Haryana Govt’s Tax Amnesty: Waives Rs 8,000 Crore in Interest and Penalties on Property Tax Dues
The Haryana government has taken a significant decision to alleviate the financial burden on its citizens by waiving interest and penalties amounting...
![CBDT Grants Income Tax Exemption to Dental Council of India u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/10/CBDT-Income-Tax-Exemption-Dental-Council-of-India-TAXSCAN.jpg "CBDT Grants Income Tax Exemption to Dental Council of India u/s 10(46) [Read Notification]")
![No Issuance of SCN u/s 73(3) of Finance Act when There is No Evidence of willful Short Payment of Service Tax : CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-Issuance-SCN-Finance-Act-Evidence-willful-Short-Payment-of-Service-Tax-CESTAT-TAXSCAN.jpg "No Issuance of SCN u/s 73(3) of Finance Act when There is No Evidence of willful Short Payment of Service Tax : CESTAT [Read Order]")
![Disallowance of Interest u/s 36(1)(iii) Not attributable to Borrowed Amount utilized for Purchase of Immovable Property: ITAT restored issue to file of AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Disallowance-Interest-attributable-Borrowed-Amount-utilized-Purchase-Immovable-Property-ITAT-AO-TAXSCAN.jpg "Disallowance of Interest u/s 36(1)(iii) Not attributable to Borrowed Amount utilized for Purchase of Immovable Property: ITAT restored issue to file of AO [Read Order]")
![Excise Duty Demand on Steel is not Maintainable: CESTAT Rejects Refund Claim of SAIL [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Excise-Duty-Demand-Steel-is-not-Maintainable-CESTAT-Rejects-Refund-Claim-of-SAIL-TAXSCAN.jpg "Excise Duty Demand on Steel is not Maintainable: CESTAT Rejects Refund Claim of SAIL [Read Order]")
ITAT directs Deletion of Disallowance of Interest on Unsecured Loans, as assessee paid Interest to Unsecured Loan Creditors on Opening Balances [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that since the assessee has paid the interest to the unsecured loan creditors on opening balances the order of the Commissioner of Income...
![ITAT directs Deletion of Disallowance of Interest on Unsecured Loans, as assessee paid Interest to Unsecured Loan Creditors on Opening Balances [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-directs-Deletion-of-Disallowance-of-interest-on-unsecured-loans-Deletion-of-Disallowance-of-interest-interest-to-unsecured-loan-creditors-opening-balances-taxscan.jpg "ITAT directs Deletion of Disallowance of Interest on Unsecured Loans, as assessee paid Interest to Unsecured Loan Creditors on Opening Balances [Read Order]")
![ITAT quashes assessment order against non-existent entity proven to be null and void [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-assessment-non-existent-entity-null-void-TAXSCAN.jpg "ITAT quashes assessment order against non-existent entity proven to be null and void [Read Order]")
No Addition shall be made, if assessee has sufficient interest free fund to provide interest free loans: ITAT dismisses revenue's Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that no addition should be made if the assessee has sufficient interest free fund to provide interest free loans. Therefore the bench...
![No Addition shall be made, if assessee has sufficient interest free fund to provide interest free loans: ITAT dismisses revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-Addition-if-assessee-sufficient-interest-fund-provide-interest-free-loans-ITAT-revenue-Appeal-taxscan.jpg "No Addition shall be made, if assessee has sufficient interest free fund to provide interest free loans: ITAT dismisses revenues Appeal [Read Order]")
Relief to ACC Limited; Rule 14 of CENVAT Credit Rules Applicable only to Manufacturers/Service Providers & Credit Defaulters, CESTAT quashes Recovery Order [Read Order]
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Mumbai bench has quashed the recovery of Central Value Added Tax (CENVAT) credit from ACC Limited, an Input Service Distributor...
![Relief to ACC Limited; Rule 14 of CENVAT Credit Rules Applicable only to Manufacturers/Service Providers & Credit Defaulters, CESTAT quashes Recovery Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Relief-ACC-Rule-CENVAT-Credit-Applicable-Manufacturers-Service-Providers-Credit-Defaulters-CESTAT-TAXSCAN.jpg "Relief to ACC Limited; Rule 14 of CENVAT Credit Rules Applicable only to Manufacturers/Service Providers & Credit Defaulters, CESTAT quashes Recovery Order [Read Order]")
Setback to IOB: Madras HC rules Bank cannot file Writ Petition to Protect Interest of Third Party, who Knowingly Purchased Property having Encumbrance [Read Order]
In a major set back to the Indian Overseas Bank (IOB), the Madras High Court ruled that the Bank cannot file writ petition to protect interest of third party, who knowingly purchased property having...
Relief to Videocon Industries, Interest of Refund allowable even if Refund was Granted after 3 Months from Date of Commissioner's Order: CESTAT [Read Order]
In the case of Videocon Industries, the Ahmedabad bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that the interest of refund is allowable even if refund was...
![Relief to Videocon Industries, Interest of Refund allowable even if Refund was Granted after 3 Months from Date of Commissioners Order: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Relief-Videocon-Industries-Interest-Refund-Granted-Date-Commissioners-CESTAT-TAXSCAN.jpg "Relief to Videocon Industries, Interest of Refund allowable even if Refund was Granted after 3 Months from Date of Commissioners Order: CESTAT [Read Order]")
Interest amount paid by Indian branch to Foreign Head Office is not taxable in India under India France DTAA: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that the interest amount paid by the Indian Branch to Foreign Head office was not taxable in India under India France Double Taxation...
![Interest amount paid by Indian branch to Foreign Head Office is not taxable in India under India France DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Interest-amount-paid-by-Indian-branch-to-Foreign-Head-Office-taxable-in-India-under-India-France-DTAA-ITAT-TAXSCAN.jpg "Interest amount paid by Indian branch to Foreign Head Office is not taxable in India under India France DTAA: ITAT [Read Order]")