Direct Tax
Retail/After-Sales Businesses Can’t Be Compared With OEM Wholesale Trading: ITAT Deletes TP Adjustments
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has granted major relief to Astemo India Private Limited (formerly Hitachi Astemo India Pvt....
Notification
IBBI Amends CIRP Regulations: MSME Corporate Debtors to Normally Have Only One Set of Registered Valuers
The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2026, introducing a significant change in the Corporate Insolvency Resolution Process (CIRP) framework for Micro, Small and Medium...
Other Laws
Supreme Court Upholds Penalty for Misdeclaration of Power Generation Capacity
The Supreme Court has restored the order of the Punjab State Electricity Regulatory Commission...
Other Laws
FD Can’t Be Ground To Disqualify Bidder; DD Requirement For Out-of-State Tenderers Not Mandatory: Supreme Court
The Supreme Court has held that a bidder cannot be disqualified merely because it...
Direct Tax
Retail/After-Sales Businesses Can’t Be Compared With OEM Wholesale Trading: ITAT Deletes TP Adjustments
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has granted major relief...
Columns
Melodi Meets Melody: Viral Modi-Meloni Moment Sparks GST Debate Over Toffee vs Chocolate
A light-hearted diplomatic exchange between Prime Minister Narendra Modi and Italian Prime Minister Giorgia...
Indirect Taxes
Provisional Release Can’t Be Denied Solely On Dept. Suspicion Of Misclassification And Undervaluation Of Imported Goods: CESTAT
The Principal Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT), New...
Indirect Taxes
S. 108 Statements Can’t Be Sole Basis Without Following Section 138B Procedure: CESTAT
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), New Delhi, has set aside...
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, marking a significant moment ahead of the presentation of the...
Money Hacks
Jewellery Stocks Rally as Govt. Cuts Gold, Silver Import Prices
Shares of jewellery companies witnessed a strong rally after the Centre reduced the base...
Money Hacks
Top 10 Cashback UPI Apps in India (2026)
India’s Unified Payments Interface (UPI) has transformed the digital payment ecosystem by enabling instant...
GST
Goods Can’t Be Released Under S. 129 Once Confiscation Order U/s 130 Is Passed, Title Vests in Govt.: Karnataka HC
The Karnataka High Court has ruled that once a confiscation order is passed under...
CCI | GST | Direct Tax
CCI
CCI Approves Acquisition Of Jaiprakash Associates By Vedanta
The Proposed Combination envisages acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited (Acquirer)...
CCI
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...
CCI
Mandatory Condition Of Prima Facie Anti-Competitive Agreements, Abuse Of Dominant Position Absent, CCI Can’t Direct Investigation: Gauhati High Court
The Gauhati High Court has held that the decision of the Competition Commission of...
CCI
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...
CCI
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
Goods Can’t Be Released Under S. 129 Once Confiscation Order U/s 130 Is Passed, Title Vests in Govt.: Karnataka HC
The Karnataka High Court has ruled that once a confiscation order is passed under...
GST
Businesses Should Not Be Kept Outside GST Regime Without Due Process: Gauhati High Court
The Gauhati High Court, Itanagar Bench, has granted relief to a taxpayer whose GST...
GST
CBI Arrests CGST Superintendent and Inspector in Bribery Case
The Central Bureau of Investigation (CBI) has arrested a Superintendent and an Inspector of...
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
Provisional Release Can’t Be Denied Solely On Dept. Suspicion Of Misclassification And Undervaluation Of Imported Goods: CESTAT
The Principal Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT), New Delhi, has held that an importer is entitled to provisional release of seized goods and currency where the issue relating to classification of the imported goods had already been settled...
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
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 Updates
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
CCI
OMCs Did Not Violate Provisions Of Competition Act For Issuing Joint Tender For Procurement Of Ethanol: CCI
The Competition Commission of India held that the OMCs did not violate provisions of...
CCI
Imposition Of Pre-Payment Of Loan Penalty On End-Consumer By Finance Company Doesn’t Amount To Anti-Competitive Agreement: CCI
The Competition Commission of India ruled that imposition of Pre-Payment of loan penalty on...
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...
Indirect Taxes
Liability To Pay Customs Duty In Addition To Fine Paid To Redeem Confiscated Goods: Supreme Court
The Supreme Court ruled that there is a liability to Pay Customs Duty in...
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’...