![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 FDRs not Taxable till the Date of Final Arbitral Award where Ownership is Determined: Delhi HC [Read Order]
The Delhi High Court has held that the income tax is not leviable on the interest income from FDRs till the date of the final arbitral awardwhere the...
![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]](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]](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]")
ITAT directs AO to allow Expenditure incurred at Head Office except director Salary against Interest Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench directed AO to allow expenditure incurred at Head Office except for director salary against interest income. The assessee, M/s. The...
![ITAT directs AO to allow Expenditure incurred at Head Office except director Salary against Interest Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-AO-expenditure-interest-income-Taxscan.jpg "ITAT directs AO to allow Expenditure incurred at Head Office except director Salary against Interest Income [Read Order]")