![Delhi HC Refuses to Enhance Bank Guarantee Demand to Release Seized Gold Imported after Export for Exhibition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Delhi-High-Court-Delhi-High-Court-Refuses-to-Enhance-Bank-Guarantee-Demand-Bank-Guarantee-Demand-Seized-Gold-Imported-after-Export-for-Exhibition-Seized-Gold-Exhibition-Export-Taxscan.jpg "Delhi HC Refuses to Enhance Bank Guarantee Demand to Release Seized Gold Imported after Export for Exhibition [Read Order]")
Delhi HC Refuses to Enhance Bank Guarantee Demand to Release Seized Gold Imported after Export for Exhibition [Read Order]
A Division Bench of the Delhi High Court refused to enhance the bank guarantee demand to release the seized gold imported after export for...
![Bank Guarantee Imposed in Furtherance Freezing Accounts Unwanted: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Bank-Guarantee-Imposed-in-Furtherance-Freezing-Accounts-Supreme-Court-Bank-Guarantee-Freezing-Accounts-Taxscan.jpg "Bank Guarantee Imposed in Furtherance Freezing Accounts Unwanted: Supreme Court [Read Order]")
![Supreme Court sets aside Pre deposit of Bank Guarantee as Condition for Bail [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/04/Supreme-Court-Pre-deposit-of-Bank-Guarantee-Pre-deposit-Bank-Guarantee-Pre-deposit-of-Bank-Guarantee-as-Condition-for-Bail-Bail-Taxscan.jpg "Supreme Court sets aside Pre deposit of Bank Guarantee as Condition for Bail [Read Judgement]")
![CESTAT reduces Floor Limits of Bond and Bank Guarantee prescribed for allowing Provisional Release of Confiscated Goods [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/CESTAT-Floor-Limits-Bond-Bank-Guarantee-Confiscated-Goods-taxscan.jpg "CESTAT reduces Floor Limits of Bond and Bank Guarantee prescribed for allowing Provisional Release of Confiscated Goods [Read Order]")
Relief to Asian Paints: Madras HC orders GST Dept to release Seized Goods upon receipt of Bank Guarantee [Read Order]
In a relief to Asian Paints Limited, a leading brand and manufacturer in paints, the Madras High Court has directed the GST department to accept a bank guarantee and release the goods under the...
![Relief to Asian Paints: Madras HC orders GST Dept to release Seized Goods upon receipt of Bank Guarantee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Asian-Paints-Madras-HC-GST-Dept-Seized-Goods-Bank-Guarantee-Taxscan.jpeg "Relief to Asian Paints: Madras HC orders GST Dept to release Seized Goods upon receipt of Bank Guarantee [Read Order]")
CESTAT directs Provincial Release of Goods on reduced Bank Guarantee taking into account Financial losses and damaging of Seized Goods [Read Order]
The Mumbai Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) reduced the Bank Guarantee taking into account financial losses and damaging of the Seized Goods. The appellant,...
![CESTAT directs Provincial Release of Goods on reduced Bank Guarantee taking into account Financial losses and damaging of Seized Goods [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/CESTAT-Bank-Guarantee-financial-losses-Seized-Goods-Taxscan.jpg "CESTAT directs Provincial Release of Goods on reduced Bank Guarantee taking into account Financial losses and damaging of Seized Goods [Read Order]")
GST: Gujarat HC directs Release of Goods and Vehicle Confiscated on deposit of Rs.1.70 Lakh along with Bank Guarantee [Read Order]
The Gujarat High Court directed the release of the goods and vehicle confiscated on the deposit of Rs.1.70 Lakhs along with a bank guarantee. The writ applicant, M/s Radha TradelinksPvt. Ltd. is...
![GST: Gujarat HC directs Release of Goods and Vehicle Confiscated on deposit of Rs.1.70 Lakh along with Bank Guarantee [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Release-Goods-Vehicle-Bank-Guarantee-Seized-Goods-GST-Taxscan.jpg "GST: Gujarat HC directs Release of Goods and Vehicle Confiscated on deposit of Rs.1.70 Lakh along with Bank Guarantee [Read Order]")
Payment for Encashment of Bank Guarantee and Interest on Late Payment is Capital Expenditure: Delhi High Court [Read Judgment]
A two-judge bench of the Delhi High Court has held that the payment for encashment of bank guarantee and the interest paid on late payment are capital expenditure for the purpose of Income Tax Act. ...
![Payment for Encashment of Bank Guarantee and Interest on Late Payment is Capital Expenditure: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/10/Refund-Claims-Delhi-High-Court-Taxscan.jpg "Payment for Encashment of Bank Guarantee and Interest on Late Payment is Capital Expenditure: Delhi High Court [Read Judgment]")
Loss due to Encashment of Bank Guarantee for Non-Fulfilment of the Work awarded to the assessee is allowable Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) New Delhi, in Green Delhi BQS Limited vs. ACIT, held that loss due to encashment of bank guarantee for non-fulfilment of the work awarded to the assessee is...
![Loss due to Encashment of Bank Guarantee for Non-Fulfilment of the Work awarded to the assessee is allowable Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenditure-Taxscan.jpg "Loss due to Encashment of Bank Guarantee for Non-Fulfilment of the Work awarded to the assessee is allowable Expenditure: ITAT [Read Order]")
Interest earned by a Company from fixed deposit furnished as Bank Guarantee to obtain License is a “Capital Receipt”: ITAT Mumbai [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal, has recently ruled that the amount of interest received by a company from its fixed deposit account which was made by it for the purpose of...
![Interest earned by a Company from fixed deposit furnished as Bank Guarantee to obtain License is a “Capital Receipt”: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Interest-Bank-Guarantee-Tax-Scan.jpg "Interest earned by a Company from fixed deposit furnished as Bank Guarantee to obtain License is a “Capital Receipt”: ITAT Mumbai [Read Order]")