Case Compilation
JURISHOUR | TAX LAW DAILY BULLETIN : 07 JULY, 2026
Here’s the Tax Law Daily Bulletin for July 07, 2026.GSTWHAT HAPPENS TO GST OFFICERS CAUGHT TAKING BRIBES?TELANGANA HIGH COURT RESTORES GST APPEAL WITHDRAWN DUE...
Notification
ICAI Dismisses Social Media Claims of Student and Examination Data Breach, Calls Them “False”
The Institute of Chartered Accountants of India (ICAI) has strongly refuted allegations circulating on social media regarding an alleged breach of members’ records, students’ records, and examination data, describing the claims as “completely false, baseless and malicious.” The clarification comes after a fabricated notice...
Other Laws
Commercial Tax Dept’s Statutory First Charge Prevails Over Secured Creditor’s SARFAESI Claim: Karnataka High Court
The Karnataka High Court has held that the statutory first charge created in favour...
Other Laws
Mere Attestation of Will Doesn’t Prove Its Validity if Suspicious Circumstances Exist: Supreme Court Restores Widow’s Property Rights
The Supreme Court has reiterated that merely proving the formal execution of a Will...
Case Compilation
JURISHOUR | TAX LAW DAILY BULLETIN : 07 JULY, 2026
Here’s the Tax Law Daily Bulletin for July 07, 2026.GSTWHAT HAPPENS TO GST OFFICERS...
Company & PMLA
Company’s Sole Undertaking Can’t Be Ended Through Oppressive Process: NCLT Quashes EOGM Resolution Terminating JVA
The Mumbai Bench of the National Company Law Tribunal (NCLT) has held that an...
Money Hacks
Senior Citizen Savings Scheme Gets 5 Key Rule Changes From July 1, 2026
The Senior Citizen Savings Scheme (SCSS), one of India's most popular government-backed retirement investment...
Direct Tax
Income Tax Dept. To Condone Delay, Process Return and Refund Claim of 91-Year-Old NRI: Madras High Court
The Madras High Court has set aside an order rejecting the condonation of delay...
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
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...
Money Hacks
Gold & Silver Prices Fluctuate; Check Latest Rates Before Buying
Individuals planning to purchase gold or silver may want to take note of the...
Other Laws
Banks Can’t Blacklist Lawyers for Negligence Through IBA Caution List: Supreme Court
The Supreme Court has ruled that banks and the Indian Banks' Association (IBA) cannot...
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
GST SCN Beyond Limitation Invalid; Parallel CGST Proceedings on Same ITC Issue Barred: Tripura HC
The Tripura High Court has ruled that GST authorities cannot invoke Section 74 of...
GST
Customs Dept. Can’t Reject IGST Refund Solely Because Exporter Claimed Higher Duty Drawback Rate: Madras HC
The Madras High Court has set aside a Customs Department order rejecting an Integrated...
GST
S. 122(1A) Can’t Be Invoked Against Individual Who Couldn’t Have Retained Benefit Of Transaction: Bombay HC Stays Recovery
The Bombay High Court has granted ad-interim relief to an independent director facing penalty...
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
Contracts Executed By Sub-Contractors Were Works Contracts And Not Manpower Supply Services, Service Tax Demand Under RCM Unsustainable: CESTAT
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has set aside a service tax demand of Rs. 4.49 lakh raised against a construction company after holding that the contracts executed by its sub-contractors were works contracts and not manpower...
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
Indirect Taxes
Exotic Birds, Mammals Not Goods Under S. 123 of Customs Act, 1962: CESTAT Orders Release of Seized Exotic Birds
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata Bench, has set aside...
Indirect Taxes
CESTAT Quashes Confiscation of 2.68 Lakh Grams of Duty-Free Gold, Sets Aside Rs. 50 Lakh Redemption Fine
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata Bench, has quashed the...
Indirect Taxes
Clandestine Removal Can’t Be Proven Solely Through Pen Drives: CESTAT Quashes Rs. 1 Crore+ Excise Duty Demand
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
Prototype Vehicles Must Be Valued on Comparable Goods Basis, CESTAT Rejects 110% Cost Valuation Demand
The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
Columns
Can GST Demands Orders Be Quashed If Issued by an Officer Lacking Monetary Jurisdiction?
A significant legal issue is emerging in GST litigation across India, with taxpayers increasingly...
GST
DGGI Kolkata | Calcutta High Court Stays GST Assessment Order Over Alleged Violation of Natural Justice in DRC-01 Proceedings
The Calcutta High Court has granted interim relief to a real estate developer by...
Direct Tax
S. 263 Can’t Be Invoked Where AO Adopted a Plausible View After Inquiry: ITAT
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed an...
Direct Tax
PCIT Can’t Invoke S. 263 Merely Due to Different View on Survey Disclosure in Limited Scrutiny Assessment: Gujarat High Court
The Gujarat High Court has held that the Principal Commissioner of Income Tax (PCIT)...
GST
Telangana High Court Restores GST Appeal Withdrawn Due to Alleged Filing Error
The Telangana High Court has set aside an appellate order that treated a Goods...
Direct Tax
ITAT Allows Full Deduction of Debenture Discount
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s...
Notification
Thailand Customs Deploys AI, K-9 Units and Advanced Screening to Crack Down on Drug Trafficking Through Airports and Cargo Networks
Thailand Customs has launched a major overhaul of its outbound customs and security screening...
Direct Tax
Corporate Returns With Income Exceeding Rs. 30 Lakh In Metro Cities To Be Handled By ACIT or DCIT, Not By ITO: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed the reassessment...