![Interest Expenses on Advances received under Sub-Lease Agreement is not Allowable when there is Defect in Title: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "Interest Expenses on Advances received under Sub-Lease Agreement is not Allowable when there is Defect in Title: ITAT [Read Order]")
Interest Expenses on Advances received under Sub-Lease Agreement is not Allowable when there is Defect in Title: ITAT [Read Order]
The Bengaluru ITAT, on Wednesday, confirmed the disallowance of interest expenses claimed on advances received under sub-Lease agreement since there...
![Interest Paid on Share Application Money is allowable as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "Interest Paid on Share Application Money is allowable as Business Expenditure: ITAT [Read Order]")
![Interest Paid on Money Borrowed to bring into Existence a Showroom is Revenue Expenditure: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/07/Revenue-Expenditure-Bombay-HC-Taxscan.jpg "Interest Paid on Money Borrowed to bring into Existence a Showroom is Revenue Expenditure: Kerala HC [Read Judgment]")
![Income Tax can be levied on Amount of enhanced Compensation and Interest received under Land Acquisition Act: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Income Tax can be levied on Amount of enhanced Compensation and Interest received under Land Acquisition Act: SC [Read Order]")
Interest Expenses incurred on Account of Late Deposit of Service Tax & TDS are Eligible for IT Deduction: ITAT Kolkata [Read Order]
In DCIT v. M/s Narayani Ispat Pvt. Ltd, the Kolkata ITAT held that the interest expenses claimed by the assessee on account of delayed deposit of service tax as well as TDS liability are allowable...
Interest on Voluntary Contributions Earned by a Trust on Instruction of Donor is Eligible for Exemption: Kerala HC [Read Judgment]
A division bench of the Kerala High Court held that a Trust can claim exemption under section 11(1)(d) of the Income Tax Act, 1961 on interest on voluntary contributions earned by it on instruction of...
![Interest on Voluntary Contributions Earned by a Trust on Instruction of Donor is Eligible for Exemption: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/09/Mata-Amrithanandamayi-Math.jpg "Interest on Voluntary Contributions Earned by a Trust on Instruction of Donor is Eligible for Exemption: Kerala HC [Read Judgment]")
Interest on FD made with the Bank on receipt of Compensation under Land Acquisition Act is Taxable Even If No Final Order is Delivered: Bombay HC
Recently, a division bench of the Bombay High Court ruled that the interest received on the fixed deposits made with the Bank on receipt of enhanced compensation under the Land Acquisition Act is...
Interest @ 7.8% applicable to Deposits made under Non-Government Provident, Superannuation and Gratuity Funds
The Central Government recently notified that the Special Deposit Scheme for second quarter of Non- Government Provident, Superannuation and Gratuity Funds to bear Interest @ 7.8%. The rate is...
Bombay HC deletes Levy of Penalty & Interest since Additional Duties of Excise (T & TA) Act does not contain Provisions
In Indo Swiss Embroidery Industries Limited v. CCE, Vapi, a division bench of the Bombay High Court held that penalty and interest under sections 11AB and 11AC of the Central Excise Act cannot be...
No Interest for the Period of Delay in Supplying Copies of Documents to Assessee: Bombay HC [Read Judgment]
A division bench of the Bombay High Court in Mahavir Manakchand Bhansali v. CIT held that Interest cannot be charged for the period of delay in supplying copies of accounts and relevant record and...