![No Disallowance of Interest paid on Capital borrowed for Business purpose: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "No Disallowance of Interest paid on Capital borrowed for Business purpose: ITAT [Read Order]")
No Disallowance of Interest paid on Capital borrowed for Business purpose: ITAT [Read Order]
Recently, the Kolkata Bench of Income Tax Appellate Tribunal (ITAT) in M/s Rawalwasia & Sons Exim Ltd. vs. ITO held that interest paid in respect...
![Interest accrued on Loans Taxable as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Loan-Taxscan.jpg "Interest accrued on Loans Taxable as Business Income: ITAT [Read Order]")
![Interest on Security Deposit made for Sales Tax Registration is Taxable as ‘Other Income’ : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Security-Deposit-ITAT-Taxscan.jpg "Interest on Security Deposit made for Sales Tax Registration is Taxable as ‘Other Income’ : ITAT [Read Order]")
![Interest on Receivables comes within the ambit of ‘ International Transaction ’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/International-Transaction-Taxscan.jpg "Interest on Receivables comes within the ambit of ‘ International Transaction ’: ITAT [Read Order]")
![Interest on Fixed Deposits on Money Received in respect of Share Capital is not Assessable as ‘Other Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Share-Capital-Taxscan.jpg "Interest on Fixed Deposits on Money Received in respect of Share Capital is not Assessable as ‘Other Income’: ITAT [Read Order]")
Date of Presentation of Cheque is the Date of payment of Service Tax: CESTAT Quashes Interest Demand [Read Order]
The Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), on Wednesday, held that the date of presentation of the cheque is the date of payment of service tax. Accordingly,...
![Date of Presentation of Cheque is the Date of payment of Service Tax: CESTAT Quashes Interest Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Cheque-Taxscan.jpg "Date of Presentation of Cheque is the Date of payment of Service Tax: CESTAT Quashes Interest Demand [Read Order]")
Interest from Deposits made out of Surplus Fund from Business Receipt is assessable as Business Income, not as ‘Other Income’: ITAT [Read Order]
The Income Tax Appellate Tribunal in the case of ACIT vs. M/s. Agri Gold Constructions Pvt. Ltd. decided that interest from deposits made out of surplus funds from the business receipt is assessable...
![Interest from Deposits made out of Surplus Fund from Business Receipt is assessable as Business Income, not as ‘Other Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Business-Income-Taxscan.jpg "Interest from Deposits made out of Surplus Fund from Business Receipt is assessable as Business Income, not as ‘Other Income’: ITAT [Read Order]")
Interest u/s 234 for Default in Payment of Advance Tax to be Levied till date of Passing Revisional order: Kerala HC [Read Judgment]
While hearing the case of Commissioner of Income Tax vs M/s Baby Marine Exports, the High Court of Kerala held that if refund of advance tax is made but re-assessment leads to determination of...
![Interest u/s 234 for Default in Payment of Advance Tax to be Levied till date of Passing Revisional order: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/01/Advance-Tax-Taxscan.jpg "Interest u/s 234 for Default in Payment of Advance Tax to be Levied till date of Passing Revisional order: Kerala HC [Read Judgment]")
![Interest u/s 234B can be levied on failure to Pay Advance Tax in respect of AMT: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Interest-Rates-on-Small-Saving-Schemes.jpg "Interest u/s 234B can be levied on failure to Pay Advance Tax in respect of AMT: ITAT [Read Order]")
'Finance Charges' from Hire Purchase of Vehicles are subject to Interest Tax Act: Kerala HC [Read Judgment]
Finance charges like interest received from hire purchase of vehicles are like other interest subject to tax under the Interest Tax Act, the Kerala High Court has said. A bench of Acting Chief...
No Addition since Interest has Accrued to the Assessee but has not been Realized: ITAT [Read Order]
The Income Tax Appellate Tribunal in its recent order ruled that no additions can be made since interest has accrued to the assessee but has not been realized. The bench comprising of Judicial Member...
![No Addition since Interest has Accrued to the Assessee but has not been Realized: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "No Addition since Interest has Accrued to the Assessee but has not been Realized: ITAT [Read Order]")
Assessee is Eligible for Interest on Excess Amount Paid on Self-Assessed Tax: Kerala HC [Read Judgment]
A two-judge bench of the Kerala High Court in The Commissioner of Income-Tax, Thiruvananthapuram v. The Kerala Minerals And Metals Ltd, held that the assessee would be entitled to the interest on the...
![Assessee is Eligible for Interest on Excess Amount Paid on Self-Assessed Tax: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Kerala-High-Court-Taxscan.jpg "Assessee is Eligible for Interest on Excess Amount Paid on Self-Assessed Tax: Kerala HC [Read Judgment]")