![Protective Addition made to Save Interest of Revenue not permissible, Assessment cant be reopened based on contingent reason: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Protective-Addition-Interest-Interest-of-Revenue-Assessment-ITAT-taxscan-2.jpg "Protective Addition made to Save Interest of Revenue not permissible, Assessment cant be reopened based on contingent reason: ITAT [Read Order]")
Protective Addition made to Save Interest of Revenue not permissible, Assessment can't be reopened based on contingent reason: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Protective addition made to save interest of revenue is not permissible...
![No TDS applicable on Payment of Interest to its Member by Co-operative Bank: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/TDS-TDS-applicable-Payment-Interest-Co-operative-Bank-ITAT-Taxscan.jpg "No TDS applicable on Payment of Interest to its Member by Co-operative Bank: ITAT [Read Order]")
![Bonafide Discharge of Duties by Joint Commissioner in raising GST Penalty and Interest: Rajasthan HC withdraws SCN issued to JC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Discharge-of-Duties-Joint-Commissioner-GST-Penalty-Interest-Rajasthan-Highcourt-SCN-JC-taxscan.jpg "Bonafide Discharge of Duties by Joint Commissioner in raising GST Penalty and Interest: Rajasthan HC withdraws SCN issued to JC [Read Order]")
![CESTAT upholds eligibility of Capita India for Interest on delayed Sanction of Refund Claim under Rule 5 of CCR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/CESTAT-Capita-India-Interest-Refund-Claim-CCR-Cenvat-Credit-Rules-Excise-Customs-Service-Tax-taxscan.jpg "CESTAT upholds eligibility of Capita India for Interest on delayed Sanction of Refund Claim under Rule 5 of CCR [Read Order]")
![Interest cant be allowed on Seized Currency notes on Release: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Interest-Seized-Currency-notes-on-Release-Seized-Currency-notes-CESTAT-taxscan.jpg "Interest cant be allowed on Seized Currency notes on Release: CESTAT [Read Order]")
Taxability of Interest from Investment Earned by Co-Operative Society as 'Other Income': ITAT directs Re-Adjudication [Read Order]
In a recent ruling, the Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ), which is chaired by Judicial Member George George K. and Accountant Member Laxmi Prasad Sahu, instructed the...
![Taxability of Interest from Investment Earned by Co-Operative Society as Other Income: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Taxability-Interest-Interest-from-Investment-Other-Income-ITAT-Re-Adjudication-Taxscan.jpg "Taxability of Interest from Investment Earned by Co-Operative Society as Other Income: ITAT directs Re-Adjudication [Read Order]")
Co-Operative Society Eligible to Claim Deduction of Interest from Deposits in Co-Operative Banks: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), presided over by Judicial Member Vikas Awasthy, decided that the cooperative society is entitled to claim a deduction for said interest...
![Co-Operative Society Eligible to Claim Deduction of Interest from Deposits in Co-Operative Banks: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Co-Operative-Society-Claim-Deduction-of-Interest-Deduction-Deduction-of-Interest-Deposits-Co-Operative-Banks-ITAT-Income-Tax-Taxscan.jpg "Co-Operative Society Eligible to Claim Deduction of Interest from Deposits in Co-Operative Banks: ITAT [Read Order]")
![Interest received from FDR Taxable as ‘Other Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/FDR-Interest-Interest-received-from-FDR-Income-ITAT-taxscan.jpg "Interest received from FDR Taxable as ‘Other Income’: ITAT [Read Order]")
Disallowance of Expenditure of Interest in year of actual Payment in merchandise system of Accounting: ITAT deletes Addition made by AO
Income Tax Appellate Tribunal (ITAT), New Delhi deleted addition made by Assessing Officer (AO) on the ground of disallowance of expenditure of interest in year of actual payment in merchandise...
Withholding of Refund of Rs. 54 Crores by Income Tax Dept: Delhi HC directs to Process Refund to KRBL with Interest [Read Order]
In a major relief to M/s KRBL Limited, a division bench of the Delhi High Court has ordered the income tax department to process the refund of Rs. 54 Crores along with interest. The orders were...
![Withholding of Refund of Rs. 54 Crores by Income Tax Dept: Delhi HC directs to Process Refund to KRBL with Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Dept-Delhi-HC-Refund-KRBL-Interest-taxscan.jpg "Withholding of Refund of Rs. 54 Crores by Income Tax Dept: Delhi HC directs to Process Refund to KRBL with Interest [Read Order]")
Payment of Pre-deposit through Form GST DRC-03 not Valid for Service Tax / Excise Matters: CBIC Issues Guidelines following Bombay HC’s Direction
Pursuant to the direction issued by the Bombay High Court in Sodexo India Services Pvt. Ltd vs The Union of India and Ors [Writ Petition No.6220/2022] , the Central Board of Indirect Tax and Customs...
Interest on Fixed Deposits being Attributable and Incidental to the Trading Business, Exemption Claimable u/s. 10AA: ITAT [Read Order]
The Income Tax Appellate Tribunal(ITAT), Mumbai Bench, has recently held that interest on fixed deposits being attributable and incidental to the trading business, exemption under section 10AA of the...
![Interest on Fixed Deposits being Attributable and Incidental to the Trading Business, Exemption Claimable u/s. 10AA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Interest-Fixed-Deposits-Business-ITAT-taxscan.jpg "Interest on Fixed Deposits being Attributable and Incidental to the Trading Business, Exemption Claimable u/s. 10AA: ITAT [Read Order]")