Direct Tax
Can Commercial Vehicles Qualify for 50% Depreciation? Delhi ITAT Follows Consistent Precedent in Favour of Assessee
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed an appeal concerning the tax assessment of International Tractors Ltd. for...
Notification
Taxation and Other Laws Amendment Bill, 2026 Proposes Major Tax Reliefs for Foreign Funds, Diamonds and Electronics
The Taxation and Other Laws (Amendment) Bill, 2026 proposes a series of significant amendments to the Income-tax Act, 2025, the Finance Act, 2026 and the Payment and Settlement Systems Act, 2007. The measures are aimed at providing greater tax certainty, promoting fund-management activity in...
Other Laws
CA, CS, CMA Vs Advocates: Delhi HC Asks BCI To Clarify Its Plea Restricting Non-Advocates From Appearing Before Authorities
The Delhi High Court has sought further clarity in a long-running legal dispute concerning...
Other Laws
Court Directs CBI to File Reply to Rajesh Bothra’s Discharge Application against Alleged Fake Bills of Lading in Rotomac Bank Fraud Case
Court hearing the Rotomac Exim bank fraud case has directed the Central Bureau of...
Direct Tax
Can Commercial Vehicles Qualify for 50% Depreciation? Delhi ITAT Follows Consistent Precedent in Favour of Assessee
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed an...
GST
Madras High Court Remits GST Demand for Fresh Adjudication After Taxpayer Claims It Was Unaware of SCN Following Business Closure
The Madurai Bench of the Madras High Court has remitted a GST demand order...
GST
Can Anticipatory Bail Be Sought Against Apprehended GST Arrest Without FIR? Karnataka HC Relies on Supreme Court Ruling
The Karnataka High Court has held that a person facing a genuine and reasonable...
GST
No Jurisdictional Bar U/s 6(2)(b) in Parallel CGST SGST Proceedings: Delhi High Court Refuses to Bypass GST Appeal Remedy
The Delhi High Court has declined to entertain a writ petition challenging a GST...
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
AO Can’t Reject Recognised Valuation Method Merely Because It Was Not Yet Notified: Delhi High Court Upholds DCF Valuation of Shares
The Delhi High Court has dismissed an Income Tax Department appeal challenging the valuation...
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
Madras High Court Remits GST Demand for Fresh Adjudication After Taxpayer Claims It Was Unaware of SCN Following Business Closure
The Madurai Bench of the Madras High Court has remitted a GST demand order...
GST
Can Anticipatory Bail Be Sought Against Apprehended GST Arrest Without FIR? Karnataka HC Relies on Supreme Court Ruling
The Karnataka High Court has held that a person facing a genuine and reasonable...
GST
No Jurisdictional Bar U/s 6(2)(b) in Parallel CGST SGST Proceedings: Delhi High Court Refuses to Bypass GST Appeal Remedy
The Delhi High Court has declined to entertain a writ petition challenging a GST...
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
Interest on Delayed Duty Drawback Runs From 1 Month After ‘Let Export Order’, Not Final Adjudication: Delhi High Court
The Delhi High Court has held that interest on delayed payment of duty drawback under Section 75A of the Customs Act, 1962 becomes payable upon expiry of one month from the date on which the exporter’s shipping bill is deemed to constitute a drawback...
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
Other Laws
Supreme Court Backs CJI’s Power to Probe Judges, Upholds In-House Mechanism in Burnt Cash Row
The Supreme Court has upheld the constitutional validity of the In-House Procedure for examining...
Other Laws
Supreme Court Quashes Gender-Based Reservation in Army JAG Recruitment, Orders Unified Merit List
The Supreme Court has struck down the Indian Army’s practice of reserving separate Judge...
GST
Orissa HC Sends Blocked ITC Dispute to Adjudicating Authority, Clarifies ‘Entitlement’ vs ‘Entitled’ Distinction
The Orissa High Court has sent the blocked-credit dispute to adjudicating authority and clarified...
GST
Karnataka Sees Record GST Evasion Spike in FY 2025
Karnataka witnessed an unprecedented rise in Goods and Services Tax (GST) evasion detected by...
GST
Return of Seized Shark Fins: Madras High Court Cites Lack of Evidence for Wildlife Act Violation
The Madurai Bench of the Madras High Court has set aside a Ramanathapuram Judicial...
Direct Tax
Non-Payment Of Advocate’s Fee By Income Tax Dept. | Calcutta HC Dismisses Delayed Dept. Appeal
The Calcutta High Court has come down sharply on the Income Tax Department for...
Direct Tax
Time-Barred Reassessment Notice in MCX Trading Case Quashed: Calcutta High Court
The Calcutta High Court has a reassessment notice issued under Section 148 of the...
Direct Tax
Co-op Bank’s Interest on Surplus Funds Qualifies for S. 80P Tax Deduction: Calcutta HC
The Calcutta High Court has held that the interest earned by the West Bengal...
Direct Tax
Form No. 35 for CIT(A) Appeals : Filing Became More Detailed, Time-Consuming
The Income Tax Department has introduced significant changes to Form No. 35 — the...
GST
DGGI Flags 6 Online Gaming Platforms for Tax Evasion, Issues Takedown Notice to Google
The Directorate General of GST Intelligence (DGGI) has issued a takedown notice to Google,...
Notification
Parliamentary Panel Urges ‘Time-Bound’ Plan to Operationalise GSTAT Benches Nationwide
A parliamentary committee has called on the finance ministry to adopt a “time-bound” strategy...
International Taxation
India Assesses Impact of US Tariff Hike; 55% of Exports to Face 25% Duties
The Department of Commerce has begun consultations with exporters, industry representatives, and other stakeholders...