Direct Tax
Delhi High Court Quashes Reassessment Against Singapore Company After Finding No Effective Opportunity of Hearing
The Delhi High Court has set aside reassessment proceedings and the consequential demand raised against a Singapore-based company after finding that the assessee was...
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
Delhi High Court Quashes Reassessment Against Singapore Company After Finding No Effective Opportunity of Hearing
The Delhi High Court has set aside reassessment proceedings and the consequential demand raised...
Direct Tax
CIT(A) Can’t Direct Reopening of Another AY: ITAT
The Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has held that a Commissioner of...
Direct Tax
27% Rule 87 Ceiling Inapplicable to Extraordinary Superannuation Fund Contributions Made to Meet Actuarial Deficit: Calcutta High Court
The Calcutta High Court has upheld the deletion of a massive ₹648.84 crore income-tax...
GST
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...
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
Form 26AS Receipts vs Income — Assessee Fails to Prove ₹7.83 Crore Difference Was NPGCL Advance: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the assessment...
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
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
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...
GST
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...
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
Mere Facilitation of Customs Clearance Can’t Establish Knowledge of Smuggling: Madras High Court
The Madras High Court has held that mere facilitation of customs clearance cannot establish knowledge of smuggling.The bench of Justice Hemant Chandangoudar set aside a customs adjudication order fastening liability for differential customs duty of Rs. 4.56 crore, along with interest and penalties, on...
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
No Cross-Examination, No Statement, Yet Rs. 50 Lakh Income Tax Addition Upheld: ITAT Slams NFAC CIT(A) for Flouting Binding Directions
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has come down heavily on...
Indirect Taxes
No Cancellation of Self-Assessed Bills of Entry After Filing: Calcutta High Court Rules In Favour Of Customs Dept.
The Calcutta High Court has held that self-assessed bills of entry cannot be cancelled...
GST
Chhattisgarh High Court Grants Bail to Man Accused in Rs. 16.83 Crore Fake GST Invoice After 3 Months Of Custody
The Chhattisgarh High Court has granted regular bail to Ajay Singh, who was arrested...
Other Laws
Supreme Court Revokes Order Removing Justice Prashant Kumar from Criminal Bench After CJI’s Intervention
In a notable reversal, the Supreme Court on Friday withdrew its earlier directive removing...
Money Hacks
AppleCare Insurance: Is the Premium Protection Plan Worth Your Money?
Apple’s protection plans—long marketed under the AppleCare+ brand and now expanded through the recently...
Columns
Best Free Apps That Startups Can Use to Grow In 2025
For startups, every rupee, dollar, or euro saved counts. These free apps help you...
Columns
Best Ways to Cut Your Home-Loan EMIs – 2025
With the Reserve Bank of India keeping the policy repo rate steady at 5.50%,...
Other Laws
Apple Sued for Allegedly Stealing Trade Secrets to Build Apple Pay
What Happened?Apple Inc. has been hit with a major lawsuit by fintech firm Fintiv...
Columns
How to Avoid Tax on Savings Account Interest (Legally) in India? 2025
OverviewInterest earned on savings bank accounts is considered "Income from Other Sources" under the...
Direct Tax
Gujarat HC Quashes Reassessment Notices For AY 2013-14, 14-15 , 16-17, 17-18 Issued Beyond Surviving Time
The Gujarat High Court has quashed reassessment notices for Assessment Year (AY) 2013-14, 14-15...
Indirect Taxes
Massive Cocaine Haul at IGI Airport: Customs Seize Over 5.4 kg Concealed in Chocolate Boxes
In a major breakthrough against narcotics smuggling, the Air Intelligence Unit (AIU) of Delhi...
Notification
Income Tax Department Issues Urgent Alert on Fake Tax Calculation Error Emails
Phishing Scam Targets ITR Filers Amidst Tax Season RushThe Income Tax Department of India...