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Direct Tax
Berry Ratio Inapplicable To Jewellery Manufacturer: ITAT Deletes Rs. 105.06 Crore Transfer Pricing AdjustmentsÂ
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has deleted transfer pricing adjustments aggregating approximately ₹105.06 crore on transactions undertaken by the...
Notification
BSNL, MTNL VRS Compensation Governed By S. 10(10C), Not Retrenchment Exemption: CBDT
The Central Board of Direct Taxes (CBDT) has clarified that ex-gratia compensation received by employees under the BSNL and MTNL Voluntary Retirement Scheme, 2019, is governed by Section 10(10C) of the Income-tax Act, 1961, and does not qualify for treatment under Section 10(10B), which...
Other Laws
Delhi High Court Rejects AISA President Neha Bora’s Plea Against Peace Bond Notice Over CEC Protest
The Delhi High Court has dismissed a petition filed by All India Students’ Association...
Other Laws
Cabinet Secretary Acknowledged Letters From Two Election Commissioners Seeking Action Against Senior ECI Officer: RTI Reply
The Cabinet Secretariat acknowledged letters written by two Election Commissioners seeking action against a...
Direct Tax
Berry Ratio Inapplicable To Jewellery Manufacturer: ITAT Deletes Rs. 105.06 Crore Transfer Pricing AdjustmentsÂ
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has deleted transfer pricing...
Other Laws
MSME Registration After Contract Does Not Bar Arbitration Over Payment Disputes: Delhi HC
The Delhi High Court has held that a small enterprise cannot be denied recourse...
Supreme Court
Co-operative Bank Members Can Seek Records Through RTI Even If Bank Is Not A Public Authority: Supreme Court
The Supreme Court has held that a member of a co-operative bank can obtain...
Supreme Court
Unchallenged Waqf Notification Leaves No Cloud On Title: Supreme Court Restores Protection For Mosque Lands
The Supreme Court has restored a permanent injunction protecting lands attached to a mosque,...
Live Updates
57th GST Council Meeting LIVE
The 57th GST Council meeting is underway in New Delhi, with proposals covering GST officers’ arrest powers, input tax credit, refunds, registration, return filing...
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
Belated ITC-03 Filing Warrants Fresh Review Of GST Composition Scheme Denial: Madras High Court
The Madras High Court has set aside an order denying a small business the...
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 VedantaÂ
The Proposed Combination envisages acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited (Acquirer)...
GST
Belated ITC-03 Filing Warrants Fresh Review Of GST Composition Scheme Denial: Madras High Court
The Madras High Court has set aside an order denying a small business the...
GST
Detained Goods Claimed by Owner Can Be Released Separately on Payment of Penalty: Madras High Court
The Madurai Bench of the Madras High Court has directed the release of detained...
GST
GST Registration Cancelled for Non-Filing of Returns Can Be Restored on Conditions; Pending Dues Can’t Be Paid Using ITC: Madras HC
The Madurai Bench of the Madras High Court has granted conditional relief to a...
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
Importer’s Consent To Higher Customs Value Does Not Bar Appeal; Enhancement Needs Supporting Evidence: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Allahabad, has held that an importer’s written acceptance of an enhanced customs valuation does not, by itself, take away the statutory right to challenge the reassessment. The bench of P. K. Choudhary (Judicial Member) and Pullela...
International Taxation
Trump Signs Executive Order to Reduce Mortgage Costs, Expand Housing Affordability in US
US President Donald Trump has signed an executive order directing federal agencies to take...
International Taxation
China Tightens Tax Enforcement on Offshore Trusts, Wealthy Individuals Face Scrutiny Over Overseas Assets
China is stepping up tax enforcement against wealthy individuals holding assets overseas, including investments...
Live Updates
57th GST Council Meeting LIVE
The 57th GST Council meeting is underway in New Delhi, with proposals covering GST...
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...
Latest Articles
GST
Bombay High Court Stays Rs. 71.23 Crore GST Demand Based On 4 Years Consolidated NoticeÂ
The Aurangabad bench of Bombay High Court has stayed Rs. 71.23 Crore GST demand...
Other Laws
Delhi High Court Upholds Order Initiating Disciplinary Proceedings Against Joint Controller General of Accounts (Administration)
The Delhi High Court has upheld that order initiating disciplinary proceedings against Madan Mohan,...
Direct Tax
S. 9C Bogus Purchase Fully Disallowed: Bombay High Court
The Bombay High Court has held that the bogus purchase under Section 9C of...
International Taxation
Trump Slams India’s 100% Tariffs, Announces Reciprocal Tariffs from 2 April 2025
In a fiery address to a joint session of the U.S. Congress, President Donald...
GST
Rajasthan GST Dept. Issues Guidelines For Virtual Hearing
The Rajasthan Goods and Service Tax (GST) department in the light of the Budget...
Indirect Taxes
Kannada Actress Ranya Rao Arrested for Gold Smuggling at Bengaluru Airport
In a major breakthrough against gold smuggling, the Directorate of Revenue Intelligence (DRI), Bengaluru,...
GST
Relief to Airlines: Delhi High Court Strikes Down IGST Levy On Re-Imported Aircraft Parts
In a significant relief for aviation companies, including IndiGo, the Delhi High Court on...
Indirect Taxes
Massive Seizure Of Smuggled Foreign Cigarettes in Assam
In a major crackdown on smuggling, officers of the Directorate of Prevention of Fraud...
Direct Tax
Income Tax Dept. Starts Investigation Against Unlisted Share Deals and Tax Evasion In OFS Transactions
The Income Tax (I-T) Department has launched a large-scale investigation into potential tax evasion...
GST
Online GST Evasion Complaint: Step-By-Step Guide
GST evasion is a serious offense that affects government revenue and disrupts fair trade....
Direct Tax
PRIVACY UNDER THREAT | Income Tax Dept. May Access Digital Accounts
Reportedly, a groundbreaking amendment to India’s Income Tax laws is set to take effect...
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...
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