Read all Latest Updates on and about Interest

Begin typing your search above and press return to search.

Home
»
Interest

Amount paid for discharge of Mortgage Interest deductible as Cost of Acquisition: ITAT [Read Order]

The Jaipur bench of Income Tax Appellate Tribunal (ITAT) has held that the amount paid for the discharge of mortgage interest has to be considered as...

Payment for Encashment of Bank Guarantee and Interest on Late Payment is Capital Expenditure: Delhi...

Interest on Delayed Payment of VAT and TDS is Compensatory in Nature: ITAT allows Deduction [Read...

Interest on Enhanced Compensation received for Compulsory Acquisition of Agricultural Land not...

Expenditure on Interest-bearing Loans acquired for making Investment in Agricultural Land not...

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...

No Interest where no Liability was admitted under the U.P. Sales Tax Act: Allahabad HC [Read Judgment]

The Allahabad High Court in the revision petition of Union of India Thru’ The General Manager & Anr. v. The Commissioner, Trade Tax, U.P., Lucknow held that no interest can be levied under the...

Interest allowable on Refund of Pre-Deposit paid for filing Appeal: Delhi HC [Read Order]

The Delhi High Court has recently allowed Interest on the refund of the pre-deposit paid as a statutory requirement for filing appeal. A two-judge bench comprising Justices Ravindra Bhatt and A K...

Interest on Income Tax Refund can’t be Deducted u/s 80IE: ITAT [Read Order]

The Jaipur bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the deduction under Section 80IE of the Income Tax Act would not be available to interest on income tax refund. The...

Interest Received by Head Office of Bank from Indian Branch not Taxable in India: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the interest income received by the head office of the assessee bank was not chargeable to tax in India as per the Double...

Interest Paid to Private Bank can’t be disallowed u/s 43B: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Hyderabad bench has held that the amount of interest paid to a Private bank is out of the purview of Section 43B of the Income Tax Act, 1961 and therefore,...

Interest u/s 234A can’t be levied since CBDT had Extended Due Date of Filing Return: ITAT [Read Order]

The ITAT Kolkata bench, in M/s Nidhi Packers Pvt. Ltd v. ITO held that interest under Section 234A of the Income Tax Act cannot be charged from the assessee when he had filed return within the...

Prev Page Next Page