Mere Uncorroborated Statement During Search Can’t Justify Presumption of Capitation Fee Collection: Madras High Court

The Madras High Court has dismissed a batch of tax appeals filed by the Income Tax Department, holding that statutory presumptions under Sections 132(4)...

Credit Support Framework for MSME E-commerce Exporters Notified: DGFT

The Directorate General of Foreign Trade (DGFT) issued a trade notice outlining eligibility criteria and operational guidelines for extending credit assistance to micro, small and medium enterprises (MSMEs) engaged in exports through digital commerce channels under the ₹25,060-crore Export Promotion Mission (EPM). According to the...

Trial Judge Relied On Ex-Parte Ownership Decree Passed Against A Person Who Died Decades: HC names It As ‘Judicial Misconduct’

The Allahabad High Court has set aside a decree directing Nagar Nigam Ghaziabad to...

Forfeiture of Security Deposit Without Show-Cause Notice Violates Natural Justice: Himachal Pradesh High Court

The Himachal Pradesh High Court has quashed the forfeiture of ₹15.67 lakh from a...

Mere Uncorroborated Statement During Search Can’t Justify Presumption of Capitation Fee Collection: Madras High Court

The Madras High Court has dismissed a batch of tax appeals filed by the...

Money Laundering Can Arise From Handling Proceeds of Crime Even if Predicate Offence Occurred Earlier: Madras HC

The Madras High Court has held that money laundering can arise from handling proceeds...

Mere Allegation of Cash Loan from Asharam Ashram Can’t Be Treated as Undisclosed Income Without Evidence: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s...

No TDS Default Made Out in ₹43 Crore Commission Paid by NDTV: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that no...

JurisHour Exclusive Live Coverage Of Budget for FY 2026–27

Finance Minister Nirmala Sitharaman arrived at Kartavya Bhawan at the Finance Ministry on Saturday, marking a significant moment ahead of the presentation of the...

RBI Tightens Bank Lending Norms for Stock Brokers

In a major regulatory move, the Reserve Bank of India (RBI) has unveiled a...

How Much Silver Can You Keep at Home Without Tax in India?

Silver has traditionally held both cultural and investment value in India. From household utensils...

India Moves to Ease Export Bottlenecks as Shipping Disruptions Stall Middle East Cargo

India’s maritime regulator, the Directorate General of Shipping, is set to convene a high-level...

CCI | GST | Direct Tax

CCI Approves Acquisition Of Jaiprakash Associates By Vedanta 

The Proposed Combination envisages acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited (Acquirer)...

CCI Dismisses Complaint Against Microsoft for Bundling Antivirus Software Microsoft Defender with Windows

The Competition Commission of India (CCI) has  dismissed the complaint Against Microsoft for Bundling...

Every IP Dispute Can’t Be Converted Into Competition Dispute: Delhi High Court

The Delhi High Court stated that every IP dispute can't be converted into a...

Whether Swiggy Can Share Confidential Data With Restaurant Association? Karnataka High Court Directs CCI To Decide Afresh

The Karnataka High Court directed Competition Commission of India to decide afresh whether swiggy...

GST Electronic Credit Ledger Blocking Cannot Continue Beyond 1 Year: Karnataka High Court 

The Karnataka High Court has held that the blocking of a taxpayer’s Electronic Credit...

Depreciation on Unavailed ITC Does Not Bar Credit U/s 16(3): Kerala High Court

The Kerala High Court has ruled that banking companies opting for the 50% Input...

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’...

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...

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...

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...

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...

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

SCN Unwarranted When Service Tax Paid Before Notice U/S 73(3): Karnataka HC

The Karnataka High Court has held that when an assessee pays the tax along with interest prior to the issuance of a show cause notice, the statutory protection under Section 73(3) of the Finance Act, 1994 would apply in the absence of allegations of...

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...

EU and India Finalise Historic Free Trade Agreement, Creating One of the World’s Largest Trade Zones

In a landmark development for global trade, the European Union and India have concluded...

JurisHour Exclusive Live Coverage Of Budget for FY 2026–27

Finance Minister Nirmala Sitharaman arrived at Kartavya Bhawan at the Finance Ministry on Saturday,...

LIVE | Gyanotsav 2026 Day 2: A Power-Packed Knowledge Marathon After a Blockbuster Opening Day

After a high-octane first day marked by back-to-back banger sessions, thought-provoking discussions and an...

Latest Articles

New GST Auto-Suspension Rule for Bank Account Non-Updation Effective From 5 December 2025

GSTN has implemented a strict automatic suspension mechanism under amended Rule 10A of the...

How to file nil gst return – easy 5 steps guide by experts

A Nil GST Return is required to be filed when a registered taxpayer has...

ICAI Releases Revised GST Reconciliation Guide: Major Compliance Shifts Under GST 2.0 Regime Highlighted

In a move with far-reaching implications for high-turnover businesses, multi-state entities, and tax professionals,...

Issuance of Re-Assessment Notice Prior To Supply Of Recorded Reasons U/s 147 Is Fatal Procedural Lapse: ITAT

The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that the Issuance of...

Black Money Act Triggers When AO Notices the Transaction — Not When Undertaken: ITAT Deletes Foreign Asset Addition

In a landmark interpretation of the Black Money (Undisclosed Foreign Income and Assets) Act,...

Haryana Tax Dept Issues Strict Protocol for Suo-Motu GST Audit & Scrutiny Cases

The Excise & Taxation Department, Haryana has issued fresh directions to all field formations...

What if you intentionally do not show all tax invoices during GST filing?

Short answer: Intentionally hiding or omitting tax invoices from your GST filings is high-risk....

Duty Not Finalised, Can’t Be ‘Arrears’: Bombay HC Clarifies SVLDRS Interpretation

The Bombay High Court has held that the department has wrongly classified a long-pending...

Processed, Canned Pineapple Products Not ‘Fresh Fruit’, Sales Tax Payable: Bombay HC

The Bombay High Court has held that canned pineapple slices, pineapple tidbits, and fruit...

Delhi HC Quashes Retrospective GST Cancellation; Says Dept. Failed to Give Reasons

The Delhi High Court has quashed the retrospective cancellation of GST registration issued to...

Delhi High Court Orders Release of Detained Gold Bar; Says Absence of SCN Makes Continued Detention Illegal

The Delhi High Court has directed the Customs Department at IGI Airport, New Delhi,...