Delayed Payment Charges On Stock Broking Advances Are Interest, Not Taxable Service: CESTAT

The Hyderabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that delayed payment charges collected by a stock broker...

Assam Cabinet Clears Draft Uniform Civil Code Bill; To Be Tabled In Assembly On May 26

The Assam Cabinet on Wednesday approved the draft Uniform Civil Code (UCC) Bill, paving the way for its introduction in the state Assembly on May 26. Chief Minister Himanta Biswa Sarma said the proposed legislation has been specifically tailored to Assam’s unique demographic and...

Contractual Appointment Against Regular Vacancy “Patently Illegal” : Supreme Court Orders Regular Appointment of Assistant Professor

The Supreme Court has held that appointing a candidate on a contractual basis against...

Supreme Court Upholds Arbitration Clause Incorporated Through Reference in Redevelopment Agreements

The Supreme Court has held that an arbitration clause contained in an earlier development...

Delayed Payment Charges On Stock Broking Advances Are Interest, Not Taxable Service: CESTAT

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

Mixed Iron Ore Consignments To Be Treated As Iron Ore Fines: CESTAT 

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

Relief To HAL | Technology Transfer for SU-30 MKI Project Not Taxable as ‘Scientific and Technical Consultancy Service’: CESTAT

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

Police Dept. Not Liable To Pay Service Tax On Security Services Rendered To Banks: CESTAT

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

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...

Top 10 Cashback UPI Apps in India (2026)

India’s Unified Payments Interface (UPI) has transformed the digital payment ecosystem by enabling instant...

10 Best Cryptocurrency Apps in India with Low Fees (2026 Edition)

With cryptocurrency adoption steadily rising in India, choosing the right trading app has become...

ITC Blocking Without Reasoned Order Violates Rule 86A; Punjab & Haryana HC Directs Release of Credit

The Punjab and Haryana High Court has held that the blocking of Input Tax...

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...

ITC Blocking Without Reasoned Order Violates Rule 86A; Punjab & Haryana HC Directs Release of Credit

The Punjab and Haryana High Court has held that the blocking of Input Tax...

Allahabad HC Refuses Bail To CGST Superintendent In Rs. 70 Lakh Bribery Case 

The Allahabad High Court has rejected the bail plea of CGST Superintendent Anil Kumar...

S. 130 Can’t Be Invoked Without Prior Tax Determination U/s 73/74: Allahabad High Court Quashes GST Confiscation Proceedings

The Allahabad High Court has set aside confiscation proceedings initiated holding that authorities cannot...

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

Delayed Payment Charges On Stock Broking Advances Are Interest, Not Taxable Service: CESTAT

The Hyderabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that delayed payment charges collected by a stock broker from clients for delayed settlement of share purchase amounts cannot automatically be treated as consideration for “tolerating an act” under...

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...

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Trump’s 25% Tariff + Penalty Is Blackmail — India Must Retaliate, Says Ex-Finance Chief

In a scathing response to U.S. President Donald Trump’s bombshell move to slap 25%...

Trump scraps US $800 de minimis exemption: A major blow to India’s e‑commerce exports

On July 30, 2025, U.S. President Donald Trump signed an executive order ending the longstanding de...

ICAI Releases 2025 Edition of Tax Audit Guidance Note with Major Revisions to Form 3CD and Turnover Rules

The Institute of Chartered Accountants of India (ICAI) has officially released the Tenth Edition...

Customs Dept. To Do Some More Homework To Secure Stay In RoDTEP Classification Dispute: CESTAT

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

Kerala Becomes First State to Pilot ‘Faceless Adjudication’ System for GST from August 1

The State Goods and Services Tax (SGST) department in Kerala has launched a pilot...

Sensex Crashes as Trump Slaps 25% Tariff on India

The Indian stock market faced significant volatility following U.S. President Donald Trump’s announcement of...

Understanding Tax Concepts in India

Taxation is the backbone of a nation's economic structure, enabling the government to fund...

US-Pakistan Bromance | Trump’s Tariffs Deliver Economic Jolt to India

The long-standing strategic relationship between India and the United States is showing signs of...

2008 Malegaon Blast Verdict: All 7 Accused Acquitted as Court Flags “No Credible Evidence”

A Special NIA Court in Mumbai acquitted all seven accused in the 2008 Malegaon...

HRA Exemption Option Disabled in ITR-2; Income Tax Dept. Comes Up with Solution Amid Taxpayer Alarm

Juris Hour reported that the House Rent Allowance (HRA) exemption option was disabled in...

LIVE Updates | Trump Targets India-Russia Ties, Slaps 25% Tariffs on Indian Imports

In a sharp escalation of trade tensions, U.S. President Donald Trump launched a scathing...