Direct Tax
AO Can’t Reject DCF Valuation by Comparing Projections With Actual Results: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench “B”, has held that an Assessing Officer cannot summarily reject a taxpayer’s Discounted Cash Flow (DCF)...
Notification
CBIC Promotes 8 Officers to Chief Commissioner/Director General Grade in IRS (Customs & Indirect Taxes)
The Central Board of Indirect Taxes and Customs (CBIC) has notified the promotion of eight officers of the Indian Revenue Service (Customs & Indirect Taxes) to the grade of Chief Commissioner / Director General of Customs & Indirect Taxes in Level 16 of the...
Other Laws
S. 37 NDPS Act Conditions Must Be Strictly Satisfied: Andhra Pradesh High Court Rejects Bail in 207.20-Kg Psychotropic Substance Case
The Andhra Pradesh High Court has refused to grant bail to an accused in...
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...
Direct Tax
AO Can’t Reject DCF Valuation by Comparing Projections With Actual Results: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench “B”, has held that an Assessing...
Direct Tax
Later Supreme Court Ruling Can’t Validate Earlier S. 143(1) Adjustment on Debatable PF/ESI Issue: ITAT
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has held that employees’...
GST
Retrospective GST Amendments Warrant Reconsideration of ITC Denied U/s 16(4): Rajasthan High Court
The Rajasthan High Court has partly allowed a writ petition concerning denial of Input...
GST
Mere Misclassification of Eligible ITC Across IGST, CGST, SGST Heads Can’t Sustain Tax Demand: GSTAT
The Goods and Services Tax Appellate Tribunal (GSTAT) has held that a demand for...
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
Senior Citizen Savings Scheme Gets 5 Key Rule Changes From July 1, 2026
The Senior Citizen Savings Scheme (SCSS), one of India's most popular government-backed retirement investment...
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...
GST
GST Demand Can’t Be Confirmed Under Valuation Rule Different From One Invoked in SCN : Gujarat High Court
The Gujarat High Court has quashed a GST show cause notice and consequential adjudication...
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 Demand Can’t Be Confirmed Under Valuation Rule Different From One Invoked in SCN : Gujarat High Court
The Gujarat High Court has quashed a GST show cause notice and consequential adjudication...
GST
Retrospective GST Amendments Warrant Reconsideration of ITC Denied U/s 16(4): Rajasthan High Court
The Rajasthan High Court has partly allowed a writ petition concerning denial of Input...
GST
Mere Misclassification of Eligible ITC Across IGST, CGST, SGST Heads Can’t Sustain Tax Demand: GSTAT
The Goods and Services Tax Appellate Tribunal (GSTAT) has held that a demand for...
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
COREX Technology Functionally Equivalent to Blast Furnace; Anti-Dumping Duty Exemption Can’t Be Denied for Earlier Period: Karnataka High Court
The Karnataka High Court has held that manufacturers of pig iron and steel employing COREX technology are entitled to exemption from anti-dumping duty on imported metallurgical coke (Met Coke) for the period during which the exemption notification expressly referred only to manufacturers using blast...
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
SEBI Rolls Out Verified UPI Payment System to Protect Investors from Fraudulent Transactions
The Securities and Exchange Board of India (SEBI) has announced the implementation of a...
Notification
“Thunaivan” Trade Facilitation Portal Inaugurated at Tiruppur to Boost Exporters’ Ease of Business
In a significant move to enhance trade facilitation and streamline export procedures, Shri M.K....
Indirect Taxes
DRI and Assam Rifles Seize 3.36 Kg Heroin in Assam After High-Speed Chase; Two Held
In a major crackdown on narcotics trafficking, the Directorate of Revenue Intelligence (DRI), with...
GST
CGST Noida to Host GST Conclave Marking 8 Years of Tax Reform: Know Date, Venue
The CGST Noida Commissionerate under the Meerut Zone is set to host a high-level...
Notification
Lokpal Invites CBI, ED, and Other Central Agency Officers to Join Its Inquiry Wing on Deputation
The Lokpal of India has issued a call for applications from officers with investigative...
Indirect Taxes
CESTAT Expresses Anguish Over Disrespectful Language in Appeal Memorandum, Warns Against Derogatory Pleadings
The Chennai Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has expressed...
Indirect Taxes
Copper Importers Face Heat as Customs Launches Crackdown on ASEAN Duty Evasion
The Indian copper industry has come under intense scrutiny as the Customs Department initiates...
Notification
Finance Ministry Amends FEMA Rules to Allow Bonus Shares for Foreign Shareholders in Prohibited Sectors
The Ministry of Finance has amended the Foreign Exchange Management (Non-debt Instruments) Rules, 2019,...
GST
Madras High Court Sets Aside Extension Notifications Issued Under Section 168A of CGST Act
The Madras High Court has quashed the extension notification issued under section 168A of the CGST Act,...
Direct Tax
Rs. 25.3 Lakh Cash Seizure by DGGI, Income Tax Dept.: Delhi High Court Refuses To Interfere
The Delhi High Court has declined to grant interim relief to the petitioner firm...
Indirect Taxes
DRI Duly Issued Notice To Arrestee’s Relative: Gauhati High Court Refuses Bail
The Gauhati High Court has refused to grant bail to the driver of carrying...
Book Reviews
Is Indian Property Law in Crisis? Dr. Ajay Kummar Pandey’s New Book Sparks National Dialogue
Aakiriti Shantiniketan played host to a landmark event in India’s legal landscape as Dr....