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FACELESS ASSESSMENT GROUPS
ITR assessment rules change from April 2026: Four key amendments explainedFour key changes to Income Tax Return (ITR) assessment rules will be effective from April 2026 for Tax Year 2026-27. These amendments, intr...
Refunds, rebates and red flags: Why income taxpayers felt the heat in 2025The year 2025 brought significant changes to India's income tax landscape, with Budget 2025 introducing beneficial hikes in rebate and exem...
Vodafone Idea shares drop 3% as Supreme Court upholds Rs 1,128 crore tax refundVodafone Idea share price: Vodafone had requested a refund of prepaid taxes with interest, totaling around Rs 1,600 crore, for the assessme...
Big relief for Vodafone Idea: Supreme Court upholds Rs 1,128 cr tax refundThe Supreme Court upheld the Bombay High Court’s order directing income tax authorities to refund Rs 1128 crore to Vodafone Idea. This rela...
Difficult to accept that faceless assessment is vested right: SCThe SC made this observation during the resumed hearing of a clutch of petitions filed by Rahul Gandhi, Sonia Gandhi, Priyanka Gandhi Vadra...
SC defers hearing of IT assessment case of Gandhis till Dec 13The court clarified it has not examined the "controversy between the parties on merits" and said the Central Circle's jurisdiction is not c...
Govt likely to come out with logistics cost estimate by Sept: DPIIT OfficialThe government is working on a framework to assess the logistics cost in the country and is expected to get a realistic estimate by Septemb...
Delhi HC dismisses Gandhis' pleas against tax department's assessment transfer orderThe Delhi High Court has dismissed petitions filed by Congress leaders Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi Vadra against the Inc...
Budget has to fix Indian taxpayers' nagging dispute management issue for realUnion Budget 2023: The multiple initiatives announced clearly reflect the government’s intent to address the malaise. However, on-the-groun...
Customs to start uniform risk-based scrutiny of imported goods in phases from Sep 5The Central Board of Indirect Taxes and Customs (CBIC) in a circular to field offices said the National Customs Targeting Centre (NCTC) has...
GST 2.0 may be free of jurisdiction: Vivek Johri, chairman, CBICNew Delhi, which raised the import duty on gold recently, is not looking at any further administrative measures immediately to clamp down i...
Change the customs: Faceless assessment scheme runs into familiar issuesThe new faceless customs assessment was meant to ease the documentation in import and export of goods. But it has doubled the work of trade...
CBIC measures from July 15 to improve faceless assessment in customs"With a view to facilitating faster decisions and, in turn, faster verification of self-assessment as well as to promote specialization and...
View: Marry faceless regime with virtual tax hearingThe apex body, Central Board of Direct Taxes (CBDT), under the ministry of finance, has agreed to examine the suggestion made in the course...
E-assessment: CBDT to honour best investigator, tax collector, othersThe officers will be categorised under five 'prime' categories of best investigator, best revenue collector, best administrator, best audit...
Customs to roll out faceless assessment across IndiaCBIC has proposed to restructure existing commissionerates into National Assessment Commissionerates (NACs) and Jurisdictional Port Commiss...
Focus must be back on corporate earningsThe government has been able to maneuver within the limited space.
India starting faceless tax assessment regime to forestall discretion in tax collection: PM Narendra ModiPM Modi specifically mentioned about how rolling out of the Goods and Services Tax has resulted in the economic integration in the country,...
India starting faceless tax assessment regime to forestall discretion in tax collection: PMThe prime minister, speaking at an event to mark the golden jubilee of the Aditya Birla Group's operations in Thailand, also asserted that ...
Modi government to change customs duty architecture to boost trade, ease of doing businessGovt is set to make changes to the customs duty to speed up India’s trade & ease of doing business.