No Liability Without Knowledge of Misdeclaration: CESTAT Quashes Rs. 20,000 Penalty on Watch Retailer 

The Customs, Excise and Service Tax Appellate Tribunal has set aside a penalty imposed on Mumbai-based retaile holding that no penalty can be levied...

Income-tax Rules, 2026: ICAI Releases Publication with Tabular Mapping to 1962 Rules

The Institute of Chartered Accountants of India (ICAI) has issued a detailed publication titled: “Income-tax Rules, 2026 Including Tabular Mapping of Rules and Forms vis-à-vis Income-tax Rules, 1962 and Forms.”A standout feature of the ICAI publication is the tabular mapping of rules and forms,...

Supreme Court Restores Promotion, Slams Discriminatory Denial of Relaxation in Cooperative Society Case

The Supreme Court has set aside the Madhya Pradesh High Court’s Division Bench judgment...

Supreme Court Holds Differential DA–DR Rates Unconstitutional: Pensioners Entitled to Parity with Employees

The Supreme Court has ruled that granting a lower rate of dearness relief (DR)...

No Liability Without Knowledge of Misdeclaration: CESTAT Quashes Rs. 20,000 Penalty on Watch Retailer 

The Customs, Excise and Service Tax Appellate Tribunal has set aside a penalty imposed...

Importer Not Liable for Post-Sale MRP Revision: CESTAT Quashes Differential Duty Demand on Imported Watches

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Delhi, has set aside a...

JURISHOUR | TAX LAW DAILY BULLETIN : APRIL 10, 2026

Here’s the Tax Law Daily Bulletin for April 10, 2026.GSTRS. 25K COST IMPOSED ON...

Justice Yashwant Varma Resigns Amid Impeachment Proceedings in Cash Recovery Controversy

Justice Yashwant Varma has tendered his resignation as a judge of the Allahabad High...

JurisHour Exclusive Live Coverage Of Budget for FY 2026–27

Finance Minister Nirmala Sitharaman arrived at Kartavya Bhawan at the Finance Ministry on Saturday, marking a significant moment ahead of the presentation of the...

10 Best Cryptocurrency Apps in India with Low Fees (2026 Edition)

With cryptocurrency adoption steadily rising in India, choosing the right trading app has become...

How You Can Save Up To 13% GST On Wedding Venues?

Planning a big Indian wedding often begins with locking in the venue and caterer....

State Govt to Deploy AI-Based System to Combat Rising GST ITC Fraud

In a significant move to curb escalating GST input tax credit (ITC) frauds, the...

CCI | GST | Direct Tax

CCI Approves Acquisition Of Jaiprakash Associates By Vedanta 

The Proposed Combination envisages acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited (Acquirer)...

CCI Dismisses Complaint Against Microsoft for Bundling Antivirus Software Microsoft Defender with Windows

The Competition Commission of India (CCI) has  dismissed the complaint Against Microsoft for Bundling...

Every IP Dispute Can’t Be Converted Into Competition Dispute: Delhi High Court

The Delhi High Court stated that every IP dispute can't be converted into a...

Whether Swiggy Can Share Confidential Data With Restaurant Association? Karnataka High Court Directs CCI To Decide Afresh

The Karnataka High Court directed Competition Commission of India to decide afresh whether swiggy...

GST SCN Solely Based On CAG Report Is Vague & Liable To Be Quashed: Punjab & Haryana High Court

The Punjab & Haryana High Court has quashed a show cause notice issued to...

GST Pre-Deposit Non-Compliance: Allahabad High Court Allows Appeal Subject to Rs. 30 Lakh Balance Deposit, Recognises Offline Filing

The Allahabad High Court has allowed a taxpayer to pursue its statutory appeal under...

Retrospective GST Cancellation Can’t Invalidate Genuine Transactions: Jaipur Commissioner (Appeals) Quashes Rs. 95,670 ITC Demand

The Commissioner (Appeals), CGST Jaipur, has set aside a demand of ₹95,670 towards alleged...

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

No Liability Without Knowledge of Misdeclaration: CESTAT Quashes Rs. 20,000 Penalty on Watch Retailer 

The Customs, Excise and Service Tax Appellate Tribunal has set aside a penalty imposed on Mumbai-based retaile holding that no penalty can be levied under the Customs Act, 1962 in the absence of evidence establishing knowledge of misdeclaration by the importer.The bench of Justice...

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...

JurisHour Exclusive Live Coverage Of Budget for FY 2026–27

Finance Minister Nirmala Sitharaman arrived at Kartavya Bhawan at the Finance Ministry on Saturday,...

LIVE | Gyanotsav 2026 Day 2: A Power-Packed Knowledge Marathon After a Blockbuster Opening Day

After a high-octane first day marked by back-to-back banger sessions, thought-provoking discussions and an...

Latest Articles

GST Appellate Authority Not Empowered To Condone Delay Beyond 30 Days: Andhra Pradesh High Court

The Andhra Pradesh High Court has held that the GST appellate authority under Section...

Interest Demand Can’t Be Quashed On Basis Of Discharge Certificate Under SVLDRS Scheme: CESTAT

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

Penalty/Late Delivery Charges Not Subjected To Service Tax: CESTAT

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

Telangana High Court Quashes Show-Cause Notice Demanding Tax Already Settled Under Amnesty Scheme

The Telangana High Court has quashed the show-cause notice demanding tax already settled by...

Borrower’s Default To Bank Not Detrimental To Country’s Economic Interest: Calcutta High Court

The Calcutta High Court has held that the economic interest of the country cannot...

Delhi High Court Quashes Order Cancelling Registration Certificate Of NBFC By RBI For Non-Maintenance Of NOF

The bench of Justice Dharmesh Sharma while quashing the order passed by the RBI...

Charges Taken By Hospital From Medical Shop Is Covered ‘Health Care Services’, No Service Tax Payable: CESTAT

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

Every File Has Nexus With Somebody’s ‘Life’ Or ‘Liberty’; GST Registration Can’t Be Canceled Without Reason: Telangana High Court

The Telangana High Court stated that every file has nexus with somebody’s ‘life’ or...

Know Commencement Date Of Free Live Virtual Classes For CA Intermediate Students Appearing In May 2025 Examination: ICAI

The Institute of Chartered Accountant Of India (ICAI) has notified the 9th September 2024...

PCIT To Apply Mind Before Sanctioning Income Tax Reassessment: Bombay High Court

The Bombay High Court has held that the Principal Commissioner of Income Tax (PCIT)...

Income Tax Reassessment Proceedings Of Central Charges, International Taxation Charges To Be Held In Faceless Manner: Bombay High Court

The Bombay High Court has held that in respect of central charges and international...