Direct Tax
S. 54 Exemption Can’t Be Claimed When New Residential Property Is Purchased Solely in Wife’s Name: Punjab & Haryana High Court
The Punjab and Haryana High Court has held that an assessee cannot claim capital gains exemption under Section 54 of the Income Tax Act,...
Notification
CBIC Cadre Management Under Scrutiny: Why Officers from 1997 to 2008 Batches Are Now in Commissioner Grade?
A striking feature of the current cadre structure of the Central Board of Indirect Taxes and Customs (CBIC) has drawn attention within the indirect-tax administration: officers belonging to batches ranging from 1997 to 2008 of the Indian Revenue Service (Customs & Indirect Taxes) are...
Other Laws
Appellate Court Can’t Remand Criminal Appeal Merely for Re-Appreciation of Evidence; Must Decide Appeal on Merits: Rajasthan High Court
The Rajasthan High Court has held that an appellate court cannot remand a criminal...
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...
Direct Tax
S. 54 Exemption Can’t Be Claimed When New Residential Property Is Purchased Solely in Wife’s Name: Punjab & Haryana High Court
The Punjab and Haryana High Court has held that an assessee cannot claim capital...
Direct Tax
Draft Order Can’t Be Treated as Final: Punjab & Haryana HC Quashes Income Tax Demand Based on Draft Assessment Order
The Punjab & Haryana High Court has quashed an income-tax demand and penalty proceedings...
GST
S. 129 Penalty Can’t Be Imposed on Stock Transfer Without E-Way Bill: GSTAT
The Goods and Services Tax Appellate Tribunal (GSTAT), Thiruvananthapuram Bench, has held that penalty...
GST
S. 129(3) Seven-Day Deadline Mandatory, GSTAT Quashes GST Penalty Passed After 47 Days
The Goods and Services Tax Appellate Tribunal (GSTAT), Thiruvananthapuram Bench, has held that the...
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
Retrospective Tax Amendment Can’t Be Used to Reopen Concluded Tribunal Order: ITAT
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that a...
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
S. 129 Penalty Can’t Be Imposed on Stock Transfer Without E-Way Bill: GSTAT
The Goods and Services Tax Appellate Tribunal (GSTAT), Thiruvananthapuram Bench, has held that penalty...
GST
S. 129(3) Seven-Day Deadline Mandatory, GSTAT Quashes GST Penalty Passed After 47 Days
The Goods and Services Tax Appellate Tribunal (GSTAT), Thiruvananthapuram Bench, has held that the...
GST
OIDAR Service Appeals Must Be Heard by Principal Bench, Transfers Rs. 1.36 Lakh IGST Dispute to Delhi: GSTAT
The GST Appellate Tribunal (GSTAT), Delhi State Bench, has held that appeals involving Online...
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
CESTAT Allows 12% Interest on Refund of Service Tax Paid by Mistake of Fact
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Allahabad Regional Bench, has held that an assessee is entitled to interest at 12% on the refund of an amount paid as Service Tax by mistake of fact, directing that such interest be calculated from...
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
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...
Notification
Tweaks for Businesses and Investors In Income Tax Bill 2025
Investors and entrepreneurs have welcomed the updated Income Tax Bill, 2025, tabled in Parliament...
Notification
New Income Tax Bill 2025 Simplifies Slabs, Enhances Rebate for Middle-Class Earners
Salaried individuals are likely to benefit from a simplified tax structure and higher rebates...
Notification
Revised Income Tax Bill 2025 Brings Major Relief For Property Owners
Property owners stand to gain from several clarifications and corrections introduced in the revised...
Notification
Tax Rules on Foreign Travel: Key Points You Can’t Afford to Ignore
With international travel among Indians on the rise, the Income Tax Department (ITD) has...
Notification
New Income Tax Bill 2025: Big Relief for Homeowners, Clear Deductions for Rental & Self-Occupied Properties
The latest draft of the New Income Tax Bill, 2025, has introduced crucial clarifications...
Notification
Govt Extends ITR Filing Deadline for Non-Audit Cases to September 15, 2025
The Central Board of Direct Taxes (CBDT) has announced an early extension in the...
Columns
GST Composition Scheme Simplified for Small Taxpayers: Here’s What You Need to Know
The Goods and Services Tax (GST) Composition Scheme continues to serve as a simplified...