![Sugar Company Claims Rs. 14.45 Lakh Interest on FDs against Pre-Operative Expenses: ITAT Allows Set-Off [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/500x300_2094869-sugar-mills-taxscan.webp "Sugar Company Claims Rs. 14.45 Lakh Interest on FDs against Pre-Operative Expenses: ITAT Allows Set-Off [Read Order]")
Sugar Company Claims Rs. 14.45 Lakh Interest on FDs against Pre-Operative Expenses: ITAT Allows Set-Off [Read Order]
The Panaji Bench of Income Tax Appellate Tribunal ( ITAT ) allowed a set-off of Rs. 14.45 lakh interest earned on fixeddeposits (FD) by the assessee...
![Interest u/s 244A of Income Tax Not Automatically Payable on Court-Ordered Refunds Unless Specifically Directed or Demand is Final: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/250x150_2092951-income-tax-refund-interest.webp "Interest u/s 244A of Income Tax Not Automatically Payable on Court-Ordered Refunds Unless Specifically Directed or Demand is Final: Calcutta HC [Read Order]")
![Interest Mandatory on Amounts Payable under Provisional Assessment but Not Paid on Due Date: CESTAT in BHEL Case [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/250x150_2090860-relief-to-bhel-cestat-rules-liquidated-damages-not-liable-to-service-tax-taxscan-1.webp "Interest Mandatory on Amounts Payable under Provisional Assessment but Not Paid on Due Date: CESTAT in BHEL Case [Read Order]")
![Loans from Sister Concern Treated as Deemed Dividend u/s 2(22)(e): ITAT Deletes Addition, Treating It as Business Current Account with Interest Repayment [Read Order]](https://images.taxscan.in/h-upload/2025/09/20/250x150_2089037-itat-ahmedabad-loans-interest-repayment-taxscan.webp "Loans from Sister Concern Treated as Deemed Dividend u/s 2(22)(e): ITAT Deletes Addition, Treating It as Business Current Account with Interest Repayment [Read Order]")
![Appeals on Breach of Exemption Notification Conditions Lie with HC u/s 130 of Customs Act: Supreme Court [Read Judgement]](https://images.taxscan.in/h-upload/2025/09/09/250x150_2084903-customs-act-supreme-court-appeals-on-breach-exemption-notification-taxscan.webp "Appeals on Breach of Exemption Notification Conditions Lie with HC u/s 130 of Customs Act: Supreme Court [Read Judgement]")
![GST Refund Claim Paid by Revenue Along with Interest: Supreme Court Dismisses SLP [Read Judgement]](https://images.taxscan.in/h-upload/2025/08/05/500x300_2073162-gst-refund.webp "GST Refund Claim Paid by Revenue Along with Interest: Supreme Court Dismisses SLP [Read Judgement]")
ITAT Grants Assessee One More Opportunity to Substantiate Claims regarding S.69A in interest of Justice [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai, has allowed the appeal of S.S.S. Exports and remanded the case back to the Commissioner of Income Tax (Appeals) for a fresh hearing. The dispute...
![ITAT Grants Assessee One More Opportunity to Substantiate Claims regarding S.69A in interest of Justice [Read Order]](https://images.taxscan.in/h-upload/2025/07/29/500x300_2070478-itat-itat-grants-assessee-opportunity-to-substantiate-claims-substantiate-claims-taxscan.webp "ITAT Grants Assessee One More Opportunity to Substantiate Claims regarding S.69A in interest of Justice [Read Order]")
IFSCA notifies IFSCA (Procedure for making regulations and subsidiary instructions) Regulations, 2025
The International Financial Services Centres Authority ( IFSCA ) has notified the IFSCA (Procedure for Making Regulations and Subsidiary Instructions) Regulations, 2025. The notification, published...
Loan granted under state govt sponsored scheme not Amounts debt u/s 2(g) of RDB Act, Proceeding under SARFAESI Act Not Maintainable: DRAT
The Debts Recovery Appellate Tribunal (DRAT) at Allahabad Bench has ruled that loan granted under state government-sponsored scheme is not amount to debt under section 2(g) of the Recovery of Debts...
Delayed TDS Payment: Jharkhand HC Quahes Proceedings initiated under Income Tax Act considering Payment of tax with interest [Read Order]
The High Court of Jharkhand has quashed the order passed by the Special Judge, Economic Offences, Ranchi in Economic Offence on finding that the continuation of the criminal proceeding against the...
![Delayed TDS Payment: Jharkhand HC Quahes Proceedings initiated under Income Tax Act considering Payment of tax with interest [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/500x300_2044172-income-tax-act-payment-tds-payment-taxscan.webp "Delayed TDS Payment: Jharkhand HC Quahes Proceedings initiated under Income Tax Act considering Payment of tax with interest [Read Order]")
ITAT Favors Micromax in ₹16 Cr FD Interest and Section 14A Dispute; Quashes Revision Order [Read Order]
In a recent ruling, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) granted relief to Micromax Informatics Ltd. by quashing a revision order concerning Rs. 16 crore fixed deposit (FD)...
![ITAT Favors Micromax in ₹16 Cr FD Interest and Section 14A Dispute; Quashes Revision Order [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2043240-itat-revision-order-fd-interest-taxscan.webp "ITAT Favors Micromax in ₹16 Cr FD Interest and Section 14A Dispute; Quashes Revision Order [Read Order]")
![No Interest on Timely Refund of Pre-Deposit, Rules CESTAT: Assessee’s Appeal Rejected [Read Order]](https://images.taxscan.in/h-upload/2025/06/09/500x300_2041876-interest-refund-pre-deposit-rules-cestat-assessees-appeal-rejected-taxscan.webp "No Interest on Timely Refund of Pre-Deposit, Rules CESTAT: Assessee’s Appeal Rejected [Read Order]")