain Fully Exempt from Income Tax Until Government Notification Says Defence Minister Rajnath Singh

In a significant clarification that brings relief to thousands of disabled Armed Forces personnel, Defence Minister Rajnath Singh has confirmed that the entire disability pension received by disabled officers and personnel of the Indian Armed Forces continues to remain exempt from Income Tax until...

Supreme Court Declares Right to Walk and Access Footpaths a Fundamental Right; Enhances Compensation in Child Road Accident Case

The Supreme Court has declared that the right to walk is a fundamental right...

Supreme Court Upholds Municipal Corp. Commissioner’s Power to Dismiss Municipal Officers

The Supreme Court has held that the Commissioner of the Municipal Corporation is the...

Purchase of Residential Property from Spouse Doesn’t Bar S. 54 Relief: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that an...

DIGIT Data Entry Guidelines | CBIC Mandates Timely Reporting of Customs Offence Cases

The Central Board of Indirect Taxes and Customs (CBIC) has issued instructions laying down...

Extended Limitation Period Can’t Be Invoked Without Evidence of Suppression: CESTAT

The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...

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...

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...

Jewellery Stocks Rally as Govt. Cuts Gold, Silver Import Prices

Shares of jewellery companies witnessed a strong rally after the Centre reduced the base...

CESTAT Quashes Excise Duty Demand on Alleged Clandestine Removal of Sowbaghya Wet Grinders

The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...

CCI | GST | Direct Tax

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...

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...

Markets Trade Flat Ahead of Union Budget 2026-27

Equity benchmark indices traded in a narrow range on Sunday morning as investors remained...

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 Approves Acquisition Of Jaiprakash Associates By Vedanta 

The Proposed Combination envisages acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited (Acquirer)...

Mistaken Claim of Eligible IGST Credit Under CGST/SGST Heads Is a Technical Error, Not Wrongful ITC Availment: Kerala HC

The Kerala High Court has reiterated that the mere utilization of eligible Integrated Goods...

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’...

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...

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...

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...

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...

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

CESTAT Quashes Excise Duty Demand on Alleged Clandestine Removal of Sowbaghya Wet Grinders

The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has set aside an appellate order confirming central excise duty demands in a case involving alleged clandestine manufacture and clearance of “Sowbaghya” branded wet grinders without payment of excise duty. The bench...

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...

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...

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

CA Firms Now Eligible Under PM Internship Scheme; Interns to Receive Rs. 9,000 Monthly Stipend

In a significant policy change aimed at expanding professional training opportunities for young graduates,...

MCA Grants Relief in DPT-3 Filing: Additional Fees Waived Till July 31, 2026

The Ministry of Corporate Affairs (MCA) has provided significant relief to companies by allowing...

Mistaken Claim of Eligible IGST Credit Under CGST/SGST Heads Is a Technical Error, Not Wrongful ITC Availment: Kerala HC

The Kerala High Court has reiterated that the mere utilization of eligible Integrated Goods...

Isabgol Seeds Procured Through APMC Exempt from GST; Not Covered Under ‘Goods of Seed Quality’ Entry: AAR

The Gujarat Authority for Advance Ruling (AAR) has held that fresh and unprocessed Psyllium...

Reply Format For Show Cause Notice Issued Only For Interest Demand Under FORM DRC-01

Here’s the reply format for show cause notice issued only for interest demand under...

Broken-Period Interest on Sale of NCDs Taxable as Interest, Not Capital Gains: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that broken-period...

No Denial of S.12AB Registration Without Actual Application of Funds Outside India: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that a...

India Extends Anti-Dumping Duty on Chinese PET Resin for 5 More Years to Protect Domestic Industry

The Central Government has extended the anti-dumping duty on imports of Polyethylene Terephthalate (PET)...

India Imposes Anti-Dumping Duty on Sulphenamides Accelerators Imports from China, EU and US for 5 Years

The Ministry of Finance has imposed anti-dumping duties on imports of Sulphenamides Accelerators originating...

Seized Quantity Of Smuggled Marijuana Was Not Commercial: Telangana High Court Grants Bail to 2 Foreign Nationals

The Telangana High Court has granted bail to Pilassary Meethal Thajul Diyoof and Valappil...

Income Tax Reassessment Time Limit Can’t Be Extended Indefinitely: Chhattisgarh HC

The Chhattisgarh High Court has dismissed an appeal filed by the Income Tax Department...

MODVAT Credit on Fuel Used for Electricity Can’t Be Denied Merely Because Power is Wheeled to Sister Units: Madras HC

The Madras High Court has delivered a significant ruling in favour of manufacturers using...