JURISHOUR | TAX LAW DAILY BULLETIN : 03 AUGUST, 2026

Here’s the Tax Law Daily Bulletin for August 3, 2026.GSTNO EFFECTIVE COMMUNICATION OF GST ORDER? RAJASTHAN HC ALLOWS TIME-BARRED APPEALTRUCK DRIVER NEITHER VEHICLE OWNER...

Govt. Introduces Bill to Replace 125-Year-Old Bankers’ Books Evidence Law

In a significant step towards modernising India's legal framework governing banking evidence, the Central Government is set to introduce the Bankers' Books Evidence Bill, 2026 in Parliament, replacing the Bankers' Books Evidence Act, 1891, a colonial-era legislation that has regulated the production of banking...

Supreme Court Upholds Stamp Duty on Anticipated Royalty, Rejects Mining Company’s Dead Rent Formula Plea

The Supreme Court has held that stamp duty on mining lease agreements must be...

JURISHOUR | TAX LAW DAILY BULLETIN : 03 AUGUST, 2026

Here’s the Tax Law Daily Bulletin for August 3, 2026.GSTNO EFFECTIVE COMMUNICATION OF GST...

Stereotyped Eyewitness Testimony and Medical Contradictions Justify Acquittal: Supreme Court Refuses to Restore Conviction

The Supreme Court has refused to interfere with a Bombay High Court judgment acquitting...

Can Separate Convictions Under Sections 20, 25 & 29 of the NDPS Act Arise From the Same Transaction? Supreme Court Explains

The analysis on the issue "Can Separate Convictions Under Sections 20, 25 & 29...

GST Collections Cross ₹2.11 Lakh Crore in July 2026, Register 15.4% YoY Growth Led by Strong Import Revenues

India's Goods and Services Tax (GST) collections witnessed a robust surge in July 2026,...

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...

Revenue Records Showing Shamilat Deh Prevail Over Private Ownership Claims: Supreme Court

The Supreme Court has delivered a landmark judgment clarifying the legal status of shamilat...

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 Collections Cross ₹2.11 Lakh Crore in July 2026, Register 15.4% YoY Growth Led by Strong Import Revenues

India's Goods and Services Tax (GST) collections witnessed a robust surge in July 2026,...

Service Tax Reimbursement Cannot Be Denied on Technical Grounds After GST Rollout: Jharkhand High Court

The Jharkhand High Court has held that a contractor cannot be denied reimbursement of...

Truck Driver Neither Vehicle Owner Nor Aware of Alleged Fake GST Invoice: Patna High Court Grants Bail

The Patna High Court has granted regular bail to a truck driver arrested in...

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

CESTAT Denies Interest on Pre-2014 Excise Pre-Deposit Refunded Within Three Months

The Hyderabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that assessees who made mandatory pre-deposits before 6 August 2014 are not entitled to interest from the date of deposit if the refund is sanctioned within the statutory period...

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

CBDT Notifies Ten Year Zero Coupon Bond By PFC

The Central Board of Direct Taxes has notified Ten Year Zero Coupon Bond of...

ED Bhubaneswar Restores Rs.5.17 Crore Worth of Properties to Indian Bank in GDS Builders Case

In a significant move to restore the Proceeds of Crime (POC) to rightful claimants,...

ED Secures Rs. 450 Crores Restitution in Rose Valley Chit Fund Scam—Biggest Multi-State Relief for Investors!

Through the persistent and concerted efforts by the Directorate of Enforcement (ED), Bhubaneswar Zonal...

ED Raids Multiple Locations in Tamil Nadu Over TASMAC Scam, Seizes Incriminating Documents

The Directorate of Enforcement (ED), Chennai has raided multiple locations in Tamil Nadu over...

GST Deputy Commissioner Sanjay Singh Commits Suicide, Extreme Work Pressure Suspected

In a shocking incident that has reignited concerns over work-life balance in India, Sanjay...

India & Mauritius Signs MoU Against Financial Crimes

The Enforcement Directorate (ED), India, and the Financial Crimes Commission (FCC), Mauritius, have signed...

ED Hyderabad Attaches Assets Worth Rs. 1.90 Lakh in Immoral Trafficking Case Involving Bangladeshi Nationals

Directorate of Enforcement (ED), Hyderabad Zonal Office has provisionally attached assets worth Rs 1.90...

Wrongful Availment Of GST ITC: Delhi High Court Quashes Rs.5.65 Crores Demand

The Delhi High Court has quashed the order demanding Rs.5,65,91,691 in a case where...

Illegal Funds Diversion Amounting To Rs. 2,467 Crore In Guise Of Loans: ED Files Plaint Against Credit Society Fraud Case

The Enforcement Directorate (ED) has filed a prosecution complaint against 24 accused in connection...

Delhi High Court Upholds Rejection Of CENVAT Credit On Countervailing Duty Paid On Imported Capital Goods

The Delhi High Court has upheld the rejection of cenvat credit on countervailing duty...

CGST Faridabad Busts Unregistered Warehouse, Seizes 2.64 Lakh Kg Areca Nut Worth Rs. 3.43 Crore

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

Gold Smuggling Surge: Customs Officer on High Alert—Or High Anxiety? DRI Seeks CBI’s Help

The Additional Director, DRI has requested the Central Bureau of Investigation (CBI) to investigate...