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Direct Tax
‘On-Money’ Addition Deleted As Third-Party Excel Sheet Failed To Establish Undisclosed Payment: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai, has deleted an addition of ₹2.5 crore towards alleged “on-money” paid for purchasing a commercial property, holding...
Notification
Customs Can’t Insist on Form-I for India–UK CETA Tariff Claims Supported by Valid Origin Declaration: CBIC
The Central Board of Indirect Taxes and Customs (CBIC) has clarified that an importer claiming preferential customs duty under the India–UK Comprehensive Economic and Trade Agreement (CETA) need not submit Form-I along with the Bill of Entry. A valid Origin Declaration completed by the...
Other Laws
Court-Appointed Valuer Can’t Be Denied Reasonable Fees Due to Administrative Lapse: Bombay High Court
The Bombay High Court has held that an administrative failure to obtain prior sanction...
Other Laws
Bombay High Court Restrains Withdrawal of Bank Funds and Creation of Third-Party Rights Over Attached Assets Pending Adjudication
The Bombay High Court has restrained the withdrawal of bank funds and creation of...
Direct Tax
‘On-Money’ Addition Deleted As Third-Party Excel Sheet Failed To Establish Undisclosed Payment: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai, has deleted an addition of ₹2.5 crore...
Direct Tax
2 Flats Merged Into 1 Home Qualify For Capital Gains Exemption: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai, has upheld capital gains exemptions totalling ₹28.45...
GST
GST Cross-Empowerment Doesn’t Require Separate Notification; Parallel Proceedings on Same Issue Remain Barred: Madras High Court
The Madras High Court has held that the absence of a separate notification under...
GST
GST Penalty U/s 122(1A) Can’t Apply to Pre-2021 Transactions; Unregistered Beneficiaries Also Covered: Delhi High Court
The Delhi High Court has held that personal penalties under Section 122(1A) of the...
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
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...
Money Hacks
How to Save Money on LPG Cylinder Booking: Best Apps, Cashback Offers In 2026
With domestic LPG cylinder prices continuing to strain household budgets, consumers are increasingly looking...
Indirect Taxes
Dealer Incentives Can’t Be Taxed Merely on Ledger Entries: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata, has set aside a...
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 Cross-Empowerment Doesn’t Require Separate Notification; Parallel Proceedings on Same Issue Remain Barred: Madras High Court
The Madras High Court has held that the absence of a separate notification under...
GST
GST Penalty U/s 122(1A) Can’t Apply to Pre-2021 Transactions; Unregistered Beneficiaries Also Covered: Delhi High Court
The Delhi High Court has held that personal penalties under Section 122(1A) of the...
GST
One-Line Rejection Of Audit Reply Alone No Ground To Quash GST SCN: Delhi HC
The Delhi High Court has declined to interfere with a GST show cause notice...
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
Dealer Incentives Can’t Be Taxed Merely on Ledger Entries: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata, has set aside a service tax demand of ₹1,68,96,932 against an automobile dealer, holding that accounting descriptions alone cannot establish the existence of a taxable service. The bench of Ashok Jindal (Judicial Member) and K....
International Taxation
India-New Zealand FTA to Bring Duty-Free Access for Indian Goods from October 20
The India-New Zealand Free Trade Agreement (FTA) is set to come into force on...
Indirect Taxes
US Finalises 123.04% Anti-Dumping Duty on Indian Solar Cells; Combined AD/CVD Burden Reaches 249.13%
The United States has finalised steep anti-dumping (AD) and countervailing duty (CVD) rates on...
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
‘On-Money’ Addition Deleted As Third-Party Excel Sheet Failed To Establish Undisclosed Payment: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai, has deleted an addition of ₹2.5 crore...
Direct Tax
2 Flats Merged Into 1 Home Qualify For Capital Gains Exemption: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai, has upheld capital gains exemptions totalling ₹28.45...
Indirect Taxes
Dealer Incentives Can’t Be Taxed Merely on Ledger Entries: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata, has set aside a...
Indirect Taxes
Customs Interest Can’t Be Backdated Before Confiscation Liability Is Determined; Nearly 8 Year Period Excluded: Delhi HC
The Delhi High Court has held that interest arising from customs confiscation and redemption...
GST
GST Cross-Empowerment Doesn’t Require Separate Notification; Parallel Proceedings on Same Issue Remain Barred: Madras High Court
The Madras High Court has held that the absence of a separate notification under...
GST
GST Penalty U/s 122(1A) Can’t Apply to Pre-2021 Transactions; Unregistered Beneficiaries Also Covered: Delhi High Court
The Delhi High Court has held that personal penalties under Section 122(1A) of the...
GST
One-Line Rejection Of Audit Reply Alone No Ground To Quash GST SCN: Delhi HC
The Delhi High Court has declined to interfere with a GST show cause notice...
GST
Missing E-Invoice Alone Can’t Justify Rs. 63.72 Lakh GST Penalty Without Evidence of Tax Evasion: GSTAT
The Goods and Services Tax Appellate Tribunal (GSTAT), Lucknow, has set aside an appellate...
GST
E-Way Bill Generated After Vehicle Interception Can’t Cure Violation: GSTAT
The Goods and Services Tax Appellate Tribunal (GSTAT), State Bench at Varanasi, has upheld...
Indirect Taxes
DGFT Orders Quashed For Failure To Supply DRI Letter Relied Upon In SCN: Bombay High Court
The Bombay High Court has set aside an adjudication order and an appellate order...
GST
Delayed GST Payment Alone Doesn’t Establish Fraud: GSTAT
The Goods and Services Tax Appellate Tribunal (GSTAT), Kolkata Bench, has dismissed a departmental...
GST
Timely Cash Ledger Deposit Doesn’t Stop GST Interest For Earlier Tax Periods: GSTAT
The Goods and Services Tax Appellate Tribunal (GSTAT), Raipur, has held that depositing sufficient...
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