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![Interest paid to earn Interest is Allowable Deduction: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/06/Interest-Taxscan-1.jpg "Interest paid to earn Interest is Allowable Deduction: Delhi HC [Read Judgment]")
Interest paid to earn Interest is Allowable Deduction: Delhi HC [Read Judgment]
A two-judge bench of the Delhi High Court has held that deduction under section 57 of the Income Tax Act is allowable for payment of interest to earn...
![No Provisions in Income Tax Act to mandate Interest on Interest: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/06/Interest-Taxscan.jpg "No Provisions in Income Tax Act to mandate Interest on Interest: Kerala HC [Read Judgment]")
![Amount paid for discharge of Mortgage Interest deductible as Cost of Acquisition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Cost-of-Acquisition.jpg "Amount paid for discharge of Mortgage Interest deductible as Cost of Acquisition: ITAT [Read Order]")
![Payment for Encashment of Bank Guarantee and Interest on Late Payment is Capital Expenditure: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/10/Refund-Claims-Delhi-High-Court-Taxscan.jpg "Payment for Encashment of Bank Guarantee and Interest on Late Payment is Capital Expenditure: Delhi High Court [Read Judgment]")
Interest on Enhanced Compensation received for Compulsory Acquisition of Agricultural Land not Taxable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that no income tax is payable on the amount received as enhanced compensation for the compulsory acquisition of the agricultural land...
![Interest on Enhanced Compensation received for Compulsory Acquisition of Agricultural Land not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Agricultural-Land.jpg "Interest on Enhanced Compensation received for Compulsory Acquisition of Agricultural Land not Taxable: ITAT [Read Order]")
Expenditure on Interest-bearing Loans acquired for making Investment in Agricultural Land not allowable as Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cochin bench has held that the deduction cannot be allowed in respect of interest-bearing funds utilized by the assessee-company for acquiring agricultural...
Interest must be Calculated from the Date of Default by the Deductor to Actual Date of Remittance of Taxes by Deductees: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that the interest under Section 201(1A) of the Income Tax Act is only compensatory in nature and the Government should be...
![Interest must be Calculated from the Date of Default by the Deductor to Actual Date of Remittance of Taxes by Deductees: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Interest-Taxscan.jpg "Interest must be Calculated from the Date of Default by the Deductor to Actual Date of Remittance of Taxes by Deductees: ITAT [Read Order]")
![No Interest where no Liability was admitted under the U.P. Sales Tax Act: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/Allahabad-High-Court-Taxscan.jpg "No Interest where no Liability was admitted under the U.P. Sales Tax Act: Allahabad HC [Read Judgment]")
![Interest allowable on Refund of Pre-Deposit paid for filing Appeal: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Pre-Deposit-Delhi-High-Court-Taxscan.jpg "Interest allowable on Refund of Pre-Deposit paid for filing Appeal: Delhi HC [Read Order]")
![Interest on Income Tax Refund can’t be Deducted u/s 80IE: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Tax-Refund-Taxscan.jpg "Interest on Income Tax Refund can’t be Deducted u/s 80IE: ITAT [Read Order]")