JURISHOUR | TAX LAW DAILY BULLETIN : 10 JULY, 2026

Here’s the Tax Law Daily Bulletin for July 10, 2026.GSTSUPREME COURT ASKS GSTAT PRESIDENT TO PRIORITISE HEARING AS TRIBUNAL YET TO BECOME FULLY OPERATIONALDELHI...

CBDT Authorises Upload of Foreign Financial Information into AIS Under New Form 168 Framework

In a significant move to strengthen tax transparency and improve monitoring of offshore financial assets, the Central Board of Direct Taxes (CBDT) has issued an order authorising the integration of information received under the Automatic Exchange of Information (AEOI) framework into taxpayers' Annual Information...

Voluminous Records Not a Ground for Delayed Filing of Evidence in Commercial Suits: Supreme Court

The Supreme Court has reaffirmed the strict procedural framework governing commercial disputes by refusing...

Persistent Loan Defaulters Can’t Challenge Recovery After Repeated Defaults: Supreme Court

The Supreme Court of India has ruled that a financial corporation cannot be prevented...

JURISHOUR | TAX LAW DAILY BULLETIN : 10 JULY, 2026

Here’s the Tax Law Daily Bulletin for July 10, 2026.GSTSUPREME COURT ASKS GSTAT PRESIDENT...

ITR Filing for Senior Citizens AY 2026-27

From revised tax slabs under the new regime to exemption from return filing for...

Loose Digital Files, 3rd Party Excel Sheets Can’t Sustain Unexplained Investment Addition Without Corroborative Evidence: ITAT

The Jodhpur Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...

GST Refund Can’t Be Rejected Without Considering Reply to SCN: Punjab & Haryana High Court

The Punjab and Haryana High Court has quashed an order rejecting a taxpayer's GST...

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...

Rupee Likely to Stay Weak Against U.S. Dollar Despite RBI Measures Expected to Attract $50 Billion in Inflows

Despite a series of measures announced by the Reserve Bank of India (RBI) to...

Gold & Silver Prices Fluctuate; Check Latest Rates Before Buying

Individuals planning to purchase gold or silver may want to take note of the...

CSIR Promotion Dispute: Supreme Court Rejects Judicial Formula for Averaging Performance Scores

The Supreme Court has held that courts cannot substitute the assessment methodology adopted by...

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)...

GST Refund Can’t Be Rejected Without Considering Reply to SCN: Punjab & Haryana High Court

The Punjab and Haryana High Court has quashed an order rejecting a taxpayer's GST...

Writ on Multiple AY Not Maintainable: Rajasthan High Court Allows Restoration of Time-Barred GST Appeals Despite Limitation

The Rajasthan High Court has held that a single writ petition challenging GST assessments...

Delhi High Court Refuses to Quash ₹5.51 Crore GST Demand, Directs Taxpayer to File Statutory Appeal

The Delhi High Court has dismissed a writ petition filed by a Delhi-based agro-chemical...

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

CBI-DRI Joint Operation Busts Interstate Wildlife Trafficking Syndicate; 53 Protected Animals Rescued, Six Arrested

The Central Bureau of Investigation (CBI) and the Directorate of Revenue Intelligence (DRI), Mumbai, have dismantled an interstate wildlife trafficking racket, rescuing 53 protected animals and birds and arresting six accused across Maharashtra and West Bengal.According to an official press release issued by the...

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,...

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Preserved Areca Nuts Not Eligible for Lower Tariff: CAAR

The Customs Authority for Advance Rulings (CAAR), New Delhi, has rejected an application seeking...

Writ on Multiple AY Not Maintainable: Rajasthan High Court Allows Restoration of Time-Barred GST Appeals Despite Limitation

The Rajasthan High Court has held that a single writ petition challenging GST assessments...

Delhi High Court Refuses to Quash ₹5.51 Crore GST Demand, Directs Taxpayer to File Statutory Appeal

The Delhi High Court has dismissed a writ petition filed by a Delhi-based agro-chemical...

Bank SMS Alert Charges Must Be Based on Usage: RBI

Amid growing public debate over charges levied by banks for SMS transaction alerts, an...

5.36 Kg Hydroponic Marijuana Seized at Ahmedabad Airport; Passenger from Bangkok Arrested Under NDPS Act

In a significant crackdown on international narcotics trafficking, officers of Ahmedabad Customs have seized...

CBDT Authorises Upload of Foreign Financial Information into AIS Under New Form 168 Framework

In a significant move to strengthen tax transparency and improve monitoring of offshore financial...

Advocates Won’t Be Able To Charge More Than Rs. 50,000 Per Case If..

Recent discussions on social media and legal forums have sparked claims that advocates in...

Supreme Court Asks GSTAT President to Prioritise Hearing as Tribunal Yet to Become Fully Operational

The Supreme Court has directed the President of the Goods and Services Tax Appellate...

Why Did ICAI Put Its Big 4 Disclosure Rules on Hold?

The Institute of Chartered Accountants of India (ICAI) has put on hold its much-anticipated...

CGST Kolhapur Cracks ₹10.57 Crore Fake ITC Racket; Mastermind Behind Six Shell Firms Arrested

In a significant crackdown on GST fraud, the Anti-Evasion Wing of the Central Goods...

Can GST Authorities Issue One Show Cause Notice for Multiple FY? Supreme Court to Decide

The Supreme Court on Thursday issued notice on a Special Leave Petition (SLP) challenging...

GST Refund Interest Must Be Calculated from Original Refund Application, Not Fresh Filing After Court Order: Gujarat High Court

The Gujarat High Court has held that GST refund interest must be calculated from...