News & Updates Latest Tax newsGST Portal to Remain Unavailable Tomorrow for System Upgrade: Check Timings August 29, 2025The GST portal is often subject to routine upgrades due to the high number of visitors to the website. AnusreeCommon Area Maintenance Charges Paid to Mall is not Construed as ‘Rent’ for the Purposes of TDS: Delhi HC [Read Order] August 29, 2025The Delhi High Court concurred with the earlier ruling of the ITAT which granted relief to the Assessee. AnusreeSEBI Issues Technical Clarifications on Cybersecurity and Cyber Resilience Framework for Regulated Entities [Read Circular] August 29, 2025SEBI issued technical clarifications to strengthen the Cybersecurity and Cyber Resilience Framework for all regulated entities. Farhana Intern 5Section 56(2)(vii)(b)(ii) does Not Apply to Land Purchase Made Prior to 1st April 2014: ITAT deletes Addition [Read Order] August 29, 2025The Tribunal noted that the Assessing Officer could not have legally brought this transaction within the ambit of tax. Moreover, documentary evidence proves valid consideration. Therefore, setting aside the order of the CIT(A) HaripriyaCustoms Duty on Imports Mistakenly Paid Twice on Same Bills of Entry: CESTAT Orders Refund of Second Payment [Read Order] August 29, 2025The bench, observing that the department cannot unjustly enrich itself by retaining amounts paid twice for the same import transaction, ordered the refund HaripriyaMaintenance Charges Collected from Tenants Not Liable to Service Tax under “Management, Maintenance or Repair Service”: CESTAT [Read Order] August 29, 2025CESTAT held that maintenance charges collected from tenants as reimbursement of actual costs are not liable to service tax under “management, maintenance or repair service” HaripriyaRevenue Ignores Registry’s Defect Memo and Reminders sent by Registry: ITAT dismisses Revenue’s Appeal [Read Order] August 29, 2025The Tribunal relied on evidence in the form of defect memos and repeated reminders issued by the Registry, noting that the Revenue failed to remove defects in the prescribed filing procedure, alongside granting the Revenue the right to approach the Tribunal for restoration of appeal HaripriyaStock Exchange and Demat Records Prove Share Transactions: ITAT deletes Additions u/s 153A [Read Order] August 29, 2025Tribunal upheld share transactions as genuine based on stock exchange, demat, and banking records, and applied the Reliance Utilities ruling to restrict interest disallowance HaripriyaFrom Registration to Refunds: ICAI Suggests Fixes for Practical Issues in GST [Read suggestions] August 29, 2025The institute has provided the suggestions on 6 heads after consulting with the members, which is relevant for accountants and the taxpayers. HaripriyaReassessment against Struck-Off Company Void-Ab-Initio: ITAT Relies on Zauba Corp and MCA Records Confirming Strike-Off Status [Read Order] August 29, 2025The Tribunal declared assessment proceedings initiated against a struck-off company as void-ab-initio. Haripriya
