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Direct Tax
Income Allegedly Escaped Assessment In Different AY Can’t Be Consolidated To Meet Rs. 50 Lakhs Threshold Limit: Delhi High Court
The Delhi High Court has held that income alleged to have escaped assessment in...
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
CBI arrests Dy. CIT Allegedly Involvement in Sabotaging Faceless Scheme of Income Tax Assessment
The Central Bureau of Investigation (CBI) has arrested Dy. Commissioner of Income Tax for...
Direct Tax
Delhi High Court Deletes Income Tax Addition of Rs. 42.16 Cr. Against NTPC Subsidiary
The Delhi High Court has deleted the income tax addition of Rs. 42.16 Crores...
Direct Tax
Income Tax Dept’s Practice Of Adjusting Tax Refunds Beyond 20% Demand Is Illegal: Bombay High Court
The Bombay High Court has struck down the practice of adjusting tax refunds beyond...
Direct Tax
Income Tax Payable Remuneration Paid To Chairperson Of Educational Trust: Delhi High Court
The Delhi High Court has income tax payable remuneration paid to chairperson of educational...
Direct Tax
Bombay High Court Upholds Disallowance of Interest Paid to Beneficiaries, Rules Trust as Association Of Persons
The Bombay High Court has upheld disallowance of interest paid to beneficiaries, and ruled...
Direct Tax
Amalgamated Company Can Claim Depreciation On Adjusted Written Down Value Of Assets Without Central Govt. Approval: Bombay High Court
The Bombay High Court has held that amalgamated company can claim depreciation on adjusted...
Direct Tax
No Income Tax On Exchange Of Old Flats In Lieu Of Old Ones: ITAT
In a major relief to flat owners, the Mumbai Bench of Income Tax Appellate...
Direct Tax
Black Money Act: Tax Clearance Certificate Mandatory to Fly Abroad
The Union Finance Minister Nirmala Sitharaman has recently proposed an amendment in the Income...
Direct Tax
Reducing Tax From 20% to 12.5% & Withdrawing Indexation On LTCG Is A Clear Act Of Looting Citizens, Understand With Illustrations
Recently, the Union Finance Minister in the Union Budget 2024 has announced the reduction...
Direct Tax
Indexation Benefit Restored For Limited Purpose Of Computing Long Term Capital Gains Tax: Know The Details
The Finance (No. 2) Bill, 2024 was presented by the Union Finance Minister, Nirmala...
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Case Compilation
JURISHOUR | TAX LAW DAILY BULLETIN : MARCH 17, 2026
Here’s the Tax Law Daily Bulletin for March 17, 2026.GSTDGGI MAY RECOMMEND ED PROBE...
Notification
GSTN Update Triggers Portal Glitch: Taxpayers Forced to Confirm ‘Tax Liability Breakup’ Tab Despite No Late Invoices
In a recent system update aimed at improving compliance under Section 50 of the...
Direct Tax
Maruti Suzuki to Challenge Draft Assessment Order Proposing Rs. 5,786 Crore Income Tax Demand
Maruti Suzuki India Limited (MSIL) on Tuesday disclosed that it has received a Draft...
Columns
After JurisHour Report, Fino Payments Bank Shares Crash 19%
Shares of Fino Payments Bank plunged over 19% on Monday, hitting a fresh record...