Can Commercial Vehicles Qualify for 50% Depreciation? Delhi ITAT Follows Consistent Precedent in Favour of Assessee

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed an appeal concerning the tax assessment of International Tractors Ltd. for...

Taxation and Other Laws Amendment Bill, 2026 Proposes Major Tax Reliefs for Foreign Funds, Diamonds and Electronics

The Taxation and Other Laws (Amendment) Bill, 2026 proposes a series of significant amendments to the Income-tax Act, 2025, the Finance Act, 2026 and the Payment and Settlement Systems Act, 2007. The measures are aimed at providing greater tax certainty, promoting fund-management activity in...

CA, CS, CMA Vs Advocates: Delhi HC Asks BCI To Clarify Its Plea Restricting Non-Advocates From Appearing Before Authorities

The Delhi High Court has sought further clarity in a long-running legal dispute concerning...

Court Directs CBI to File Reply to Rajesh Bothra’s Discharge Application against Alleged Fake Bills of Lading in Rotomac Bank Fraud Case

Court hearing the Rotomac Exim bank fraud case has directed the Central Bureau of...

Can Commercial Vehicles Qualify for 50% Depreciation? Delhi ITAT Follows Consistent Precedent in Favour of Assessee

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed an...

Madras High Court Remits GST Demand for Fresh Adjudication After Taxpayer Claims It Was Unaware of SCN Following Business Closure

The Madurai Bench of the Madras High Court has remitted a GST demand order...

Can Anticipatory Bail Be Sought Against Apprehended GST Arrest Without FIR? Karnataka HC Relies on Supreme Court Ruling

The Karnataka High Court has held that a person facing a genuine and reasonable...

No Jurisdictional Bar U/s 6(2)(b) in Parallel CGST SGST Proceedings: Delhi High Court Refuses to Bypass GST Appeal Remedy

The Delhi High Court has declined to entertain a writ petition challenging a GST...

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...

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...

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...

AO Can’t Reject Recognised Valuation Method Merely Because It Was Not Yet Notified: Delhi High Court Upholds DCF Valuation of Shares

The Delhi High Court has dismissed an Income Tax Department appeal challenging the valuation...

CCI | GST | Direct Tax

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...

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...

Markets Trade Flat Ahead of Union Budget 2026-27

Equity benchmark indices traded in a narrow range on Sunday morning as investors remained...

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 Approves Acquisition Of Jaiprakash Associates By Vedanta 

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

Madras High Court Remits GST Demand for Fresh Adjudication After Taxpayer Claims It Was Unaware of SCN Following Business Closure

The Madurai Bench of the Madras High Court has remitted a GST demand order...

Can Anticipatory Bail Be Sought Against Apprehended GST Arrest Without FIR? Karnataka HC Relies on Supreme Court Ruling

The Karnataka High Court has held that a person facing a genuine and reasonable...

No Jurisdictional Bar U/s 6(2)(b) in Parallel CGST SGST Proceedings: Delhi High Court Refuses to Bypass GST Appeal Remedy

The Delhi High Court has declined to entertain a writ petition challenging a GST...

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

Interest on Delayed Duty Drawback Runs From 1 Month After ‘Let Export Order’, Not Final Adjudication: Delhi High Court

The Delhi High Court has held that interest on delayed payment of duty drawback under Section 75A of the Customs Act, 1962 becomes payable upon expiry of one month from the date on which the exporter’s shipping bill is deemed to constitute a drawback...

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...

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...

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

Courier Company Can’t Be Penalized Under Customs Act In Absence Of Knowledge In Misdeclaration Of Imported Goods: CESTAT

The Delhi bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held...

CBIC Directs Strict Compliance with Court Rulings on Duty Drawback for Export of Unlocked Mobile Phones

The Central Board of Indirect Taxes and Customs (CBIC) has issued mandating strict compliance...

No Service Tax Liability Arises on ‘Fake Invoices’: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi Bench, has ruled that...

Services Rendered During Warranty Period Qualify As ‘Works Contract Services’, Subject To Partial Tax Liability Under RCM: CESTAT

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Delhi Bench, has set aside...

Limitation Not Applicable for Excess Service Tax Paid by Mistake: CESTAT 

The Delhi Bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held...

Income Tax 2026: What Govt Is Really Tracking Now?

India’s income tax enforcement has undergone a major transformation, with the Income Tax Department...

GSTAT Issues Filing Instructions for Appeals on GST Portal

The Goods and Services Tax Appellate Tribunal (GSTAT), under the aegis of the Ministry...

Appeal on Customs Duty Exemption Lies Only Before Supreme Court: Madras HC

The Madurai Bench of the Madras High Court has held that disputes involving exemption...

DGFT Amends Export Credit Interest Subvention Scheme Under ‘Niryat Protsahan’ Mission

The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry,...

Exemption Notifications Disputes Impacting Customs Duty Rate Must Be Appealed Before Supreme Court: Madras High Court

The Madurai Bench of the Madras High Court has held that disputes relating to...

No Proper Service of GST Notice: Meghalaya High Court Quashes Ex-Parte ITC Demand Order

The Meghalaya High Court has set aside an ex-parte GST demand order on the...

Settlement Payment Of Corporate Guarantee Given To Subsidiary – Allowable As Business Expenditure: ITAT

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