Direct Tax
Unregistered Agreement to Sell Can’t Deny S. 50C Relief if Sale Consideration Was Received Through Banking Channels: ITAT Chennai
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has held that an assessee cannot be denied the benefit of the provisos to...
Notification
CBIC Discontinues Manual Documentation for Duty-Free Imported Containers to Boost Ease of Doing Business
The Central Board of Indirect Taxes and Customs (CBIC) has discontinued the requirement for shipping lines to submit manual documents and statements for containers imported duty-free under Notification No. 104/94-Customs. The circular revises the monitoring mechanism for duty-free imported containers by replacing manual documentation with...
Other Laws
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...
Other Laws
POCSO Reporting Is Mandatory, Schools Can’t Conduct Their Own Inquiry: Supreme Court
The Supreme Court has held that reporting under Protection of Children from Sexual Offences...
Direct Tax
Unregistered Agreement to Sell Can’t Deny S. 50C Relief if Sale Consideration Was Received Through Banking Channels: ITAT Chennai
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has held that an...
Indirect Taxes
Customs Exemption for ELISA Kits Can’t Be Claimed on Individual Components Like QFT Tubes: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has held that...
Indirect Taxes
Customs Dept. Can’t Deny Preferential Duty Benefits Under India-Thailand FTA Without Following Statutory Verification Procedure Prescribed For COO Certificates: CESTAT
The Principal Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New...
Indirect Taxes
Investment in Own Shares Not A Taxable Service, Yet Proportionate CENVAT Credit Reversal on Common Input Services Still Mandatory: CESTAT
The Principal Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New...
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...
Indirect Taxes
No Interest on Refund if Service Tax Refund Is Granted Within 3 Months: CESTAT
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), New Delhi, has held that...
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
Whether ‘May’ Can Replace Mandatory Pre-SCN Consultation? Punjab & Haryana High Court Stays Final GST Adjudication
The Punjab and Haryana High Court has granted interim protection to a taxpayer challenging...
GST
Bank Certificate Can Substitute FIRC in GST Export Cases: Karnataka High Court
The Karnataka High Court has held that GST authorities cannot mechanically confirm tax demands...
GST
GST SCN Without Alleging Fraud Cannot Invoke S. 74: Karnataka High Court Quashes Adjudication Order
The Karnataka High Court has held that proceedings under Section 74 of the Central...
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
Customs Exemption for ELISA Kits Can’t Be Claimed on Individual Components Like QFT Tubes: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has held that individual components of an ELISA diagnostic kit cannot claim the concessional customs duty available to the complete ELISA kit merely because they are functionally indispensable to it. Setting aside the Commissioner...
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
Unregistered Agreement to Sell Can’t Deny S. 50C Relief if Sale Consideration Was Received Through Banking Channels: ITAT Chennai
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has held that an...
Indirect Taxes
Customs Exemption for ELISA Kits Can’t Be Claimed on Individual Components Like QFT Tubes: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has held that...
Indirect Taxes
No Interest on Refund if Service Tax Refund Is Granted Within 3 Months: CESTAT
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), New Delhi, has held that...
Indirect Taxes
Customs Foils Attempt to Smuggle 365.545 Kg of Red Sanders to Hong Kong, Passenger Arrested at Delhi’s IGI Airport
The Air Intelligence Unit (AIU) of the Customs Department at Indira Gandhi International (IGI)...
Indirect Taxes
Customs Dept. Can’t Deny Preferential Duty Benefits Under India-Thailand FTA Without Following Statutory Verification Procedure Prescribed For COO Certificates: CESTAT
The Principal Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New...
Indirect Taxes
Investment in Own Shares Not A Taxable Service, Yet Proportionate CENVAT Credit Reversal on Common Input Services Still Mandatory: CESTAT
The Principal Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New...
Indirect Taxes
PAN-India Jurisdiction of DGGI Officers to Issue Service Tax Show Cause Notices: Madras High Court
The Madras High Court has upheld the validity of the Central Board of Excise...
GST
Whether ‘May’ Can Replace Mandatory Pre-SCN Consultation? Punjab & Haryana High Court Stays Final GST Adjudication
The Punjab and Haryana High Court has granted interim protection to a taxpayer challenging...
GST
Bank Certificate Can Substitute FIRC in GST Export Cases: Karnataka High Court
The Karnataka High Court has held that GST authorities cannot mechanically confirm tax demands...
GST
GST SCN Without Alleging Fraud Cannot Invoke S. 74: Karnataka High Court Quashes Adjudication Order
The Karnataka High Court has held that proceedings under Section 74 of the Central...
GST
GST SCN Generated Using AI Tool Quashed: Punjab & Haryana High Court
The Punjab & Haryana High Court has quashed a GST Show Cause Notice (SCN)...
Direct Tax
Interest Earned from Investments in Cooperative Banks Eligible for S. 80P(2)(d) Deduction: ITAT
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that a...