Case Compilation
JURISHOUR | TAX LAW DAILY BULLETIN : 07 JULY, 2026
Here’s the Tax Law Daily Bulletin for July 07, 2026.GSTWHAT HAPPENS TO GST OFFICERS CAUGHT TAKING BRIBES?TELANGANA HIGH COURT RESTORES GST APPEAL WITHDRAWN DUE...
Notification
ICAI Dismisses Social Media Claims of Student and Examination Data Breach, Calls Them “False”
The Institute of Chartered Accountants of India (ICAI) has strongly refuted allegations circulating on social media regarding an alleged breach of members’ records, students’ records, and examination data, describing the claims as “completely false, baseless and malicious.” The clarification comes after a fabricated notice...
Other Laws
Commercial Tax Dept’s Statutory First Charge Prevails Over Secured Creditor’s SARFAESI Claim: Karnataka High Court
The Karnataka High Court has held that the statutory first charge created in favour...
Other Laws
Mere Attestation of Will Doesn’t Prove Its Validity if Suspicious Circumstances Exist: Supreme Court Restores Widow’s Property Rights
The Supreme Court has reiterated that merely proving the formal execution of a Will...
Case Compilation
JURISHOUR | TAX LAW DAILY BULLETIN : 07 JULY, 2026
Here’s the Tax Law Daily Bulletin for July 07, 2026.GSTWHAT HAPPENS TO GST OFFICERS...
Company & PMLA
Company’s Sole Undertaking Can’t Be Ended Through Oppressive Process: NCLT Quashes EOGM Resolution Terminating JVA
The Mumbai Bench of the National Company Law Tribunal (NCLT) has held that an...
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...
Direct Tax
Income Tax Dept. To Condone Delay, Process Return and Refund Claim of 91-Year-Old NRI: Madras High Court
The Madras High Court has set aside an order rejecting the condonation of delay...
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
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...
Money Hacks
Gold & Silver Prices Fluctuate; Check Latest Rates Before Buying
Individuals planning to purchase gold or silver may want to take note of the...
Other Laws
Banks Can’t Blacklist Lawyers for Negligence Through IBA Caution List: Supreme Court
The Supreme Court has ruled that banks and the Indian Banks' Association (IBA) cannot...
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 SCN Beyond Limitation Invalid; Parallel CGST Proceedings on Same ITC Issue Barred: Tripura HC
The Tripura High Court has ruled that GST authorities cannot invoke Section 74 of...
GST
Customs Dept. Can’t Reject IGST Refund Solely Because Exporter Claimed Higher Duty Drawback Rate: Madras HC
The Madras High Court has set aside a Customs Department order rejecting an Integrated...
GST
S. 122(1A) Can’t Be Invoked Against Individual Who Couldn’t Have Retained Benefit Of Transaction: Bombay HC Stays Recovery
The Bombay High Court has granted ad-interim relief to an independent director facing penalty...
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
Contracts Executed By Sub-Contractors Were Works Contracts And Not Manpower Supply Services, Service Tax Demand Under RCM Unsustainable: CESTAT
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has set aside a service tax demand of Rs. 4.49 lakh raised against a construction company after holding that the contracts executed by its sub-contractors were works contracts and not manpower...
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
Delhi High Court Directs Income Tax Department To Process Application For Exemption Made By NOIDA
The Delhi High Court has directed the income tax dept. to process application for...
GST
GST ITC Fraud: Supreme Court Grants Bail To Accused Looking At The Custody Period
The Supreme Court has granted the bail to the accused involved in GST ITC...
Company & PMLA
Calcutta High Court Constituted Committee To Look Into Claim Raised By Investors Of Company Under IBC; Patna High Court Refuses To Entertain Appeal
The Patna High has held that the Calcutta High Court constituted a committee to...
Columns
JURIS HOUR’S ANALYSIS OF KEY POINTERS ON FINANCE BILL 2024
Author: Khushi J. PrajapatiINTRODUCTIONThe Finance Minister Nirmala Sitharaman has presented her seventh straight budget...
Indirect Taxes
Excise Policy Scam: Supreme Court Grants Interim Bail To Delhi CM Arvind Kejriwal In The Money Laundering Case
The Supreme Court has granted interim bail to Delhi CM Arvind Kejriwal in the...
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...
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...
GST
No GST Exemption On mutual beneficial schemes Provided By Indian Medical Association To Its Members: Kerala High Court
The Kerala High Court has held that no Goods and Service Tax (GST) exemption...
International Taxation
State Is Obligated To Grant Foreign Tax Credit To Taxpayer: Sweden Supreme Court
The Sweden Supreme Court found that the provisions for the respective payments from the...
Indirect Taxes
Import Of Gold Fall In The Category Of “Prohibited Goods”: Delhi High Court
The Delhi High Court in its recent ruling held that the import of gold...
Indirect Taxes
Dept. Can’t File Appeal Before CESTAT Of The Monetary Limit Below Rs. 50 lakhs: CESTAT
The Customs, Excise And Service Tax Appellate Tribunal, Chandigarh, ruled that the department can't...
GST
“Indian Economy in Pre-GST and Post-GST Era”
This Article is written by Rifat Alam, she is Pursuing her BA.LLB Honours from...