![Relief to Aircel: CESTAT deletes Demand of Short Paid Service Tax with Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Aircel-CESTAT-Demand-Short-Paid-Service-Tax-Service-Tax-Interest-Relief-to-Aircel-taxscan-.jpg "Relief to Aircel: CESTAT deletes Demand of Short Paid Service Tax with Interest [Read Order]")
Relief to Aircel: CESTAT deletes Demand of Short Paid Service Tax with Interest [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), granted relief to M/s. Aircel Limited, the appellant and...
![Delay in VAT Refund: Delhi HC Slams Dept for Unnecessary Burden If Interest on Ex-Chequer and Unnecessary Imposition on Judicial Time [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/VAT-Refund-VAT-Refund-Delhi-High-Court-slammed-Department-Burden-Interest-Ex-Chequer-Judicial-Time-taxscan.jpg "Delay in VAT Refund: Delhi HC Slams Dept for Unnecessary Burden If Interest on Ex-Chequer and Unnecessary Imposition on Judicial Time [Read Order]")
![Interest on House Loan Deductible: ITAT allows Carry Forward of Loss of Rental Income Against “Other Income” [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Interest-on-House-Loan-Interest-House-Loan-ITAT-Rental-Income-Other-Income-Income-Tax-Tax-taxscan.jpg "Interest on House Loan Deductible: ITAT allows Carry Forward of Loss of Rental Income Against “Other Income” [Read Order]")
![Mere Claim of Interest of Housing Loan in ITR by Son of Assessee Would Not Absolve Capital Gain Tax Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Claim-Interest-of-Housing-Loan-Housing-Loan-Loan-ITR-Capital-Gain-Tax-Liability-Tax-Income-tax-taxscan.jpg "Mere Claim of Interest of Housing Loan in ITR by Son of Assessee Would Not Absolve Capital Gain Tax Liability: ITAT [Read Order]")
![APIIC liable to Pay GST on Interest received on Annual installments: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/APIIC-Pay-GST-Interest-received-Annual-installments-AAR-TAXSCAN.jpg "APIIC liable to Pay GST on Interest received on Annual installments: AAR [Read Order]")
Relief to SBI: ITAT holds Unrealized Interest on Borrower Accounts Classified as Non-Performing Accounts to be Non-Taxable [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench, has recently , in the appeals filed before it, while granting relied to SBI, held that unrealized interest on borrower...
![Relief to SBI: ITAT holds Unrealized Interest on Borrower Accounts Classified as Non-Performing Accounts to be Non-Taxable [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/SBI-ITAT-Unrealized-Interest-Interest-Borrower-Accounts-Non-Performing-Accounts-Non-Taxable-Income-Tax-Taxable-Tax-taxscan.jpg "Relief to SBI: ITAT holds Unrealized Interest on Borrower Accounts Classified as Non-Performing Accounts to be Non-Taxable [Read Order]")
Penalty u/s. 114A imposable only for person who is liable to pay Duty or Interest under section 28: CESTAT [Read Order]
The Mumbai bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that the penalty under section 114A of the Income Tax Act, 1961 is imposable only for the person...
![Penalty u/s. 114A imposable only for person who is liable to pay Duty or Interest under section 28: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Penalty-pay-Duty-Interest-CESTAT-taxscan.jpg "Penalty u/s. 114A imposable only for person who is liable to pay Duty or Interest under section 28: CESTAT [Read Order]")
Portfolio Management Company cannot determine Performance Fee on Estimate Basis to pay Advance Tax: ITAT deletes Excess Interest u/s 234C [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) in a recent ruling deleted the excess interest under Section 234C of the Income Tax Act 1961 observing that the Portfolio Management Company...
![Portfolio Management Company cannot determine Performance Fee on Estimate Basis to pay Advance Tax: ITAT deletes Excess Interest u/s 234C [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Portfolio-Management-Company-Portfolio-Management-Performance-Fee-Advance-Tax-Tax-ITAT-Interest-Income-Tax-taxscan.jpg "Portfolio Management Company cannot determine Performance Fee on Estimate Basis to pay Advance Tax: ITAT deletes Excess Interest u/s 234C [Read Order]")
No Interest demand in absence of Condition precedent u/s 11AA of Central Excise Act: CESTAT [Read Order]
The New Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) ruled that no interest demand can be made in absence of condition precedent under Section 11AA of Central...
![No Interest demand in absence of Condition precedent u/s 11AA of Central Excise Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Interest-demand-Interest-demand-Central-Excise-Act-Central-Excise-Excise-CESTAT-taxscan.jpg "No Interest demand in absence of Condition precedent u/s 11AA of Central Excise Act: CESTAT [Read Order]")
Commissioner (Appeals) has No Jurisdiction to issue SCN u/s73 of Finance Act, Order confirming demand of Interest and Penalty is not valid: CESTAT [Read Order]
The New Delhi ,Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) held that Commissioner (Appeals) has no Jurisdiction to issue SCN under section 73 of the Finance Act, 1994 and the order...
![Commissioner (Appeals) has No Jurisdiction to issue SCN u/s73 of Finance Act, Order confirming demand of Interest and Penalty is not valid: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Commissioner-SCN-Finance-Act-Order-demand-of-Interest-demand-Penalty-Interest-CESTAT-Order-confirming-demand-taxscan.jpg "Commissioner (Appeals) has No Jurisdiction to issue SCN u/s73 of Finance Act, Order confirming demand of Interest and Penalty is not valid: CESTAT [Read Order]")
Benefit of S.73(3) can't be denied When Assessee discharged entire Service Tax along with Interest: CESTAT [Read Order]
The Ahmedabad bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that benefit of Section 73(3) of the Finance Act, 1994 can't be denied when the assessee...
![Benefit of S.73(3) cant be denied When Assessee discharged entire Service Tax along with Interest: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Service-Tax-Tax-Interest-CESTAT-taxscan.png "Benefit of S.73(3) cant be denied When Assessee discharged entire Service Tax along with Interest: CESTAT [Read Order]")
One Day Delay in Debiting Amount from Bank due to Mistake of Banker: ITAT Waives Off Interest [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ), while waiving off the interest levied by the income tax department for short-levy of TDS, has held that interest cannot be levied for...
![One Day Delay in Debiting Amount from Bank due to Mistake of Banker: ITAT Waives Off Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Debiting-Amount-Bank-Mistake-of-Banker-Banker-ITAT-Interest-taxscan.jpg "One Day Delay in Debiting Amount from Bank due to Mistake of Banker: ITAT Waives Off Interest [Read Order]")