Can NBFCs Claim Tax Credit on Recovery Agents? CESTAT Says Yes

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Chennai Bench, has ruled that non-banking financial companies (NBFCs) are entitled to claim CENVAT credit...

CBDT Clarifies Authority for Condonation of Delay in Form 10A Filings

The Central Board of Direct Taxes (CBDT) has clarified that the jurisdictional Principal Commissioner of Income Tax (PCIT) or Commissioner of Income Tax (CIT) are responsible for condoning delays in filing Form 10A under the provisions of the Income Tax Act, 1961.The circular...

No Right to Appointment from Unfilled Vacancy Due to Non-Joining: Supreme Court

The Supreme Court has ruled that a candidate cannot claim appointment to a government...

Relaxation in TET Doesn’t Bar Reserved Candidates from Open Category Selection Based on Merit: Supreme Court 

The Supreme Court has held that candidates belonging to reserved categories who avail relaxation...

Can NBFCs Claim Tax Credit on Recovery Agents? CESTAT Says Yes

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

Cost-Sharing in Joint Advertising Is Not Taxable as ‘Sponsorship Service’: CESTAT

The Chennai Bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has clarified...

CESTAT Dismisses Sun Pharma Appeal on Drawback Recovery, Cites Lack of Jurisdiction Under Customs Act

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

No Time Bar on Refund of Service Tax for Services Not Rendered: CESTAT  Remands Indiabulls Case for Unjust Enrichment Check

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi while remanding the...

JurisHour Exclusive Live Coverage Of Budget for FY 2026–27

Finance Minister Nirmala Sitharaman arrived at Kartavya Bhawan at the Finance Ministry on Saturday, marking a significant moment ahead of the presentation of the...

How You Can Save Up To 13% GST On Wedding Venues?

Planning a big Indian wedding often begins with locking in the venue and caterer....

RBI Tightens Bank Lending Norms for Stock Brokers

In a major regulatory move, the Reserve Bank of India (RBI) has unveiled a...

Freight Margin on Cargo Space Not Taxable: CESTAT

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

CCI | GST | Direct Tax

CCI Approves Acquisition Of Jaiprakash Associates By Vedanta 

The Proposed Combination envisages acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited (Acquirer)...

CCI Dismisses Complaint Against Microsoft for Bundling Antivirus Software Microsoft Defender with Windows

The Competition Commission of India (CCI) has  dismissed the complaint Against Microsoft for Bundling...

Every IP Dispute Can’t Be Converted Into Competition Dispute: Delhi High Court

The Delhi High Court stated that every IP dispute can't be converted into a...

Whether Swiggy Can Share Confidential Data With Restaurant Association? Karnataka High Court Directs CCI To Decide Afresh

The Karnataka High Court directed Competition Commission of India to decide afresh whether swiggy...

Cost-Sharing in Joint Advertising Is Not Taxable as ‘Sponsorship Service’: CESTAT

The Chennai Bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has clarified...

Arrest Held Illegal for Recording ‘Reasons to Believe’ After Authorization Under CGST Act: Allahabad High Court Orders Immediate Release

The Allahabad High Court has ordered the immediate release of a GST accused, holding...

Documentary Nature of Evidence: Allahabad High Court Grants Bail in Rs. 32.66 Crore Fake ITC Fraud Case

The Allahabad High Court has granted bail to Vikas Singh, who was accused of...

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

Can NBFCs Claim Tax Credit on Recovery Agents? CESTAT Says Yes

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Chennai Bench, has ruled that non-banking financial companies (NBFCs) are entitled to claim CENVAT credit on services provided by recovery agents. The  bench of Ajayan T.V. (Judicial Member) and M. Ajit Kumar (Technical Member) has observed...

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...

JurisHour Exclusive Live Coverage Of Budget for FY 2026–27

Finance Minister Nirmala Sitharaman arrived at Kartavya Bhawan at the Finance Ministry on Saturday,...

LIVE | Gyanotsav 2026 Day 2: A Power-Packed Knowledge Marathon After a Blockbuster Opening Day

After a high-octane first day marked by back-to-back banger sessions, thought-provoking discussions and an...

Latest Articles

18% GST Payable On Labour Service At Construction Work: AAR

The Rajasthan Authority of Advance Ruling (AAR) has ruled that 18% Goods and Service...

Customs Dept. Seizes Buffalo Meat Consignments; Disposal Procedure To Be Completed Within 1 Month: Kerala HC

The Kerala High Court has directed that the buffalo meat consignments seized by the...

Create Gender Neutral Column In Birth Certificate Of A Child Born To Transgender Parents: Kerala High Court

The Kerala High Court has gratended two months time to the  Kozhikode Corporation to...

Service Tax Law And Cenvat Credit Rules Doesn’t Specify Time Limit For Which Input Service Invoices Are To Be Maintained: CESTAT

The Mumbai Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) while allowing...

Purchasing Dealer Can’t Be Denied GST ITC For Selling Dealer’s Default: Allahabad High Court 

The Allahabad High Court while remanding the matter back held that the purchasing dealer...

T. Rabi Sankar Appointed as a part-time Member of the Sixteenth Finance Commission: FinMin 

The Ministry of Finance has notified the appointment of T. Rabi Sankar as a...

SEZ Rules 2025 Notified To Boost Semiconductor Manufacturing and Ease Land Norms

The Ministry of Commerce has notified the Special Economic Zones (Amendment) Rules, 2025 (SEZ...

Justice Yashwant Varma Faces Impeachment Threat in Monsoon Session Over Corruption Allegations

Justice Yashwant Varma of the Allahabad High Court is facing possible impeachment in the...

CGST Faridabad Late-Night Strike on unregistered premises Uncovers Rs. 5 Crore Tax Evasion in Pan Masala Racket Across Delhi-NCR

The Central Goods and Services Tax (CGST) Commissionerate, Faridabad, carried out a late-night operation...

Is GST Payable On Sale Of Electricity By Private Person? 

Short answer: the applicability of Goods and Service Tax (GST) on the  sale of...

How to Invest in US Stocks from India?

Investing in international markets is no longer a luxury limited to NRIs or global...

CESTAT Weekly Flashback: 01 To 07 June 2025

Customs, Excise and Service Tax Appellate Tribunal (CESTAT) Weekly Flashback for the period 01...