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Interest

Section - Income Tax Act - Retrospective Effect- liability - pay Interest - Tax Crystallised-Kerala HC-TAXSCAN
Section 220(2) of Income Tax Act has no Retrospective Effect, No liability to pay Interest on Tax Crystallised: Kerala HC [Read Order]
October 24, 2023
Third - Party Statements used against assessee until and unless the opportunity of cross examination is afforded - TATIT Act towards receipt of interest free unsecured loan - TAXSCAN
Third-Party Statements cannot be used against  assessee until and unless the opportunity of cross examination is afforded: ITAT deletes of addition made u/s 68 IT Act towards receipt of interest free unsecured loan [Read Order]
October 24, 2023
Payment of Interest - Income Qualified for Deduction - Interest - Payment - ITAT - taxscan
Payment of Interest u/s 234B not Necessary when Certain Income Qualified for Deduction: ITAT [Read Order]
October 18, 2023
No Tax - Interest Accrued - FD subjected - CBI’s - Prohibitory Order - ITAT - taxscan
No Tax on Interest Accrued on FD subjected to CBI’s Prohibitory Order: ITAT [Read Order]
October 13, 2023
Partner should - entitled - deductions - computing - profit - salary - being considered -income - business-ITAT-TAXSCAN
Partner should be entitled to all deductions while computing his share of profit for the salary received being considered as income from business: ITAT [Read Order]
October 11, 2023
Compute Notional Interest - Interest is charged by Trust - ITAT - Notional Interest -Interest - Laxminarayan Mandir Trust - taxscan
Section 13(2)(a) doesn’t Authorize Revenue to Compute Notional Interest when No such Interest is charged by Trust: ITAT grants relief to Laxminarayan Mandir Trust [Read Order]
October 10, 2023
Haryana Govt’s - Tax Amnesty-Waives - Crore - Interest - Penalties - Property Tax Dues-TAXSCAN
Haryana Govt’s Tax Amnesty: Waives Rs 8,000 Crore in Interest and Penalties on Property Tax Dues
October 9, 2023
CBDT - Income Tax Exemption - Dental Council of India-TAXSCAN
CBDT Grants Income Tax Exemption to Dental Council of India u/s 10(46) [Read Notification]
October 7, 2023
No Issuance - SCN - Finance Act - Evidence - willful Short- Payment of Service Tax-CESTAT-TAXSCAN
No Issuance of SCN u/s 73(3) of Finance Act when There is No Evidence of willful Short Payment of Service Tax : CESTAT [Read Order]
October 6, 2023
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