Indirect Taxes
Services to Singapore Head Office Not ‘Intermediary Services’: CESTAT
The Mumbai Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that services rendered by an Indian banking office to...
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...
Indirect Taxes
Services to Singapore Head Office Not ‘Intermediary Services’: CESTAT
The Mumbai Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
No Separate Service Tax on Credit-Card Interchange Fee Where Tax Is Already Paid on Entire MDR: CESTAT
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Mumbai Regional Bench, has set...
GST
Disputed GST Fraud Allegations Require Investigation: Punjab and Haryana High Court Makes Interim Bail Absolute in Alleged Fraud and GST Fraud Case
The Punjab and Haryana High Court has made absolute the interim anticipatory bail granted...
Indirect Taxes
Delhi High Court Declines to Examine Customs Record Interpolation Plea, Directs Petitioner to Avail CESTAT Remedy
The Delhi High Court has declined to exercise its writ jurisdiction over a challenge...
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...
Direct Tax
TDS Credit Can’t Be Denied Merely Because Deductor Failed to Deposit Tax; Form 16 Not Mandatory Proof: Bombay High Court
The Bombay High Court has held that TDS credit can’t be denied merely because...
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
Disputed GST Fraud Allegations Require Investigation: Punjab and Haryana High Court Makes Interim Bail Absolute in Alleged Fraud and GST Fraud Case
The Punjab and Haryana High Court has made absolute the interim anticipatory bail granted...
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)...
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
Services to Singapore Head Office Not ‘Intermediary Services’: CESTAT
The Mumbai Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that services rendered by an Indian banking office to its Singapore head office in connection with External Commercial Borrowings (ECB) could not be treated as intermediary services merely because...
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
Notification
ICAI Postpones Of Paper-5 of CA Intermediate Examination
The Institute of Chartered Accountants of India (ICAI) has postponed the CA Intermediate Examination,...
Company & PMLA
RoC Slaps Rs. 3.5 Lakh Penalty for Failure to Maintain Audit Trail in Accounting Software
The Registrar of Companies (RoC), Ahmedabad, has imposed a cumulative penalty of ₹3.5 lakh...
Indirect Taxes
Extended Limitation Can’t Be Invoked After Departmental Audit: CESTAT
The Allahabad Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
Postal Exports Get Major Boost as Government Aligns Them with Cargo Shipments
The Union Government has overhauled customs procedures to place exports made through the postal...
Indirect Taxes
Extended Period Of Limitation Can’t Be Invoked By Merely Citing ITR–Form 26AS Mismatch: CESTAT
The Allahabad Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
Assessee Can’t Contradict ST-3 Returns and Audited Balance Sheet: CESTAT Upholds Service Tax Demand
The Allahabad Bench Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has dismissed the...
GST
GST Best Judgment Assessments Deemed Withdrawn Once Returns Filed Within Extended Time Under Section 62(2): Andhra Pradesh HC
The Andhra Pradesh High Court has held that best judgment assessment orders passed for...
GST
GST Appeal Limitation | Appellate Authority Powerless to Condone Delay Beyond Statute, But Writ Court Can: Rajasthan HC
The Rajasthan High Court, Jaipur Bench has held that while appellate authorities are bound...
Direct Tax
Reassessment Invalid if Initiated Against Individual but Finalised as AOP: ITAT Quashes Rs. 1.08 Crore Addition
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a reassessment...
Indirect Taxes
Service Tax Adjudication Can’t Continue Against Deceased Assessee: Orissa HC Quashes Demand Raised in Dead Person’s Name
The Orissa High Court has quashed a service tax demand raised against a deceased...
Indirect Taxes
MEIS–Cess Dispute Falls Within Supreme Court’s Exclusive Jurisdiction: Calcutta HC Declines Customs Appeal
The Calcutta High Court has dismissed two appeals filed by the Commissioner of Customs,...
Indirect Taxes
Export Duty on Iron Ore Must Be Based on Wet Metric Tonne for Pre-2022 Shipments: Orissa High Court
The Orissa High Court has held that export duty on iron ore must be...