Bank Loan Upfront Fee Revenue Expenditure Even Where Loan Is Used for Capital Assets: Delhi High Court 

The Delhi High Court has dismissed the department’s appeal challenging the deletion of a tax disallowance of ₹3.12 crore paid by the assessee as...

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...

Bank Loan Upfront Fee Revenue Expenditure Even Where Loan Is Used for Capital Assets: Delhi High Court 

The Delhi High Court has dismissed the department’s appeal challenging the deletion of a...

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...

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...

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...

Erection Services Were Not Liable To Service Tax Prior To 10 September 2004: CESTAT

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

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

Erection Services Were Not Liable To Service Tax Prior To 10 September 2004: CESTAT

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Allahabad Regional Bench, has held that erection services were not liable to service tax prior to 10 September 2004 and consequently set aside a service tax demand relating to erection work performed before that date.  The...

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

CESTAT Clears Telecom Credit Row: Indus Towers Wins Big on CENVAT Claims

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

Telecom Towers are “Goods,” Not Immovable Property: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) Chandigarh has ruled in favor...

Supreme Court Declines Immediate Intervention on Plea to Shorten 5-Year LL.B Course

The Supreme Court stated that it cannot impose its views on matters relating to...

Govt. Makes EPCES Membership Mandatory for SEZ Units; Renewal Drive for 2026–27 Announced

The Government of India has reiterated that membership with the Export Promotion Council for...

Companies Located Outside India To Be Treated As Distinct Person And Transaction Between Them Amounts To Export Of Service: CESTAT

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

India Tightens FDI Rules for Bordering Nations, Expands Oversight on Beneficial Ownership

In a significant move aimed at strengthening economic security and enhancing regulatory oversight, the...

Transfer of Development Rights Not Taxable Service: CESTAT

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has ruled that the transfer...

Orissa HC Quashes GST Demand Against Construction Firm, Orders Fresh Hearing

The Orissa High Court has set aside a service tax demand imposed on Jharkhand-based...

Delay in IRS Appointment At ITAT: SC Issues Notice to DoPT Secretary in Contempt Case

The Supreme Court of India has issued notice to Rachna Shah, IAS and Secretary...

DGGI May Recommend ED Probe in Rs. 10,000 Cr Online Gaming Transactions Linked to Fino Payments Bank; Telangana HC Reserves Order on CEO’s Arrest

The Directorate General of Goods and Services Tax Intelligence (DGGI) may soon recommend a...

JURISHOUR | TAX LAW DAILY BULLETIN : MARCH 16, 2026

Here’s the Tax Law Daily Bulletin for March 16, 2026. GST DGGI GAUHATI | SECURING ALLEGED...

DRI | Mumbai Court Grants Anticipatory Bail To Surat Importer Accused of Undervaluing Chinese Glass Beads, Evading Customs Duty 

A Mumbai sessions court has granted anticipatory bail to Surat-based businessman Kishorbhai Bhingradia, who...