JURISHOUR | TAX LAW DAILY BULLETIN : 31 JULY, 2026

Here’s the Tax Law Daily Bulletin for July 31, 2026.GSTWHY ARE PROMOTIONS TO ASSISTANT COMMISSIONER IN CBIC STUCK? EXPLAINEDBAIL GRANTED IN RS. 197 CRORE...

No Proposal to Scrap LTCG Tax on Equities for Domestic Investors: Finance Ministry

The Central Government has clarified that it is not considering any proposal to abolish Long-Term Capital Gains (LTCG) tax on equity investments for domestic retail or institutional investors during the current financial year. The clarification came in response to a question raised in the...

Supreme Court Upholds Stamp Duty on Anticipated Royalty, Rejects Mining Company’s Dead Rent Formula Plea

The Supreme Court has held that stamp duty on mining lease agreements must be...

JURISHOUR | TAX LAW DAILY BULLETIN : 31 JULY, 2026

Here’s the Tax Law Daily Bulletin for July 31, 2026.GSTWHY ARE PROMOTIONS TO ASSISTANT...

Adultery Plea Must Be Decided Before Final Maintenance Order: Supreme Court

The Supreme Court has held that a husband's plea alleging that his wife is...

Ooty Property Dispute | Specific Performance Denied as Buyer Failed to Prove Continuous Financial Readiness: Supreme Court

The Supreme Court has held that a purchaser seeking enforcement of an agreement to...

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...

Civil Disputes Can’t Be Given Criminal Colour: Supreme Court Quashes Cheating, Criminal Breach of Trust Case in Failed Real Estate Joint Development Deal

The Supreme Court has quashed criminal proceedings against two landowners accused of cheating and...

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)...

Ghaziabad DGGI | Court Extends Judicial Custody of 2 Accused Involved In GST Fake ITC Fraud of ₹31.57 Crore Till 7 August, 2026

A Meerut court has remanded two accused, Gautam Sharma and Sachin Deewan to judicial...

10% GST Penalty Pre-Deposit Rule Not Applicable Where SCN Issued Before 1 October 2025: Delhi High Court

The Delhi High Court has held that the mandatory 10% pre-deposit for filing appeals...

GST Appeal Delay Condoned After Portal Continued to Show Case as ‘Pending for Order’: Rajasthan High Court

The Rajasthan High Court has held that where a taxpayer is prevented from filing...

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

Penalty for Abetment Can’t Survive After Main Customs Misdeclaration Case Fails: CESTAT

The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that a penalty imposed on a person accused merely of abetting an alleged customs violation cannot survive once the principal allegations against the importer have been rejected. The bench 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...

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

Advocates Can’t Be Sued Under Consumer Protection Act for Deficiency in Legal Services: Andhra Pradesh High Court 

The Andhra Pradesh High Court has dismissed a writ petition challenging the dismissal of...

Validity of S. 69 of CGST Act Reaffirmed: Supreme Court Upholds Arrest Powers Of GST Officer

The Supreme Court has disposed of a writ petition challenging the constitutional validity of...

Date of Email Dispatch Determines Validity of S. 148 Notice, Not Date on Notice: Bombay High Court

The Bombay High Court has held that a notice under Section 148 of the...

Outstanding Land Procurement Advances Cannot Be Taxed as Forfeited Income U/s 56(2)(ix): Karnataka HC

The Karnataka High Court has dismissed the Income Tax Department's appeal against real estate...

Limitation Issue Can’t Survive After Assessee Concedes CENVAT Demand: Rajasthan High Court Dismisses Excise Appeal

The Rajasthan High Court has dismissed an appeal holding that once an assessee expressly...

No GST Recovery Without Adjudication: Bombay High Court Stays Coercive Action Based on Tentative Tax Liability

The Bombay High Court has granted interim relief to the assessee by restraining the...

Pay Slips Qualify as Consignment Notes, Upholds GTA Service Tax on Iron Ore Transport: Karnataka HC 

The Karnataka High Court has held that transportation documents described as "pay slips" can...

GST ITC Demand Quashed As Dept. Ignored Taxpayer’s Reply to SCN: Punjab & Haryana High Court 

The Punjab and Haryana High Court has quashed an order confirming an Input Tax...

Seek Rectification Under Retrospective ITC Relief Mechanism Instead of Writ Petition: Patna High Court

The Patna High Court has asked the taxpayer to seek rectification under extension of...

Bank Guarantee Can’t Be Released Until Outstanding Excise Liquor Licence Dues Are Cleared: Chhattisgarh High Court

The Chhattisgarh High Court has dismissed a writ petition filed by a liquor outlet...

GST ITC Denial Over Supplier’s Tax Default: Himachal Pradesh High Court Orders Fresh Adjudication 

The Himachal Pradesh High Court has directed the GST Department to reconsider the objections...

Assessee Can’t Escape VAT Liability by Blaming Tax Consultant: Karnataka HC

The Karnataka High Court has dismissed both a review petition and a sales tax...