Tribunals Reforms Act, 2026: CESTAT, ITAT, NCLAT, SAT and DRTs Brought Under Common Framework With National Tribunals Commission

The Tribunals Reforms Act, 2026 has received Presidential assent, introducing a common framework for the appointment, tenure, removal and service conditions of Chairpersons and...

Ind AS Amendments on Financial Instrument Classification, Renewable Power Contracts Notified: MCA 

The Ministry of Corporate Affairs (MCA) has notified the Companies (Indian Accounting Standards) Amendment Rules, 2026, introducing a wide-ranging set of changes to the Indian Accounting Standards framework, particularly in relation to financial instrument classification and measurement, electronic payment settlements, contracts linked to nature-dependent...

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...

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...

Tribunals Reforms Act, 2026: CESTAT, ITAT, NCLAT, SAT and DRTs Brought Under Common Framework With National Tribunals Commission

The Tribunals Reforms Act, 2026 has received Presidential assent, introducing a common framework for...

CAG Flags ₹25,085 Crore Taxation Lapses in 1,902 Cases; Excess Tax Charges Found in 174 Assessments

The Comptroller and Auditor General of India (CAG) has flagged significant lapses in the...

Can NaFAC Conduct Reassessment Before March 29, 2022? ITAT Upholds Faceless Jurisdiction

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has rejected a legal...

Legitimate Deductions on Sold Property Can’t Be Denied Merely Because They Were Not Claimed in Original ITR: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has allowed an appeal...

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...

Can Strategic Investments Escape S. 14A Disallowance? ITAT Holds Rule 8D Can Apply After AO Records Satisfaction

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

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 Levy on Corporate Guarantees Upheld: Gujarat HC

The Gujarat High Court has delivered a significant ruling on the GST treatment of...

Calcutta High Court Allows Appeal Against Ex Parte GST Order After Medical Emergencies Prevented Reply to SCN

The Calcutta High Court has permitted a registered GST taxpayer to pursue a statutory...

S. 74 GST Notice Must Spell Out Statutory Ingredients for Invoking Extended Tax Demand Proceedings: Allahabad High Court 

The Allahabad High Court, Lucknow Bench, has quashed a show cause notice issued under...

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

Hydraulic Oil Liable to Entry Tax Under KTEG Act, Says ‘And Others’ Covers Unenumerated Petroleum Products: Karnataka HC 

The Karnataka High Court has upheld the levy of entry tax on hydraulic oil brought into a local area for use in the manufacture of hydraulic cylinders, holding that hydraulic oil falls within the ambit of Entry 67 of the First Schedule to the...

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

Payments for Software Training Not Taxable as ‘FTS’ Under India-UK DTAA: Delhi High Court

The Delhi High Court has held that payments for software training are not taxable...

Gujarat High Court Quashes Rejection of Foreign Tax Credit Claim Over Procedural Delay in Form 67 Filing

The Gujarat High Court has allowed the petition of Deepak Pragjibhai Gondaliya, who was...

Salary Earned By Chinese Tax Resident for Work Performed in China Not Taxable in India Even If Credited to Indian Bank Account: ITAT

The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has held that salary income earned...

Income Tax Dept. Cracks Down on Bogus Deductions, Rs. 1,045 Crore in False Refunds

In a sweeping enforcement move, the Income Tax Department has launched a large-scale verification...

Delhi High Court Restrains GST Dept. from Coercive Recovery of Interest Demand Amid Overlapping GST Orders

The Delhi High Court has directed that no coercive measures be taken against Shiningkart...

Trump’s 50% Tariff on Copper Jolts India’s Semiconductor and Electronics Sector

A fresh 50% import tariff on copper imposed by US President Donald Trump has...

CESTAT Quashes Tax Demands Over CENVAT Credit on Telecom Towers Following Supreme Court Ruling

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Mumbai, has allowed two appeals...

UPI Balance Checks Capped To 50 Per Day From August 2025

In a significant overhaul aimed at improving efficiency and user protection, the National Payments...

Confiscation and Penalty for Misdeclaration of Second-Hand Goods Meant for Re-export from SEZ Quashed: CESTAT

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Ahmedabad, has quashed the confiscation...

Man Attends Gujarat High Court Hearing from Toilet, Fined Rs. 1 Lakh for Contempt

In a bizarre and shocking incident, the Gujarat High Court has imposed a fine...

GAIL India’s Pentene Mixture Classified Under Correct Excise Code: CESTAT

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench, has ruled in...

Faceless Appeal Unit Drops Rs. 5 Crore Loan Addition Under Section 68 in AY 2014-15

In a significant relief to a taxpayer, the Faceless Appeal Unit has dropped the...