Travel loan is a personal loan variant designed to finance only vacation or travel related costs. However, not many lenders offer it as a loan variant. As the features offered on travel loans are almost

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) deleted the addition as interest on Loan duly paid by the assessee after deducting TDS. The assessee, M/s. Heilgers Development & Construction Company Pvt. Ltd. is

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi Bench had ruled that the department is liable to pay  interest from the date of expiry of 3 months from date of receipt of application

The Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, has recently, in an appeal filed before it regarding TDS on interest income on FDRs, rejected the plea by Emaar’s subsidiary on interest paid to

In a recent ruling, the Delhi High Court held that interest can be allowed on Refund of interest Waived by the Department under section 220(2A) of the Income Tax Act. The bench was hearing a bunch

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chandigarh bench, while allowing an appeal filed by Gautam Industries, directed the excise department to pay 12% interest on the amount of deposit collected during the

Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the amount of interest paid for the delayed payment of services tax shall be treated as a permissible deduction from the Business Income for the

In CIT v. Jubiliant Enterprises Pvt. Ltd, the division bench of the Bombay High Court confirmed that the disallowance of interest under Section 14A of the Income Tax Act should be made with reference to

The Income Tax Appellate Tribunal (ITAT) Kolkata  Bench held that no addition could be made on basis of notional interest  due to failure to receive Interest for the loan advanced by the assessee finance company.

The Income Tax Appellate Tribunal (ITAT), Hyderabad bench, in the case of DRS Warehousing (South) v. ITO, held that the interest on FDs earned during the pre-operative period is taxable as ‘Income from Other Sources’

A two-judge bench of the Supreme Court has held that the non-banking finance companies are not liable to pay interest tax on the interest component received under the hire-purchase agreement under the Interest Tax Act,

The Income Tax authorities are all set to check the bank accounts of people earning interest of Rs 5 lakh or more from fixed deposits, a report in Times of India said. As per the

The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Protective addition made to save interest of revenue is not permissible and the assessment can't be reopened based on contingent

The Income Tax Appellate Tribunal (ITAT) Delhi bench held that no addition should be made if the assessee has sufficient interest free fund to provide interest free loans. Therefore the bench dismissed the revenue's appeal. Assessee

In a significant judgment, the Kerala Real Estate Appellate Tribunal (REAT) has directed respondent Shobha Ltd to pay 12% interest for receiving and utilising the allottee's money for 18 months without executing a RERA-compliant agreement.