![Demand of Tax, Interest, and Penalty in Form DRC-01A without issue of Notice u/s 74(1) TNGST Act: Madras HC sets aside Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Demand-of-Tax-Interest-Penalty-DRC-01A-Notice-TNGST-Act-Madras-Assessment-Order-Taxscan-.jpeg "Demand of Tax, Interest, and Penalty in Form DRC-01A without issue of Notice u/s 74(1) TNGST Act: Madras HC sets aside Assessment Order [Read Order]")
Demand of Tax, Interest, and Penalty in Form DRC-01A without issue of Notice u/s 74(1) TNGST Act: Madras HC sets aside Assessment Order [Read Order]
The Madurai Bench of Madras High Court presided by Mr. Justice M. Nirmal Kumar has held that demand of tax, interest, and penalty in Form DRC-01A...
![IGST on Ocean Freight: Gujarat HC orders Refund along with Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/IGST-Ocean-Freight-Gujarat-HC-Refund-Interest-Taxscan.jpeg "IGST on Ocean Freight: Gujarat HC orders Refund along with Interest [Read Order]")
![Refund claim filed after the expiry of 3 months allowed along with Interest u/s 11BB: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Refund-claim-interest-CESTAT-taxscan.jpeg "Refund claim filed after the expiry of 3 months allowed along with Interest u/s 11BB: CESTAT [Read Order]")
![No Penalty u/s 271 AAA(1) if Assessee offered Undisclosed Income in Statement Recorded u/s 132(4) and Ready to Pay Tax with Interest: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-Assessee-Undisclosed-Income-Ready-to-Pay-Tax-Interest-ITAT-Taxscan.jpeg "No Penalty u/s 271 AAA(1) if Assessee offered Undisclosed Income in Statement Recorded u/s 132(4) and Ready to Pay Tax with Interest: ITAT [Read Order]")
Grant of Interest under Arbitral Award for Delayed Payment of Consideration: Bombay HC holds Recipient of Service situated in Taxable Territory bear Liability of GST [Read Order]
The single bench of Bombay High Court presided by Mr. Justice B. P. Colabawalla in the issue ofgrant of interest under Arbitral Award for delayed payment of consideration has held that recipient of...
![Grant of Interest under Arbitral Award for Delayed Payment of Consideration: Bombay HC holds Recipient of Service situated in Taxable Territory bear Liability of GST [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Interest-Payment-Bombay-HC-Service-Taxable-GST-taxscan.jpeg "Grant of Interest under Arbitral Award for Delayed Payment of Consideration: Bombay HC holds Recipient of Service situated in Taxable Territory bear Liability of GST [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. The Appellant, M/s. Green Valley Industries...
![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]")
Himachal Pradesh HC sets aside Order Disallowing Portion of ITC; Directs Refund of Balance ITC With 6% Interest [Read Order]
The Himachal Pradesh High Court has set aside the order of Excise & Taxation Commissioner disallowing portion of ITC (Input Tax Credit) and directs refund of balance ITC with 6% interest. The...
![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]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the interest received on loan given to related party for business purpose cannot be subjected to provisions of section...
![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]
The Banglore Bench of Income Tax Appellate Tribunal (ITAT) has held that Assessee cannot be held to be “assessee in default”, no interest leviable under section 201(1A) for non-deduction of...
![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]
The Allahabad High Court has quashed the order creating demand of GST, interest, and penalty as no opportunity of hearing granted to Assessee. The petitioner submits that the impugned...
![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/2025/06/03/500x300_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]")