![Interest not Leviable if TDS is paid before Completion of Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Interest-TDS-ITAT-Completion-of-Proceedings-Taxscan.jpg "Interest not Leviable if TDS is paid before Completion of Proceedings: ITAT [Read Order]")
Interest not Leviable if TDS is paid before Completion of Proceedings: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cuttack Bench ruled that no interest is leviable if TDS is timely deducted and paid to the Government...
![CBIC issues guidelines for Posting of staff at Customs areas & collection of Cost Recovery Charges [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/01/CBIC-guidelines-Posting-of-staff-at-Customs-areas-collection-of-Cost-Recovery-Charges-Taxscan.jpg "CBIC issues guidelines for Posting of staff at Customs areas & collection of Cost Recovery Charges [Read Circular]")
![GST: NAA orders Suncity Project to pass on ITC benefits along with Interest to its Homebuyers [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/GST-NAA-Suncity-Project-ITC-benefits-interest-homebuyers-Taxscan.jpg "GST: NAA orders Suncity Project to pass on ITC benefits along with Interest to its Homebuyers [Read Order]")
No Interest u/s 234B can be levied on the assessee-payee on the ground of non-payment of Advance Tax: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that no interest under section 234B can be levied on the assessee-payee on the ground of non-payment of advance tax. The appellant, M/s...
![No disallowance of Interest on Borrowed Capital for Business purposes: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/disallowance-Interest-Borrowed-Capital-Business-purposes-ITAT-Taxscan.jpg "No disallowance of Interest on Borrowed Capital for Business purposes: ITAT [Read Order]")
Karnataka High Court deletes Interest accrued on Non-Performing Assets from Computation of Taxable Income [Read Judgment]
The Karnataka High Court while quashing the appeal of the revenue deleted interest accrued on non-performing assets from the computation of taxable income. The assessee, M/s. Davangere District...
![Karnataka High Court deletes Interest accrued on Non-Performing Assets from Computation of Taxable Income [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/11/Karnataka-High-Court-Interest-on-Non-Performing-Assets-Taxable-Income-Taxscan.jpg "Karnataka High Court deletes Interest accrued on Non-Performing Assets from Computation of Taxable Income [Read Judgment]")
![Delhi Govt. notifies Interest to be paid on net GST with effect from Sep 1, 2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/11/Delhi-Govt-Interest-net-GST-Taxscan.jpg "Delhi Govt. notifies Interest to be paid on net GST with effect from Sep 1, 2020 [Read Notification]")
If Refund doesn’t include Interest due payable on the amount refunded, the revenue would be liable to pay Interest on shortfall: Karnataka HC grants relief to Syndicate Bank
The Karnataka High Court while dismissing the plea of the revenue held that the revenue is liable to pay interest on the amount of interest on refund. The assessee, Syndicate Bank is a...
Interest on Bank Deposits is also eligible to be included in profits of 100% EOU for claiming Deduction: Madras HC [Read Judgment]
The Madras High Court held that the interest on bank deposits is also eligible to be included in profits of 100% Export Oriented Unit (EOU) for claiming deduction under Section 10A or 10B of the...
![Interest on Bank Deposits is also eligible to be included in profits of 100% EOU for claiming Deduction: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Interest-bank-deposits-EOU-profits-claiming-deduction-Taxscan.jpg "Interest on Bank Deposits is also eligible to be included in profits of 100% EOU for claiming Deduction: Madras HC [Read Judgment]")