Direct Tax
Bombay High Court Admits Key Transfer Pricing Questions on Aggregating Domestic and International Transactions Under TNMM
The Bombay High Court has admitted a department appeal raising important questions concerning the manner in which international transactions are to be benchmarked under...
Notification
DGFT Revises Import Policy for Clear Float Glass; Imports Below Rs. 34,000 Per MT CIF Value Restricted
The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, has amended the import policy and policy conditions governing clear float glass of thickness 4 mm to 12 mm falling under ITC (HS) Codes 70051090 and 70052990. The government has shifted...
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
Bombay High Court Admits Key Transfer Pricing Questions on Aggregating Domestic and International Transactions Under TNMM
The Bombay High Court has admitted a department appeal raising important questions concerning the...
Indirect Taxes
Importers Liable for Customs Duty Benefits Availed Through Manipulated Scrips: Delhi High Court
The Delhi High Court has ruled that importers cannot escape customs duty liability by...
GST
DGGI Meerut | Allahabad High Court Grants Bail in ₹293.68 Crore Fake ITC Case
The Allahabad High Court has granted bail to an accused in a major Goods...
GST
GST Penalty Proceedings Must Be U/s 129(1)(a) Where Goods Are Accompanied by Tax Invoice: Allahabad High Court
The Allahabad High Court has partly allowed a writ petition concerning detention of goods...
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
S. 68 Can’t Be Used to Tax Rs. 10 Crore Advance in Wrong AY: Delhi High Court
The Delhi High Court has rejected the Income Tax Department’s appeal against an order...
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
Deputy Commissioner Competent to Issue GST Penalty Notice U/s 122: Allahabad High Court
The Allahabad High Court has declined to interfere with a GST penalty proceeding challenged...
GST
DGGI Meerut | Allahabad High Court Grants Bail in ₹293.68 Crore Fake ITC Case
The Allahabad High Court has granted bail to an accused in a major Goods...
GST
GST Penalty Proceedings Must Be U/s 129(1)(a) Where Goods Are Accompanied by Tax Invoice: Allahabad High Court
The Allahabad High Court has partly allowed a writ petition concerning detention of goods...
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
Importers Liable for Customs Duty Benefits Availed Through Manipulated Scrips: Delhi High Court
The Delhi High Court has ruled that importers cannot escape customs duty liability by claiming to be bona fide purchasers where transferable duty-credit scrips used for payment of customs duty were found to have been fraudulently manipulated. The bench of Justice Anil Khetarpal and Justice...
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
FM Sitharaman Launches Forex Currency Settlement System, Calls For Responsible AI-driven Fintech
Union Finance Minister Nirmala Sitharaman on Tuesday announced the launch of the Foreign Currency...
Notification
Zero Balance Savings Accounts Proposed By RBI
The Reserve Bank of India (RBI) has proposed sweeping reforms to the framework governing...
Other Laws
Punjab and Haryana High Court Issues Notice Over Alleged Misrepresentation of LLB (Hons.) Degree
The Punjab and Haryana High Court has issued a notice to the Union of...
Indirect Taxes
Bombay HC Criticises DRI Officer For Illegally Recalling Cleared Dry Dates By Threatening Customs Broker
The Bombay High Court has criticised the Directorate of Revenue Intelligence (DRI) Officer for...
Indirect Taxes
Wintrack Shuts India Operations Citing Corruption in Customs: What Experts Think
In yet another blow to India’s “Ease of Doing Business” narrative, Wintrack Inc., a...
Notification
Govt Exempts Certain Steel Products from Mandatory QCO Compliance Until October 31, 2025
In view of multiple industry representations and following the decision of the competent authority,...
Notification
6 Senior IRS Officers Promoted as Principal Chief Commissioners and Principal Director Generals in CBIC
The Central Board of Indirect Taxes and Customs (CBIC), under the Department of Revenue,...
Company & PMLA
Supreme Court Hears Plea Seeking Probe into Alleged Financial Irregularities by Indiabulls Housing Finance Ltd.
The Supreme Court of India on Tuesday heard a high-profile plea seeking a probe...
Direct Tax
Kerala HC Says Remand on Deemed Dividend Issue to Be Open; Assessee Entitled to Contest Applicability of Section 68
The Kerala High Court has clarified that a remand ordered by the Income Tax...
Other Laws
Mission Ambedkar’s Founder Seeks Criminal Contempt Action Over Threats to CJI BR Gavai
The founder of Mission Ambedkar, Suraj Kumar Bauddh, has formally written to Attorney General...
Other Laws
Supreme Court Quashes Rape Case Against Tamil Director Seeman After Mutual Settlement
The Supreme Court quashed the rape case filed by a Tamil actress against director-producer...
Indirect Taxes
SEZ Unit To Refund Concession for Unused or Damaged Goods Under Rule 25: Punjab and Haryana High Court
The Punjab and Haryana High Court has dismissed the SEZ unit’s plea and held...