![Interest from Bank Deposit Does Not qualify for S. 36(1)(viii) Deduction: SC says it’s Not Income ‘Derived From’ Long-Term Finance [Read Judgement]](https://images.taxscan.in/h-upload/2025/12/11/500x300_2111469-interest-from-bank-deposit-qualify-s-361viii-deduction-sc-income-derived-long-term-finance-taxscan.webp "Interest from Bank Deposit Does Not qualify for S. 36(1)(viii) Deduction: SC says it’s Not Income ‘Derived From’ Long-Term Finance [Read Judgement]")
Interest from Bank Deposit Does Not qualify for S. 36(1)(viii) Deduction: SC says it’s Not Income ‘Derived From’ Long-Term Finance [Read Judgement]
The Supreme Court has held that interest earned from short-term bank deposits cannot qualify for deduction under Section 36(1)(viii) of the Income...
![Centre Revises Nomination Rules for Bank Deposits, Lockers, and Safe Custody [Read Notification]](https://images.taxscan.in/h-upload/2025/10/28/250x150_2100575-nomination-rules-bank-deposits-safe-custody-lockers-rules-for-bank-deposits-taxscan.webp "Centre Revises Nomination Rules for Bank Deposits, Lockers, and Safe Custody [Read Notification]")
![Centre Notifies Enforcement Date for Key Provisions of the Banking Laws (Amendment) Act, 2025 [Read Notification]](https://images.taxscan.in/h-upload/2025/10/23/250x150_2099360-banking-laws-amendment-act-centre-notifies-enforcement-date-taxscan.webp "Centre Notifies Enforcement Date for Key Provisions of the Banking Laws (Amendment) Act, 2025 [Read Notification]")
![CBDT Grants Income Tax Exemption to Baddi Barotiwala Nalagarh Development Authority [Read Notification]](https://images.taxscan.in/h-upload/2025/07/15/250x150_2064134-income-tax-exemption-development-authority-income-tax-taxscan.webp "CBDT Grants Income Tax Exemption to Baddi Barotiwala Nalagarh Development Authority [Read Notification]")
Not Every Bank Deposit constitutes Income: ITAT remands Agriculturist's Unexplained Cash Deposit Matter for Reconsideration [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that not all bank deposits could be presumed as taxable income and remanded two appeals concerning additions of unexplained...
![Not Every Bank Deposit constitutes Income: ITAT remands Agriculturists Unexplained Cash Deposit Matter for Reconsideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Bank-Deposit-Constitutes-Income-ITAT-ITAT-Remands-Unexplained-Cash-Deposit-Reconsideration-taxable-income-unexplained-cash-deposits-Commissioner-of-Income-Tax-CIT-Taxscan.jpg "Not Every Bank Deposit constitutes Income: ITAT remands Agriculturists Unexplained Cash Deposit Matter for Reconsideration [Read Order]")
Bank Deposit In Pursuance of One Time Settlement Proposal Remains Corporate Debtor's Asset When Settlement Fails: NCLAT Rules Against BOI [Read Order]
In a ruling against Bank of India (BOI), the New Delhi bench of National Company Law Appellate Tribunal (NCLAT) has held that the amount deposited with the bank by the corporate debtor in pursuance...
Kerala Co-operative Deposit Guarantee Fund Board exempted from Income Tax u/s 10(46): CBDT [Read Notification]
The Central Board of Direct Taxes ( CBDT ) exempted Kerala Co-operative Deposit Guarantee Fund Board under Section 10(46) from Income Tax Act, 1961. The board vide notification no. S.O. 2242(E) dated...
![Kerala Co-operative Deposit Guarantee Fund Board exempted from Income Tax u/s 10(46): CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/06/Income-Tax-Income-Tax-Act-CBDT-kerala-co-operative-deposit-guarantee-fund-board-taxscan.jpg "Kerala Co-operative Deposit Guarantee Fund Board exempted from Income Tax u/s 10(46): CBDT [Read Notification]")
CBDT notifies Income Tax Exemption to “Tamil Nadu Water Supply and Drainage Board, Chennai” u/s 10(46) [Read Notification]
The Central Board of Direct Taxes ( CBDT ) Grants Income Tax Exemption to Tamil Nadu Water Supply and Drainage Board, Chennai Under Section 10(46) of Income Tax Act, 1961 The following income of...
![CBDT notifies Income Tax Exemption to “Tamil Nadu Water Supply and Drainage Board, Chennai” u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/05/CBDT-Chennai-Under-Section-1046-of-Income-Tax-Act-Income-Tax-Act-The-Central-Board-of-Direct-Taxes-Taxscan.jpg "CBDT notifies Income Tax Exemption to “Tamil Nadu Water Supply and Drainage Board, Chennai” u/s 10(46) [Read Notification]")
CBDT grants Income Tax Exemption to Tamil Nadu Electricity Regulatory Commission u/s 10(46) [Read Notification]
The Central Board of Direct Taxes ( CBDT ) has granted the Income tax exemption to Tamil Nadu Electricity Regulatory Commission under Section 10(46) of Income Tax Act. The following income are...
![CBDT grants Income Tax Exemption to Tamil Nadu Electricity Regulatory Commission u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/05/CBDT-Central-Board-of-Direct-Taxes-Income-Tax-Exemption-Tamil-Nadu-Electricity-Regulatory-Commission-taxscan.jpg "CBDT grants Income Tax Exemption to Tamil Nadu Electricity Regulatory Commission u/s 10(46) [Read Notification]")
CBDT notifies Income Tax Exemption to Karnataka State Rural Livelihood Promotion Society u/s 10(46) [Read Notification]
The Central Board of Direct Taxes (CBDT), vide notification no. S.O. 41(E) dated 2nd January 2024 has notified the income tax exemption to Karnataka State Rural Livelihood Promotion Society under the...
![CBDT notifies Income Tax Exemption to Karnataka State Rural Livelihood Promotion Society u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/01/CBDT-Income-Tax-Exemption-Karnataka-State-Rural-Livelihood-Promotion-Society-Income-Tax-TAXSCAN.jpg "CBDT notifies Income Tax Exemption to Karnataka State Rural Livelihood Promotion Society u/s 10(46) [Read Notification]")
![CBDT Grants Income Tax Exemption to Maharashtra Council of Homoeopathy u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/11/Income-Tax-Exemption-Maharashtra-Council-of-Homoeopathy-Homoeopathy-Tax-Exemption-News-Homoeopathy-Tax-Exemption-TAXSCAN.jpg "CBDT Grants Income Tax Exemption to Maharashtra Council of Homoeopathy u/s 10(46) [Read Notification]")