S. 80P(2)(d) Deduction Allowable On Interest Earned By Cooperative Housing Society From Cooperative Banks: ITAT

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has allowed the appeal holding that interest income earned by the cooperative housing society from deposits...

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...

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...

S. 80P(2)(d) Deduction Allowable On Interest Earned By Cooperative Housing Society From Cooperative Banks: ITAT

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has allowed the appeal holding that...

Deposited TDS Can’t Continue as Principal Liability: ITAT Directs Fresh Verification of Interest and REC Registration Charges

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has set aside key aspects of...

CWIP Accounting Doesn’t Determine Tax Character of Operational Expenditure; ITAT Rejects Rs. 66.65 Crore TDS Disallowance on Telecom Payments

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that  Capital...

CESTAT Denies Service Tax Exemption on Rent to Educational Entity for Failure to Prove Tenant’s Educational Status

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), New Delhi has held that...

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...

Rejection of GST Refund Can’t Automatically Bar Deduction as Business Expenditure Under Income Tax Act: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...

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)...

GST Rectification Order Not Communicated to Taxpayer: Orissa High Court Quashes Rejection Citing Record Discrepancies

The Orissa High Court has set aside a GST authority’s order rejecting an application...

GST ITC Distribution Can’t Be Tied Solely to Invoice Date: Supreme Court to Examine When Credit Becomes Legally Available

The Supreme Court is set to examine a significant GST dispute concerning the precise...

Supreme Court Dismisses GST Dept.’s Challenge Over Rs. 70.09 Lakh Refund Due to 394-Day Delay; Keeps Rule 90(2) Interpretation Open

The Supreme Court has dismissed the Special Leave Petitions filed by the Commissioner 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

CESTAT Denies Service Tax Exemption on Rent to Educational Entity for Failure to Prove Tenant’s Educational Status

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), New Delhi has held that the benefit of the service tax exemption under Clause 9(b) of Notification No. 25/2012-ST dated June 20, 2012 cannot be claimed merely because leased premises were allegedly used for educational...

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

DRI Probes Adani Defence for Rs. 77 Crore Import Duty Evasion on Missile Parts

The Directorate of Revenue Intelligence (DRI) has initiated an investigation into Adani Enterprises’ defence...

CESTAT Mandates E-Filing Of Appeal From November 15, 2025

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has mandated the e-filing of...

18% GST On Rapigro, A Plant Growth Regulator: AAAR

The Gujarat Appellate Authority of Advance Ruling (AAAR) has held that 18% GST is...

ITC Admissible On Electrical Equipment Installed Outside Factory Premises, GST Dept’s Appeal Rejected: AAAR

The Gujarat Appellate Authority of Advance Ruling (AAAR) has rejected the GST department’s appeal...

GST ITC Not Allowable On Mutual Fund Subscription & Redemption: AAAR

The Gujarat Appellate Authority of Advance Ruling (AAAR) has upheld the AAR’s ruling by...

No GST ITC On Expenses Incurred On Buy-Back Of Shares: AAAR

The Gujarat Appellate Authority of Advance ruling (AAAR) has upheld the AAR’s ruling and...

Trust Imparting Education, Can’t Be Denied 12AB Registration For Favoring Marwari Students: ITAT

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that trust imparting...

Customs Dept. Must Challenge Importer’s Self-Assessment Of Bills Of Entry Under Section 128 or Accept It: Tripura High Court

The Tripura High Court has held that the customs dept. must challenge importer’s self-assessment...

Gold Smuggling : Delhi HC Waives Pre-Deposit Requirement for Suspended Assam Rifles Sepoy 

The Delhi High Court has waived the pre-deposit requirement for suspended Assam Rifles Sepoy,...

Gadkari’s Son’s CIAN Agro Industries Scales New Peak: Buy, Hold, or Exit?

CIAN Agro Industries & Infrastructure owned by Nitin Gadkari’s sons, Nikhil Gadkari has hit...

Bombay High Court Quashes CESTAT’s Order Citing Huge Delay

The Bombay High Court at Goa has quashed the order passed by the Customs,...