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Archive: 16 September 2025

Posts in 16 September 2025

Patna HC Allows Landowner to Seek Income Tax Refund After NH-28 Land Treated as Agricultural

September 16, 2025 228 Views 0 comment Print

The Patna High Court directs a petitioner to approach the Divisional Commissioner for a claim regarding the classification of their commercial land as agricultural for an NH-28 acquisition.

Import exemption cannot be denied when DGFT licence was valid at time of import but cancelled later

September 16, 2025 1074 Views 0 comment Print

CESTAT Chennai held the denial of import exemption customs authority not justifiable since import was made under DGFT licence which was valid at the time of import and was cancelled by DGFT much later. Accordingly, order set aside and appeal allowed.

Late fee leviable for non-filing of GSTR-9 return even after expiry of three years from due date

September 16, 2025 1731 Views 0 comment Print

Madras High Court held that levy of late fee under section 47(2) of the Tamil Nadu Goods and Services Tax Act, 2017 is upheld for non-filing of annual return in Form GSTR-9 for F.Y. 2021-2022 after expiry of period of three years from due date of furnishing of said return.

CIRP application u/s. 7 of IBC against Fortune Spirit Limited admitted as debt and default proved

September 16, 2025 441 Views 0 comment Print

NCLT Cuttack held that application for initiation of Corporate Insolvency Resolution Process [CIRP] under section 7 of the Insolvency and Bankruptcy Code [IBC] admitted against Corporate Debtor [Fortune Spirit Limited] as debt and default in payment of debt duly proved.

ROC Mumbai Dropped Adjudication as Director Register Lapses Compounded Earlier

September 16, 2025 492 Views 0 comment Print

ROC Mumbai found compliance lapses at Business Asia Consulting Pvt Ltd but dropped penalty as violations were already compounded under the Companies Act.

ITR Deadline Extended by One Day at 11:48 PM, Sparks Outcry

September 16, 2025 16803 Views 4 comments Print

CBDT’s late-night decision to extend the ITR filing deadline by one day sparks outrage. Read how technical glitches on the Infosys-managed e-filing portal led to a last-minute scramble, drawing sharp criticism from netizens and tax professionals.

Due date for filing of Income Tax Returns extend to 16th September 2025

September 16, 2025 59316 Views 0 comment Print

CBDT decided to further extend the due date for filing these ITRs for AY 2025-26 from 15th September, 2025 to 16th September, 2025.

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