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Dividend, Bank Interest & SDF Service Charges Not Eligible for Section 36(1)(viii) Deduction: SC

The Supreme Court has ruled that dividend income, interest earned on short-term bank deposits,...

Guarantee Fee Taxable Only at 10%; ITAT Rejects CIT(A)’s Move to Levy 40% Under ‘Other Income’

The Income Tax Appellate Tribunal (ITAT) Delhi Bench has held that the guarantee fee...

Delhi HC Reduces Customs Penalty in Case Involving Mis-Declaration of Broadcasting Equipment Imports

The Delhi High Court has substantially reduced the penalty imposed in a case involving...

Bombay High Court Quashes Stay Order After Finding Tax Authority Wrongly Taxed Gross Receipts Instead of Income

The Bombay High Court has set aside an order that required the institution to...

Income Tax Dept. Turns Spotlight on Credit Card Reward Misuse

A new wave of income-tax scrutiny is sweeping across India — and this time,...

Income Tax Dept. Seeks Justification for Household Expenses, Including Haircuts and Perfumes

In a move that signals a sharp shift in the intensity of individual tax...

Income Tax Reassessment Invalid in Absence of Incriminating Material: Delhi HC

The Delhi High Court has dismissed the appeal filed by the Principal Commissioner of...

Bombay HC Frowns On Customs Officials for Not Issuing Speaking Order; Imposes Rs. 25,000 Cost

The Bombay High Court has pulled up Customs authorities for failing to issue a...

Rs. 10K Cost Imposed On CIT(A) For Passing One-Line Order: Gujarat HC

The Gujarat High Court has imposed the cost of Rs. 10,000 on the Commissioner...

PCIT Sanction Sufficient For Tax Evasion Exceeding Rs. 25 Lakhs; No Need for Collegium Approval: Delhi HC

The Delhi High Court while upholding the validity of Circular No. 5/2020 dated 23.01.2020...

Foreign Entity Not Required to File ITR: ITAT Quashes Reassessment Against UAE Taxpayer 

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed the reassessment...

Latest articles

JURISHOUR | TAX LAW DAILY BULLETIN : MARCH 18, 2026

Here’s the Tax Law Daily Bulletin for March 18, 2026.GSTCONSOLIDATION OF SCNS COVERING MULTIPLE...

Mumbai Customs Busts Rs. 64.39 Crore Hydroponic Weed Racket at Airport; 4 Passengers Arrested Under NDPS Act

In a major anti-narcotics operation, officers of the Airport Commissionerate under Mumbai Customs Zone–III...

Attachment of Bank Accounts Despite ITAT Stay Illegal: Delhi HC Quashes Coercive Recovery

The Delhi High Court has set aside the attachment of bank accounts holding that...

No GST Recovery Without Following Law: Bombay High Court

The Bombay High Court directed the immediate restoration of GST registration of the assessee...