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
Direct Tax
Direct Tax Weekly Flashback: 19 to 25 January 2025
Here’s a Direct Tax Weekly Flashback from 19 to 25 January 2025.Delhi High CourtRates...
Indirect Taxes
CESTAT Weekly Flashback: 19 to 25 January 2025
Here’s a Custom, Excise And Service Tax Appellate Tribunal (CESTAT) Weekly Flashback from 19...
Breaking
Indirect Tax Weekly Flashback: 19 to 25 January 2025
Here’s an Indirect Tax Weekly Flashback from 19 to 25 January 2025.Supreme Court Price Was...
GST
GST Weekly Flashback: 19 to 25 January 2025
Here’s a Goods and Service Tax (GST) Weekly Flashback from 19 to 25 January...
GST
Introduce Amnesty Scheme For GSTR‐9C Filings For FYs Prior To 2022‐23: A.P. Tax Bar Association Writes To FM Nirmala Sitharaman
The A.P. Tax Bar Association while giving representation to Union Finance Minister Nirmala Sitharaman...
GST
Advisory On Alternate Mechanisms And Business Continuity Plans Available For E-Invoice, E-Waybill Systems: GSTN
The Goods and Service Tax Network (GSTN) has issued the advisory on alternate mechanisms...
Indirect Taxes
Inordinate Delay On Part Of Delhi Government In Tabling CAG Reports; Delhi High Court Refuses To Pass Directions For Special Sitting Of Assembly
The Delhi High Court has refused to pass directions for special sitting of assembly...
Direct Tax
Income Tax Dept. Defrauded By Scammer 60 Times: Scammer Deployed By Aggrieved Businessmen On Commission Basis
Kamlesh Shah, a resident of Science City Road, has been implicated in a widespread...
Notification
CBIC Cautions Against Fraudsters Issuing Fake And Fraudulent Summons For GST Violations
The Central Board of Indirect Taxes and Customs (CBIC) has cautions against fraudsters issuing...
Notification
CBI Charges Its Own DySP For Allegedly Accepting Rs. 20 Lakh Bribe In Customs Corruption Probe
The Central Bureau of Investigation (CBI) has charged its own officer who was the...
Indirect Taxes
Placing Of Matter In Call Book By Customs Dept. Would Not Justify Non-Adjudication Of Notice For 15 Years: Delhi High Court
The Delhi High Court has held that placing of matter in the call book...
Notification
Mumbai Customs Enables Voluntary Payment Electronically On ICEGATE e-Payment Platform
The Mumbai customs, JNCH Customs has enabled the voluntary payment electronically on ICEGATE e-Payment...