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Archive: February, 2025

Posts in February, 2025

CBI Dismantles Cybercrime Network Targeting German Nationals

February 19, 2025 228 Views 0 comment Print

CBI dismantles a virtual asset-backed cybercrime network defrauding German nationals, arresting key accused and recovering digital evidence in Operation Chakra-IV.

RBI Launches RBIDATA Mobile App for Economic Data

February 19, 2025 390 Views 0 comment Print

RBI introduces RBIDATA mobile app, providing macroeconomic and financial data on the Indian economy with interactive charts and search features.

CBDT extends Due Date for Filing Form 56F for AY 2024-25

February 19, 2025 8055 Views 0 comment Print

CBDT extends the due date for filing Form 56F under Section 10AA(8) and 10A(5) of the Income-tax Act, 1961, to March 31, 2025, for AY 2024-25.

ITAT Luncknow directed CIT(A) to re-consider condonation as delay of 4 days erroneously calculated as 551 days

February 19, 2025 96 Views 0 comment Print

ITAT Lucknow held that delay of 4 days erroneously calculated as delay of 551 days by CIT(A). Accordingly, directed CIT(A) to consider request of condonation and if found appropriate to grant opportunity of being heard.

Duty drawback post unlocking/activation of mobile phone eligible: Delhi HC

February 19, 2025 147 Views 0 comment Print

Delhi High Court held that the unlocking/activation of the mobile phone merely makes the mobile phone more usable in the destination country and the same would therefore not constitute “taken into use” under proviso to Rule 3 of Duty Drawback Rules.

Orissa HC Sets Aside GST Order, Awaits SC Decision, Directs Fresh Hearing

February 19, 2025 339 Views 0 comment Print

Orissa HC sets aside GST order, noting pending Supreme Court case on related issue, directs fresh hearing after petitioner communicates order to authorities.

HC Quashes GST Appeal Rejection: Pre-Deposit Paid via Credit Ledger, Delay to Be Reviewed

February 19, 2025 186 Views 0 comment Print

Calcutta High Court quashes rejection of appeal due to delay, orders appellate authority to reconsider the delay condonation and appeal on merits.

AO’s order cannot be deemed erroneous Solely Due to PCIT Disagreement: ITAT Jaipur

February 19, 2025 450 Views 0 comment Print

Explore the ITAT Jaipur decision in Mujmmeel Vs ACIT, examining Section 263 order invoking unexplained investments and its implications on tax assessments.

Claim of guarantee invoked subsequent to CIRP cannot be admitted in CIRP

February 19, 2025 108 Views 0 comment Print

NCLAT Delhi held that invocation of guarantee subsequent to initiation of CIRP cannot be the base for any claim to be admitted in the CIRP. Accordingly, appeal allowed and order passed by adjudicating authority set aside.

Orissa HC Reduces Pre-Deposit for GST Appeal Stay to 10%

February 19, 2025 255 Views 0 comment Print

Orissa High Court reduces pre-deposit for stay of tax demand to 10% after government notification, granting relief to the petitioner in the appeal.

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