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

NDPS | Failure to Properly Inform Accused of Rights Makes Recovery Suspect: Supreme Court

The Supreme Court has held that failure to properly inform accused of rights makes...

Employer-Provided Group Insurance Can’t Be Deducted from Motor Accident Compensation: Supreme Court

The Supreme Court of India has ruled that compensation received by dependants under an...

Supreme Court Allows Graduate Anganwadi Workers to Compete in 29% ICDS Supervisor Quota

The Supreme Court has ruled that Anganwadi Workers possessing a graduate degree are eligible...

Madhya Pradesh Makes Virtual Hearings Mandatory in GST Assessment and Appeals from April 2026

The Office of the Commissioner of Commercial Tax, Madhya Pradesh, has issued detailed guidelines...

Typographical Error in GSTR-1 Can’t Deny IGST Refund on Exports; SC Upholds Gujarat HC Ruling

The Supreme Court has refused to interfere with a Gujarat High Court judgment directing...

GSTAT Issues Detailed Instructions for Filing Appeals on Portal; SCN, OIO, OIA, Pre-Deposit Documents Mandatory

The Goods and Services Tax Appellate Tribunal (GSTAT) has issued a set of detailed...

CBIC Releases FAQs on Duty Deferment Scheme for Eligible Manufacturer Importers to Boost ‘Make in India’

The Central Board of Indirect Taxes and Customs (CBIC) has released a comprehensive set...

GST Payable on Corpus Fund at Time of Collection; Electricity Charges for Common Areas Taxable as Part of Maintenance Services: AAR

The Karnataka Bench of Authority for Advance Ruling Karnataka (AAR) has held that Goods...

Corpus Fund Collected by Apartment Owners’ Association Is ‘Supply’, GST Payable at Time of Collection; Rs. 7,500 Monthly Exemption Not Applicable: AAR

The Authority for Advance Ruling Karnataka (AAR) has held that corpus fund contributions collected...

CBDT Orders Transfer of 3 Chief Commissioners / DGIT-Level Officers; Additional Charge Assigned

The Central Board of Direct Taxes (CBDT) has issued an Office Order announcing the...

Minor Refurbishment of Used Cars Doesn’t Change Nature as Second-Hand Goods; GST Payable Only on Margin: AAR

The Authority for Advance Ruling Karnataka (AAR) has clarified that minor refurbishment carried out...

GST Exemption On Solid waste Management Services to Gram Panchayat: AAR

The Karnataka Authority of Advance Ruling (AAR) has held that the solid waste Management...