JURISHOUR | TAX LAW DAILY BULLETIN : 03 AUGUST, 2026

Here’s the Tax Law Daily Bulletin for August 3, 2026. GST NO EFFECTIVE COMMUNICATION OF GST ORDER? RAJASTHAN HC ALLOWS TIME-BARRED APPEAL TRUCK 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. GST NO 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

Isabgol Seeds Procured Through APMC Exempt from GST; Not Covered Under ‘Goods of Seed Quality’ Entry: AAR

The Gujarat Authority for Advance Ruling (AAR) has held that fresh and unprocessed Psyllium...

Reply Format For Show Cause Notice Issued Only For Interest Demand Under FORM DRC-01

Here’s the reply format for show cause notice issued only for interest demand under...

Broken-Period Interest on Sale of NCDs Taxable as Interest, Not Capital Gains: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that broken-period...

No Denial of S.12AB Registration Without Actual Application of Funds Outside India: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that a...

India Extends Anti-Dumping Duty on Chinese PET Resin for 5 More Years to Protect Domestic Industry

The Central Government has extended the anti-dumping duty on imports of Polyethylene Terephthalate (PET)...

India Imposes Anti-Dumping Duty on Sulphenamides Accelerators Imports from China, EU and US for 5 Years

The Ministry of Finance has imposed anti-dumping duties on imports of Sulphenamides Accelerators originating...

Seized Quantity Of Smuggled Marijuana Was Not Commercial: Telangana High Court Grants Bail to 2 Foreign Nationals

The Telangana High Court has granted bail to Pilassary Meethal Thajul Diyoof and Valappil...

Income Tax Reassessment Time Limit Can’t Be Extended Indefinitely: Chhattisgarh HC

The Chhattisgarh High Court has dismissed an appeal filed by the Income Tax Department...

MODVAT Credit on Fuel Used for Electricity Can’t Be Denied Merely Because Power is Wheeled to Sister Units: Madras HC

The Madras High Court has delivered a significant ruling in favour of manufacturers using...

Madras High Court Grants 3 Months Relief to Pay SGST Dues in Instalments After Admitted GST Liability

The Madras High Court has permitted a contractor to pay the outstanding State GST...

Taxpayer’s Right to Correct GSTR-1 Returns: Madras High Court Rejects Dept.’s Appeal Against Rectification of GST Errors

The Madras High Court has reaffirmed that taxpayers cannot be denied the opportunity to...

MAB Is Not ‘Consideration’ for Banking Services: Karnataka HC Quashes Service Tax Demands on Banks for Minimum Average Balance Accounts

The Karnataka High Court has ruled in favour of the banking sector by quashing...