Direct Tax
ITAT Deletes Rs. 5.02 Crore Royalty Transfer Pricing Adjustment, Rejects Unexecuted Franchise Templates as CUP Comparables
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed an appeal for Assessment Year 2016-17, deleting a transfer pricing adjustment...
Notification
CBDT Approves Sir Ganga Ram Trust Society for Scientific Research Under New Income-Tax Law
The Central Board of Direct Taxes (CBDT) has approved Sir Ganga Ram Trust Society, Delhi, for carrying out scientific research under the category of a university, college or other institution under the newly enacted Income-tax Act, 2025 and the Income-tax Rules, 2026.The notification has...
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
ITAT Deletes Rs. 5.02 Crore Royalty Transfer Pricing Adjustment, Rejects Unexecuted Franchise Templates as CUP Comparables
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed an...
Supreme Court
Supreme Court Orders CBI Probe Into Chhattisgarh Custodial Death, Directs Rs. 25 Lakh Interim Compensation
The Supreme Court has directed the Central Bureau of Investigation (CBI) to register a...
Indirect Taxes
Multi-Heading Use of Medical Laser Imagers Attracts Residuary Customs Classification Under CTH 9033 00 00: Supreme Court
The Supreme Court has dismissed an appeal concerning the customs classification of imported laser...
Supreme Court
Bank’s Suspense Account Interest Cannot Be Ignored: Supreme Court Restores Rs. 54.90 Lakh Loan Liability
The Supreme Court has set aside an Orissa High Court order that had directed...
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...
Supreme Court
Money Recovery Suit Barred by Limitation, Clarifies Winding-Up Proceedings Do Not Extend Limitation: Supreme Court
The Supreme Court has held that a proceeding initiated for winding up a company...
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
Whether RERA Registration Can Determine GST Classification of ‘Ongoing Project’? Rajasthan HC Issues Stay Notice
The Rajasthan High Court has taken up a significant challenge concerning the use of...
GST
Taxability of Solar Water Pumping and Rooftop Power Plant Works as Composite Works Contract: GSTAT Admits Departmental Appeal
The Goods and Services Tax Appellate Tribunal (GSTAT), Court No. I, Hyderabad, has admitted...
GST
GSTAT Admits Bharti Airtel’s Appeal on ITC Dispute Involving Section 17(5)(c) and (d) of CGST Act
The GST Appellate Tribunal (GSTAT) has admitted an appeal filed by Bharati Airtel Limited...
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
Multi-Heading Use of Medical Laser Imagers Attracts Residuary Customs Classification Under CTH 9033 00 00: Supreme Court
The Supreme Court has dismissed an appeal concerning the customs classification of imported laser imagers, holding that accessories capable of being used with machines falling under different tariff headings in Chapter 90 are required to be classified under the residuary Customs Tariff Heading (CTH)...
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
89 Lakh Health Insurance Claims Pending in 5 Years; IRDAI Rolls Out Reforms
In a recent submission to the Rajya Sabha, the Ministry of Finance revealed that...
GST
Drunken CGST Clerk Sells Sensitive Tax Files for Rs 5,000
In an astonishing breach of official protocol and data security, a clerk at the...
Notification
Over 10 Lakh MSMEs Go Digital, Says Govt.
In a major boost to the digital empowerment of small businesses, the Government informed...
Notification
Govt. Expands Credit Schemes to Bridge Rs. 80 Lakh Crore MSME Financing Gap
In response to NITI Aayog’s alarming finding that only 19% of credit demand in...
GST
No Proposal to Levy GST on UPI Transactions, Govt. Clarifies in Rajya Sabha
The Central Government has clarified that there is currently no proposal under consideration to...
Indirect Taxes
Chennai Customs Refutes Delay Allegation, Says Importer Misrepresented Consignment Value, Skipped Mandatory Documents
In response to a recent tweet by an importer alleging undue delay and inflated...
Other Laws
IPS Officer Apologises For Misusing S. 498A: Supreme Court Dissolves Marriage
The Supreme Court dissolved the marriage between IPS officer Shivangi Bansal (also known as...
Company & PMLA
Predicate Offence Chargesheet Still Pending After 7 Years: SC Stays PMLA Trial
The Supreme Court has stayed the trial under the Prevention of Money Laundering Act...
Other Laws
Property Dispute Not Covered Under Senior Citizens Act: Allahabad High Court
The Allahabad High Court has dismissed a writ petition filed by a senior citizen...
Indirect Taxes
Dry Dates Smuggling Case: Court Grants Bail to Importer After Month-Long Custody
The sessions court in Panvel has granted regular bail to Harshit Mahesh Shah, a...
Tax Experts
REASONS TO BELIEVE: A Pre-Exist Requirement For Inspection, Search & Seizure Under GST – CA Tushar Jain
Power of search and seizure in any system of jurisprudence is an overriding power...
Other Laws
Supreme Court Collegium Approves Appointment of Judicial Officer As Delhi High Court Judge
The Supreme Court Collegium has approved the appointment of Judicial Officer Vimal Kumar Yadav...