JURISHOUR | TAX LAW DAILY BULLETIN : 20 AUGUST, 2026

Here’s the Tax Law Daily Bulletin for  August 20, 2026. GST GSTAT ADMITS DISPUTE OVER INTEREST ON DELAYED REFUND, EXAMINES WHETHER 60-DAY PERIOD RUNS FROM ORIGINAL...

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...

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...

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...

JURISHOUR | TAX LAW DAILY BULLETIN : 20 AUGUST, 2026

Here’s the Tax Law Daily Bulletin for  August 20, 2026. GST GSTAT ADMITS DISPUTE OVER INTEREST...

Rajasthan HC Quashes GST Mining Royalty Assessment Orders

The Rajasthan High Court has granted substantial relief in a dispute concerning the levy...

Kolkata Customs Seizes USD 1.30 Lakh from 2 Indian Passengers at NSCBI Airport

Kolkata Customs’ Air Intelligence Unit (AIU) intercepted two Indian passengers at Netaji Subhas Chandra...

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...

S. 148 Notice Mandatory for Pre-Search Year After Post-2021 Search: ITAT Quashes Search-Year Assessment

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has quashed an assessment for Assessment...

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)...

Rajasthan HC Quashes GST Mining Royalty Assessment Orders

The Rajasthan High Court has granted substantial relief in a dispute concerning the levy...

Procedural E-Way Bill Lapse Alone Can’t Justify Penalty Where Genuine Transaction and Absence of Tax Evasion Are Established: GSTAT

The GST Appellate Tribunal (GSTAT), Lucknow Bench has held that procedural e-way bill lapse...

Toll Plaza Data Not Mandatory for ITC Refund: GSTAT

The Goods and Services Tax Appellate Tribunal (GSTAT), Kolkata Bench, has held that toll...

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

Kolkata Customs Seizes USD 1.30 Lakh from 2 Indian Passengers at NSCBI Airport

Kolkata Customs’ Air Intelligence Unit (AIU) intercepted two Indian passengers at Netaji Subhas Chandra Bose International Airport (NSCBI Airport), Kolkata, on August 19, 2026, in connection with a suspected foreign-currency violation. The passengers were intercepted while travelling on Flight TG 314 operating from Kolkata (CCU)...

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

5% GST Payable On Supply Of Imitation Zari Thread: AAR

The Gujarat Authority of Advance Ruling (AAR) had held that 5% GST is applicable...

GST Registration Cancelled Without Considering COVID-Period Default: Delhi HC Says Appeal Can’t Be Dismissed Solely on Limitation 

In a significant relief to a taxpayer whose Goods and Services Tax (GST) registration...

PCIT Sanction Sufficient For Tax Evasion Exceeding Rs. 25 Lakhs; No Need for Collegium Approval: Delhi HC

The Delhi High Court while upholding the validity of Circular No. 5/2020 dated 23.01.2020...

DGGI | Meerut Court Refuses Bail To Person Accused Of Availing Fraudulent ITC Through Non-Existent Firm

The Meerut Court has refused to grant bail to the person, Hari Shankar Sharma accused...

ITC Can’t Be Availed On Tax paid Against Customs Pre-Notice Consultation: AAR

The Gujarat Authority of Advance Ruling (AAR) has held that Input Tax Credit (ITC)...

CBDT Elevates Five Senior IRS Officers to Chief Commissioner Rank for 2025 Panel Year

The Central Board of Direct Taxes (CBDT) has announced the promotion of five senior...

Exotic Wildlife Smuggling Bid Foiled by Trichy Customs; Rare Animals Seized from Bangkok Passenger

Trichy Customs officials intercepted a passenger arriving from Bangkok and recovered several exotic and...

Trichy Customs Seizes 5,061 Exotic Turtles Smuggled from Kuala Lumpur

The Customs Preventive wing at Tiruchirappalli International Airport seized 5,061 exotic red-eared slider turtles...

8th Central Pay Commission Formally Constituted; Recommendations Expected Within 18 Months

The Union Ministry of Finance has confirmed the formal constitution of the 8th Central...

Delhi Customs Seizes 13.1 kg Ganja at IGI Airport; Passenger Arrested

The Air Intelligence Unit (AIU) of Delhi Customs at Indira Gandhi International Airport seized...

ED Files Supplementary Prosecution Complaint in Alleged Reliance Power Fake Bank Guarantee Case

The Enforcement Directorate (ED) has filed a supplementary prosecution complaint in the ongoing investigation...