Bank Loan Upfront Fee Revenue Expenditure Even Where Loan Is Used for Capital Assets: Delhi High Court 

The Delhi High Court has dismissed the department’s appeal challenging the deletion of a tax disallowance of ₹3.12 crore paid by the assessee as...

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...

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...

Bank Loan Upfront Fee Revenue Expenditure Even Where Loan Is Used for Capital Assets: Delhi High Court 

The Delhi High Court has dismissed the department’s appeal challenging the deletion of a...

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...

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...

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...

Erection Services Were Not Liable To Service Tax Prior To 10 September 2004: CESTAT

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Allahabad Regional Bench, has held...

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)...

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...

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...

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...

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

Erection Services Were Not Liable To Service Tax Prior To 10 September 2004: CESTAT

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Allahabad Regional Bench, has held that erection services were not liable to service tax prior to 10 September 2004 and consequently set aside a service tax demand relating to erection work performed before that date.  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

GST Charges Dropped Against Ather Energy; Shares Rise Modestly Post-Clarity

Electric two-wheeler manufacturer Ather Energy Ltd. has received relief from the Goods and Services...

ICETAB Launched to Boost Export Efficiency and Transparency at CBIC Conference in New Delhi

The Central Board of Indirect Taxes and Customs (CBIC) launched a cutting-edge digital initiative,...

Rajasthan HC Denies Bail to Kingpin in Rs. 1800 Cr Fake Scrap Racket; Rs. 2.41 Cr Cash Seized, Fake ITC Scam Uncovered

The Rajasthan High Court, Jaipur Bench has refused bail to the kingpin in Rs....

GST Fraud of Rs. 23.48 Crore Unearthed by CGST Gautam Buddha Nagar; Scrap Trader Arrested

In a major crackdown on tax evasion, the Central Goods and Services Tax (CGST)...

Engineering, Design Services Exported To Foreign Group/Sister Company Qualifies As “Export Of Services”: Bombay HC Allows ITC

The Bombay High Court while allowing the Input Tax Credit (ITC) held that the...

Advisory to file pending returns before expiry of three years: GSTN

The Goods and Service Tax Network (GSTN) has issued the advisory to file pending...

Bridging the Appellate Gap: GST Recovery Protocols After Dismissal of First Appeal – By CA Ashu Dalmia

The article “Bridging the Appellate Gap: GST Recovery Protocols After Dismissal of First Appeal” ...

DGFT Restricts Liquid Gold Import With Immediate Effect

The Directorate General Of Foreign Trade (DGFT) has restricted liquid gold import with immediate...

Service Tax Not Leviable On Royalty: CESTAT

The Delhi Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held...

Himachal Pradesh High Court Quashes NFAC Order, Slams Anarchy From Defiance of Appellate Authority Rulings

The Himachal Pradesh High Court has quashed the order passed by  National Faceless Appeal...

Delhi High Court Bar Association Condemns ED’s Summons to Senior Advocate Arvind Datar

The Delhi High Court Bar Association (DHCBA) has strongly condemned the Enforcement Directorate’s (ED)...

MCA Penalises CA for Violating Auditor Resignation Norms Under Companies Act

The Ministry of Corporate Affairs (MCA) has penalised a Chartered Accountant for non-compliance with...