Direct Tax
Assessee Must Be Informed Whether Penalty Is for Concealment of Income or Furnishing Inaccurate Particulars: Delhi High Court
The Delhi High Court has held that a penalty under Section 271(1)(c) of the Income Tax Act, 1961 cannot be sustained when the Assessing...
Notification
Income Tax Dept. Launches Nationwide Verification of Suspicious Foreign Remittances
The Income Tax Department has launched a nationwide verification exercise into suspicious foreign remittances after its data analysis and ground intelligence identified several entities that allegedly remitted substantial amounts of foreign exchange abroad despite having limited or apparently inconsistent financial profiles.The exercise, announced by...
Other Laws
Supreme Court Imposes Rs. 10 Lakh Costs On Reliance Industries
The Supreme Court upheld the Bombay High Court’s approach and imposed costs of ₹10...
Other Laws
Karnataka HC Records ASG Assurance That CISF Will Furnish Complete CCTV Footage to Ranya Rao in Gold Smuggling Case
The Karnataka High Court has recorded an assurance from Additional Solicitor General Arvind Kamath...
Direct Tax
Assessee Must Be Informed Whether Penalty Is for Concealment of Income or Furnishing Inaccurate Particulars: Delhi High Court
The Delhi High Court has held that a penalty under Section 271(1)(c) of the...
Indirect Taxes
FTWZ-to-DTA Clearance of Concessionally Imported Oilfield Equipment Is Fresh Import: Delhi High Court Denies Re-Import Exemption
The Delhi High Court has ruled that equipment initially imported into India at a...
GST
Supreme Court Issues Notice on Retrospective GST Penalty Challenge; Stays Coercive Action
The Supreme Court has issued notice in a significant Goods and Services Tax (GST)...
Supreme Court
Rejection of S. 156(3) Application Does Not Bar Subsequent FIR: Supreme Court
The Supreme Court has held that rejection of an application under Section 156(3) of...
Live Updates
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...
Money Hacks
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...
Money Hacks
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...
Indirect Taxes
Pendency Of Writ Petition Did Not Bar Customs Adjudication: Delhi High Court
The Delhi High Court has held that pendency of writ petition did not bar...
CCI | GST | Direct Tax
CCI
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...
CCI
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...
CCI
Markets Trade Flat Ahead of Union Budget 2026-27
Equity benchmark indices traded in a narrow range on Sunday morning as investors remained...
CCI
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
CCI Approves Acquisition Of Jaiprakash Associates By Vedanta
The Proposed Combination envisages acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited (Acquirer)...
GST
GSTAT Admits Dispute Over Interest on Delayed Refund, Examines Whether 60-Day Period Runs From Original Refund Application
The Goods and Services Tax Appellate Tribunal (GSTAT), Division Bench, Court No. II, has...
GST
Supreme Court Issues Notice on Retrospective GST Penalty Challenge; Stays Coercive Action
The Supreme Court has issued notice in a significant Goods and Services Tax (GST)...
GST
GST Demand Order Uploaded Only on Common Portal Doesn’t Trigger Appeal Limitation: Delhi High Court
The Delhi High Court has held that where a GST demand order is served...
Direct Tax
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’...
Direct 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...
Direct Tax
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...
Direct Tax
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...
Direct Tax
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...
Direct Tax
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
Indirect Taxes
FTWZ-to-DTA Clearance of Concessionally Imported Oilfield Equipment Is Fresh Import: Delhi High Court Denies Re-Import Exemption
The Delhi High Court has ruled that equipment initially imported into India at a concessional rate for a specific petroleum project, subsequently moved from the Domestic Tariff Area (DTA) to a Free Trade Warehousing Zone (FTWZ), and later brought back into the DTA under...
International Taxation
U.S. Court Clarifies “Processing Operation”: Marketability Transformation Test Shows MOOWR ‘Other Operations’ Not Limited to Manufacturers
The Arizona Supreme Court has held that machinery used in an industrial healthcare textile...
International Taxation
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...
Live Updates
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...
Live Updates
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
Indirect Taxes
Mere Non-Reflection Of Income In ST-3 Doesn’t Amount To Deliberate Suppression, Limitation Period Can’t Be Invoked: CESTAT
The Mumbai Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held...
Notification
CBIC Confirms No GST or Indirect Tax Bills for Budget Session 2026
The Central Board of Indirect Taxes and Customs (CBIC) has informed the Ministry of...
Indirect Taxes
Amazon Web Services’ India Arm Not an ‘Intermediary’; CESTAT Quashes Massive Service Tax Demands on Data Hosting Services
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi while setting aside...
Direct Tax
Bombay High Court Quashes Income Tax Reassessment Notice for Failure to Prove Jurisdiction Transfer
The Nagpur Bench of the Bombay High Court has quashed a reassessment notice issued...
Notification
ICAI Reschedules CA Intermediate Group II Auditing & Ethics Paper to January 31, 2026
The Institute of Chartered Accountants of India (ICAI) has officially announced a revised schedule...
Indirect Taxes
Non-Mention of Serial Numbers in Pre-2015 Watch Imports Can’t Prove Smuggling: CESTAT Quashes Confiscation of 838 Luxury Watches
The New Delhi Principal Bench of the Customs, Excise & Service Tax Appellate Tribunal...
GST
TN GST Seizes Rs. 1.5 Cr Illegal Adult Toy Consignment, Raises Questions on Port-Level Customs Clearance
A Rs. 1.5 crore-plus consignment of adult toys, packed in obscene and nude packaging...
Direct Tax
CBDT Clarifies: Past Tax Assessments to Remain Closed After Supreme Court’s Tiger Global Ruling
In a move aimed at preserving investor confidence and ensuring certainty in tax administration,...
Direct Tax
Supreme Court Directs PIL Petitioner to ‘Place on Record Income-Tax Returns for the Last 5 Years’ Before Considering Costs
In a significant order underscoring its intolerance towards frivolous public interest litigations (PILs), the...
Direct Tax
Rs. 2 Lakh Cost Imposed On Income Tax Dept.: Delhi HC Quashes Reassessment Notices Against NDTV Founders
The Delhi High Court on Monday quashed reassessment notices issued against NDTV founders Prannoy...
Indirect Taxes
Customs Act | Calcutta HC Grants Conditional Bail After Allowing DRI Time for Joint Interrogation
The Calcutta High Court has directed the release of an accused in a customs...
GST
Accused Not Entitled to Discretion in Serious Economic Offences: Rajasthan HC Denies Bail in Rs. 706 Crore GST Evasion Case
The Rajasthan High Court has refused to grant bail to Manoj Vijay, an accused...