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![ITAT Allows Prior-Period Interest Deduction Citing No Revenue Loss [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/500x300_2044235-interest-deduction-revenue-loss-itat.webp "ITAT Allows Prior-Period Interest Deduction Citing No Revenue Loss [Read Order]")
ITAT Allows Prior-Period Interest Deduction Citing No Revenue Loss [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has allowed the deduction of prior-period interest expenses for the appellant, holding...
![GST Returns not filed and Taxes not Paid during COVID period: Madras HC sets aside Demand Order on Rs. 2L pre-deposit condition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/GST-Returns-pre-deposit-Taxes-GST-Madras-High-Court-Goods-and-Services-Tax-COVID-period-GST-demand-taxscan.jpg "GST Returns not filed and Taxes not Paid during COVID period: Madras HC sets aside Demand Order on Rs. 2L pre-deposit condition [Read Order]")
![Penalty Imposed after Full GST and Interest Liability Discharged: Madras HC allows to file Statutory Appeal to Contest Penalty Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Penalty-Imposed-GST-Interest-Liability-Discharged-Madras-HC-Statutory-Appeal-Penalty-Order-taxscan.jpg "Penalty Imposed after Full GST and Interest Liability Discharged: Madras HC allows to file Statutory Appeal to Contest Penalty Order [Read Order]")
![No Interest liability arises on Merely availed CENVAT credit and reversed before utilizing for remittance of Excise duty: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Remittance-of-Excise-duty-Excise-duty-reversed-before-utilizing-utilizing-for-remittance-of-Excise-duty-Interest-liability-arises-on-Merely-availed-CENVAT-credit-TAXSCAN.jpg "No Interest liability arises on Merely availed CENVAT credit and reversed before utilizing for remittance of Excise duty: CESTAT [Read Order]")
![Irregularities in Reversal of Cenvat Credit against Hindustan Petroleum: CESTAT Remands Matter for Computation of Interest liability for Premature Availment of credit on Capital Goods [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Irregularities-in-Reversal-of-Cenvat-Credit-Reversal-of-Cenvat-Credit-Hindustan-Petroleum-CESTAT-Premature-Availment-CESTAT-News-Excice-Customs-Tax-News-TAXSCAN.jpg "Irregularities in Reversal of Cenvat Credit against Hindustan Petroleum: CESTAT Remands Matter for Computation of Interest liability for Premature Availment of credit on Capital Goods [Read Order]")
![Relief to Vodafone, CESTAT rules Unutilized CENVAT credit does not Incur Interest Liability [Read Order]Â](https://www.taxscan.in/wp-content/uploads/2023/10/Relief-to-Vodafone-Vodafone-Relief-CENVAT-credit-Unutilized-CENVAT-credit-CESTAT-rules-Unutilized-CENVAT-credit-taxscan.jpg "Relief to Vodafone, CESTAT rules Unutilized CENVAT credit does not Incur Interest Liability [Read Order]Â")
Interest Liability Payable for Normal Period alone can be Adjusted: CESTAT orders Payment of Demand of Interest u/s 75 of Finance Act [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), ordered payment of demand of interest under Section 75 of Finance Act, 1994 and ruled that interest liability...
![Interest Liability Payable for Normal Period alone can be Adjusted: CESTAT orders Payment of Demand of Interest u/s 75 of Finance Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Interest-Liability-Liability-Interest-Liability-Payable-for-Normal-Period-alone-can-be-Adjusted-Normal-Period-CESTAT-taxscan.jpg "Interest Liability Payable for Normal Period alone can be Adjusted: CESTAT orders Payment of Demand of Interest u/s 75 of Finance Act [Read Order]")
GST Interest Liability is Automatic, Leviable only after Completion of Adjudication Proceedings: Jharkhand HC [Read Judgment]
The JharkhandHigh Court, on Tuesday, held that the Interest liability under Section 50 of the Central Goods and Service Tax (CGST), 2017 is automatic, but its computation and demand can be raised only...
![GST Interest Liability is Automatic, Leviable only after Completion of Adjudication Proceedings: Jharkhand HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/04/GST-Interest-Liability-GST-Taxscan.jpg "GST Interest Liability is Automatic, Leviable only after Completion of Adjudication Proceedings: Jharkhand HC [Read Judgment]")