Loan granted under state govt sponsored scheme not Amounts debt u/s 2(g) of RDB Act, Proceeding under SARFAESI Act Not Maintainable: DRAT
The Debts Recovery Appellate Tribunal (DRAT) at Allahabad Bench has ruled that loan granted under state government-sponsored scheme is not amount to...
![Delayed TDS Payment: Jharkhand HC Quahes Proceedings initiated under Income Tax Act considering Payment of tax with interest [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/250x150_2044172-income-tax-act-payment-tds-payment-taxscan.webp "Delayed TDS Payment: Jharkhand HC Quahes Proceedings initiated under Income Tax Act considering Payment of tax with interest [Read Order]")
![ITAT Favors Micromax in ₹16 Cr FD Interest and Section 14A Dispute; Quashes Revision Order [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/250x150_2043240-itat-revision-order-fd-interest-taxscan.webp "ITAT Favors Micromax in ₹16 Cr FD Interest and Section 14A Dispute; Quashes Revision Order [Read Order]")
![No Interest on Timely Refund of Pre-Deposit, Rules CESTAT: Assessee’s Appeal Rejected [Read Order]](https://images.taxscan.in/h-upload/2025/06/09/250x150_2041876-interest-refund-pre-deposit-rules-cestat-assessees-appeal-rejected-taxscan.webp "No Interest on Timely Refund of Pre-Deposit, Rules CESTAT: Assessee’s Appeal Rejected [Read Order]")
![SEBI Issues Revised Investor Charter for Research Analysts [ Read Circular]](https://images.taxscan.in/h-upload/2025/06/03/250x150_2041142-sebi-sebi-issues-research-analysts-taxscan.webp "SEBI Issues Revised Investor Charter for Research Analysts [ Read Circular]")
Section 220(2) of Income Tax Act has no Retrospective Effect, No liability to pay Interest on Tax Crystallised: Kerala HC [Read Order]
The Kerala High Court has held that Section 220(2) of the Income Tax Act, 1961 has no retrospective effect and no liability to pay interest on tax crystallised. Smt.Nisha John, counsel appeared...
![Section 220(2) of Income Tax Act has no Retrospective Effect, No liability to pay Interest on Tax Crystallised: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Section-Income-Tax-Act-Retrospective-Effect-liability-pay-Interest-Tax-Crystallised-Kerala-HC-TAXSCAN.jpg "Section 220(2) of Income Tax Act has no Retrospective Effect, No liability to pay Interest on Tax Crystallised: Kerala HC [Read Order]")
Third-Party Statements cannot be used against assessee until and unless the opportunity of cross examination is afforded: ITAT deletes of addition made u/s 68 IT Act towards receipt of interest free unsecured loan [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, held that third-party statements cannot be used against the assessee until and unless the opportunity of cross-examination is afforded....
![Third-Party Statements cannot be used against assessee until and unless the opportunity of cross examination is afforded: ITAT deletes of addition made u/s 68 IT Act towards receipt of interest free unsecured loan [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Third-Party-Statements-used-against-assessee-until-and-unless-the-opportunity-of-cross-examination-is-afforded-TATIT-Act-towards-receipt-of-interest-free-unsecured-loan-TAXSCAN.jpg "Third-Party Statements cannot be used against assessee until and unless the opportunity of cross examination is afforded: ITAT deletes of addition made u/s 68 IT Act towards receipt of interest free unsecured loan [Read Order]")
Payment of Interest u/s 234B not Necessary when Certain Income Qualified for Deduction: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the payment of interest under Section 234B of the Income Tax Act 1961 was not necessary when certain income qualified for...
![Payment of Interest u/s 234B not Necessary when Certain Income Qualified for Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Payment-of-Interest-Income-Qualified-for-Deduction-Interest-Payment-ITAT-taxscan.jpg "Payment of Interest u/s 234B not Necessary when Certain Income Qualified for Deduction: ITAT [Read Order]")
![No Tax on Interest Accrued on FD subjected to CBI’s Prohibitory Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-Tax-Interest-Accrued-FD-subjected-CBIs-Prohibitory-Order-ITAT-taxscan.jpg "No Tax on Interest Accrued on FD subjected to CBI’s Prohibitory Order: ITAT [Read Order]")
Partner should be entitled to all deductions while computing his share of profit for the salary received being considered as income from business: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the partner should be entitled to all the deductions which he was entitled while computing his share of profits in the firm. ...
![Partner should be entitled to all deductions while computing his share of profit for the salary received being considered as income from business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Partner-should-entitled-deductions-computing-profit-salary-being-considered-income-business-ITAT-TAXSCAN.jpg "Partner should be entitled to all deductions while computing his share of profit for the salary received being considered as income from business: ITAT [Read Order]")
Section 13(2)(a) doesn't Authorize Revenue to Compute Notional Interest when No such Interest is charged by Trust: ITAT grants relief to Laxminarayan Mandir Trust [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) while granting relief to Laxmi Narayan mandir trust held that Section 13(2)(a) of the Income Tax Act, 1961 doesn’t authorize the revenue...
![Section 13(2)(a) doesnt Authorize Revenue to Compute Notional Interest when No such Interest is charged by Trust: ITAT grants relief to Laxminarayan Mandir Trust [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Compute-Notional-Interest-Interest-is-charged-by-Trust-ITAT-Notional-Interest-Interest-Laxminarayan-Mandir-Trust-taxscan.jpg "Section 13(2)(a) doesnt Authorize Revenue to Compute Notional Interest when No such Interest is charged by Trust: ITAT grants relief to Laxminarayan Mandir Trust [Read Order]")