![Interest Income not to be assessed When Assessee is Non-Resident: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Interest-Income-Interest-Income-Assessee-ITAT-Income-tax-taxscan.jpg "Interest Income not to be assessed When Assessee is Non-Resident: ITAT [Read Order]")
Interest Income not to be assessed When Assessee is Non-Resident: ITAT [Read Order]
A Division Bench of the Income Tax Appellate Tribunal (ITAT), Mumbai Bench observed that Interest income not to be assessed when assessee is...
![Incidental Income in form of Interest Income, eligible for Deduction u/s 10A: Delhi High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Incidental-Income-Interest-Income-Delhi-High-Court-taxscan.jpg "Incidental Income in form of Interest Income, eligible for Deduction u/s 10A: Delhi High Court [Read Order]")
![Interest Income from FDRs not Taxable till the Date of Final Arbitral Award where Ownership is Determined: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Interest-Income-FDRs-Delhi-HC-TAXSCAN.jpg "Interest Income from FDRs not Taxable till the Date of Final Arbitral Award where Ownership is Determined: Delhi HC [Read Order]")
![Interest Income from Staff Loans and Advances, Fixed Deposits and Advances to be Treated as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Interest-Income-Staff-Loans-Fixed-Deposits-Business-Income-ITAT-TAXSCAN.jpg "Interest Income from Staff Loans and Advances, Fixed Deposits and Advances to be Treated as Business Income: ITAT [Read Order]")
![Earning Interest Income from Inter-Corporate Deposit is Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/interest-income-Inter-corporate-Deposit-business-income-ITAT-taxscan.jpeg "Earning Interest Income from Inter-Corporate Deposit is Business Income: ITAT [Read Order]")
No Connection between Interest Income and PE: ITAT upholds Lower Tax Rate on Interest Income under Article 11(2) of Indo-Japanese Tax Treaty [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has upheld a lower tax rate on interest income under Article 11(2) of the Indo-Japanese tax treaty since no connection between interest...
![No Connection between Interest Income and PE: ITAT upholds Lower Tax Rate on Interest Income under Article 11(2) of Indo-Japanese Tax Treaty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/PE-ITAT-Lower-Tax-rate-Interest-Income-Indo-Japanese-Tax-Treaty-taxscan.jpeg "No Connection between Interest Income and PE: ITAT upholds Lower Tax Rate on Interest Income under Article 11(2) of Indo-Japanese Tax Treaty [Read Order]")
Interest Income earned by enterprises in Other Jurisdictions is Taxable, if attributable to the PE: ITAT [Read Order]
In a ruling, in favour of Marubeni Corporation India Pvt. Ltd, the Mumbai bench of Income Tax Appellant Tribunal has held that Interest income earned by the enterprise in other jurisdictions is...
![Interest Income earned by enterprises in Other Jurisdictions is Taxable, if attributable to the PE: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Interest-income-jurisdictions-taxable-ITAT-taxscan.jpeg "Interest Income earned by enterprises in Other Jurisdictions is Taxable, if attributable to the PE: ITAT [Read Order]")
Interest Income only cannot attract Depreciation under Section 32 of the Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal Ahmedabad ( ITAT ) Presided by Vice President P.M. Jagtap, and Judicial Member Siddhartha Nautiyal has held that, assessee not earning any business income and has...
![Interest Income only cannot attract Depreciation under Section 32 of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Interest-Income-Depreciation-n-Income-Tax-Act-ITAT-taxscan.jpg "Interest Income only cannot attract Depreciation under Section 32 of the Income Tax Act: ITAT [Read Order]")
CBDT notifies Regional Air Connectivity Fund Trust eligible for Income Tax Exemption [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the Regional Air Connectivity Fund Trust eligible for Section 10(46) Income Tax Exemption. The Central Government has notified ‘Regional...
![CBDT notifies Regional Air Connectivity Fund Trust eligible for Income Tax Exemption [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/01/CBDT-Regional-Air-Connectivity-Fund-Trust-Section-1046-Income-tax-exemption-Taxscan.jpeg "CBDT notifies Regional Air Connectivity Fund Trust eligible for Income Tax Exemption [Read Notification]")
Interest Income can't be included in Total Income of Assessee as Mercantile System of Accounting in juxtaposition to ‘Real Income Theory’: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench ruled that Interest Income cannot be included in the total income of the assessee as a mercantile system of accounting in juxtaposition to ‘real...
![Interest Income cant be included in Total Income of Assessee as Mercantile System of Accounting in juxtaposition to ‘Real Income Theory’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Interest-Income-mercantile-system-of-accounting-real-income-theory-ITAT-Taxscan.jpg "Interest Income cant be included in Total Income of Assessee as Mercantile System of Accounting in juxtaposition to ‘Real Income Theory’: ITAT [Read Order]")
CBDT notifies Format, Procedure and Guidelines for submission of SFT for Interest Income [Read Notification]
The Central Board of Direct Taxes (CBDT) notified the Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for interest income. Section 285BA of the Income...
![CBDT notifies Format, Procedure and Guidelines for submission of SFT for Interest Income [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/04/CBDT-Format-Procedure-and-Guidelines-for-submission-SFT-Interest-income-Taxscan.jpeg "CBDT notifies Format, Procedure and Guidelines for submission of SFT for Interest Income [Read Notification]")
![ITAT restores matter to AO to determine Deduction of Business Income and Interest Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-AO-deduction-of-business-income-interest-income-Taxscan.jpg "ITAT restores matter to AO to determine Deduction of Business Income and Interest Income [Read Order]")