Direct Tax
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...
Notification
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...
Other Laws
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...
Other Laws
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...
Direct Tax
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...
Notification
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...
Indirect Taxes
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...
GST
ITC Can’t Be Denied Citing Mere Non-Availability Of Lorry Receipts Or E-Way Bills When Supplier Is Registered & Tax Is Paid: Madras HC
The Madras High Court has held that Input Tax Credit (ITC) cannot be denied...
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...
Indirect Taxes
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
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
Ghaziabad DGGI | ₹22.80 Crore Fake FSSAI Licence Scam: Meerut Court Sends Accused to Judicial Custody Under Health Security & National Security Cess Act...
A Special Chief Judicial Magistrate Court in Meerut has remanded two accused - Ravi...
GST
ITC Can’t Be Denied Citing Mere Non-Availability Of Lorry Receipts Or E-Way Bills When Supplier Is Registered & Tax Is Paid: Madras HC
The Madras High Court has held that Input Tax Credit (ITC) cannot be denied...
GST
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...
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
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...
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
Columns
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,...
Notification
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...
GST
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...
GST
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...
Drafts
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...
Direct Tax
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...
Direct Tax
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...
Notification
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)...
Notification
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...
Other Laws
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...
Direct Tax
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...
Indirect Taxes
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...