Monika Yadav

Revenue secretary calls for trust-based, tech-driven customs reforms

Arvind Srivastava says next phase of customs reform must deepen stakeholder trust and leverage technology as India's expanding trade ecosystem places new demands on governance

Bombay HC quashes ₹400-cr personal GST penalty on Shemaroo executives

Court rules Section 122(1A) of the CGST Act cannot be invoked against employees who are not taxable persons; bars retrospective application of the provision

India, France amend tax treaty, remove most-favoured nation clause

India and France have signed a protocol amending their DTAC, removing the MFN clause and revising dividend, capital gains and PE provisions to bring clarity and align with global tax standards

Mumbai ITAT ruling offers major tax relief for home redevelopment projects

A Mumbai ITAT ruling allows full indexed cost of acquisition and Section 54 exemption on multiple floors received after redevelopment, offering significant relief to homeowners facing LTCG disputes

New I-T Act to enable AI-driven, rule-based tax system from April 2026

CBDT chief Ravi Agrawal said the new Income Tax Act, effective April 2026, will create a rule-based, AI-enabled tax ecosystem aimed at reducing disputes, improving certainty and enhancing compliance

Karnataka HC ruling likely to strengthen case for ITC refund claims

Tax experts said the judgment reiterates that refund claims cannot be denied merely because the principal input and output supplies are the same- a ground frequently used by tax authorities

HC upholds GST order despite missing document number on physical copy

Court rules GST order issued through portal with system-generated reference number remains valid even if physical copy does not carry Document Identification Number

Net direct tax collections up 9.4 % to ₹19.43 trillion till February 10

Net direct tax collections grow 9.4% to Rs 19.43 trillion till February 10 in FY26, aided by moderation in refunds, CBDT provisional data shows

Bombay HC stays Rs 170 cr GST recovery against Gateway Terminals

The Bombay High Court has stayed recovery proceedings in a ₹170 crore GST dispute against Gateway Terminals over denial of input tax credit on licence fees paid to JNPT

Tax department redesigns 30 forms ahead of new Income-Tax Act rollout

The tax department has proposed a major redesign of 30 high-volume income-tax forms to reduce duplication, simplify compliance and support a data-driven regime under the new law

Filing returns for FY26: Taxpayers may continue to use existing ITR forms

New rules likely to be notified by March 1st week

New CBDT rules may focus on risk-based cross-border RPTs: Experts

The draft norms reduce delegated legislation, with their number proposed to be cut to 333 from 511

Eway bill generation rises 43% in January, the second-highest ever

E-way bill generation rose to 136.83 million in January, the second-highest monthly level on record, marking a 42.6 per cent year-on-year increase amid stronger goods movement

Component warehousing safe harbour to offer competitive tax outcome

The proposed safe harbour regime for component warehousing linked to manufacturing may offer multinationals a globally competitive tax outcome and greater certainty on transfer pricing

CBDT puts draft Income-tax Rules, forms out for feedback till Feb 22

Draft rules and forms placed in public domain for 15 days as part of preparatory work for implementation of Income-tax Act, 2025 from April 2026

Tax certainty for foreign Cloud service providers to curb disputes: Experts

New tax certainty rules for foreign cloud firms aim to prevent disputes on permanent establishment and global income, boosting confidence in India's fast-growing data centre ecosystem

Draft rules, forms under new I-T law likely this week for consultation

Draft rules and forms under the Income Tax Act, 2025 are set to be released this week, ahead of a phased transition from the 1961 law starting April 1

Some overlapping period for new and old I-T rules will exist: CBDT chairman

Budget tax reforms aim to simplify compliance as 86% of individuals shift to the new tax regime ahead of the new Income Tax Act rollout, says Agrawal

US tariffs not the only factor for Customs duty changes: CBIC chairman

CBIC Chairman Vivek Chaturvedi explains the Budget's calibrated customs duty exemptions, SEZ flexibility and tariff reforms amid global trade headwinds

Global travellers get more shopping leeway under new Baggage Rules, 2026

New baggage rules emphasise electronic declarations and advance filings to minimise airport delays