![Refund of Deposit during Investigation: CESTAT allows Interest @12% from the Date of Deposit [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Refund-Deposit-Investigation-CESTAT-Interest-Date-of-Deposit-Taxscan.jpg "Refund of Deposit during Investigation: CESTAT allows Interest @12% from the Date of Deposit [Read Order]")
Refund of Deposit during Investigation: CESTAT allows Interest @12% from the Date of Deposit [Read Order]
The CESTAT, Kolkata bench, on Monday, allowed interest at 12% from the date of deposit in cases where amount was deposited during the investigation. ...
![Himachal Pradesh HC sets aside Order Disallowing Portion of ITC; Directs Refund of Balance ITC With 6% Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Himachal-Pradesh-HC-Disallowing-Portion-Directs-Refund-Balance-ITC-Interest-Taxscan.jpg "Himachal Pradesh HC sets aside Order Disallowing Portion of ITC; Directs Refund of Balance ITC With 6% Interest [Read Order]")
![Interest from Loan given to related party for Business purpose does not attract section 40A(2)(b) of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Interest-Loan-party-business-Income-Tax-Act-taxscan.jpg "Interest from Loan given to related party for Business purpose does not attract section 40A(2)(b) of the Income Tax Act: ITAT [Read Order]")
![Assessee cannot be held to be Assessee in Default, No Interest leviable u/s. 201(1A) for Non-Deduction of TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Assessee-assessee-in-default-interest-leviable-under-section-2011A-non-deduction-TDS-ITAT-Taxscan.jpg "Assessee cannot be held to be Assessee in Default, No Interest leviable u/s. 201(1A) for Non-Deduction of TDS: ITAT [Read Order]")
![Allahabad HC quashes order creating demand of GST, Interest, and Penalty as no opportunity of hearing granted to Assessee [Read Order]](https://images.taxscan.in/h-upload/2025/06/03/250x150_2041078-state-authorities-trading-community-allahabad-hc-wrongful-seizure-consignment-gst-authorities-taxscanjpg.webp "Allahabad HC quashes order creating demand of GST, Interest, and Penalty as no opportunity of hearing granted to Assessee [Read Order]")
Finance Bill 2022 provides Clarification on Deduction on Payment of Interest only on Actual Payment [Read Finance Bill]
The Finance Bill, 2022 has provided the Clarification regarding deduction on payment of interest only on actual payment. Certain taxpayers are claiming deduction under section 43B on account of...
![Finance Bill 2022 provides Clarification on Deduction on Payment of Interest only on Actual Payment [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Finance-Bill-2022-Interest-Actual-Payment-Income-Tax-Deduction-Taxscan.jpeg "Finance Bill 2022 provides Clarification on Deduction on Payment of Interest only on Actual Payment [Read Finance Bill]")
Dept liable to pay Interest from Date of Expiry of 3 months from Date of Receipt of application for Refund under CENVAT Credit Rules: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi Bench had ruled that the department is liable to pay interest from the date of expiry of 3 months from date of receipt of...
![Dept liable to pay Interest from Date of Expiry of 3 months from Date of Receipt of application for Refund under CENVAT Credit Rules: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/interest-date-of-expiry-date-of-receipt-of-application-refund-CENVAT-Credit-Rules-CESTAT-Taxscan.jpg "Dept liable to pay Interest from Date of Expiry of 3 months from Date of Receipt of application for Refund under CENVAT Credit Rules: CESTAT [Read Order]")
Interest on Delay in Advance Tax Installments shall be charged only on the Returned Income, Not on Assessed Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the interest on delay in payment of advancements shall be charged only on the returned income and not on the assessed income. ...
![Interest on Delay in Advance Tax Installments shall be charged only on the Returned Income, Not on Assessed Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-Advance-Tax-Installments-Interest-ITAT-Mumbai-Taxscan.jpg "Interest on Delay in Advance Tax Installments shall be charged only on the Returned Income, Not on Assessed Income: ITAT [Read Order]")
Income from Mutual Fund and Interest from Income Tax Refund is Taxable as 'Other Income': ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the income from mutual fund and interest received from the income tax refund shall be taxable as “income from other sources” for...
![Income from Mutual Fund and Interest from Income Tax Refund is Taxable as Other Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Income-from-Mutual-Fund-Interest-Income-Tax-Refund-Other-Income-ITAT-Taxscan.jpeg "Income from Mutual Fund and Interest from Income Tax Refund is Taxable as Other Income: ITAT [Read Order]")
![CESTAT Orders Dept to pay 12% Interest on Deposit collected during Investigation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/CESTAT-12-Interest-Deposit-collected-during-Investigation-Taxscan.jpg "CESTAT Orders Dept to pay 12% Interest on Deposit collected during Investigation [Read Order]")
Setback to Bennett Coleman: Assessee required to pay Interest where Advance Tax paid is less than 75% of Assessed Tax, says Bombay HC [Read Judgment]
In a major setback to Bennett Coleman, the Bombay High Court held that the assessee required to pay interest where advance tax paid is less than 75% of the assessed tax. In respect of the...
![Setback to Bennett Coleman: Assessee required to pay Interest where Advance Tax paid is less than 75% of Assessed Tax, says Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/12/Setback-Bennett-Coleman-Assessee-Advance-tax-Assessed-tax-Bombay-HC-Taxscan.jpg "Setback to Bennett Coleman: Assessee required to pay Interest where Advance Tax paid is less than 75% of Assessed Tax, says Bombay HC [Read Judgment]")
![ITAT deletes Addition as Interest on Loan duly paid by Assessee after deducting TDS [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/10/ITAT-TDS-Taxscan.jpeg "ITAT deletes Addition as Interest on Loan duly paid by Assessee after deducting TDS [Read Order]")