![Interest from Accumulated PF balance received After Retirement is not Eligible for Exemption: ITAT rejects Techie’s plea [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Interest-Provident-Fund-Taxscan.jpg "Interest from Accumulated PF balance received After Retirement is not Eligible for Exemption: ITAT rejects Techie’s plea [Read Order]")
Interest from Accumulated PF balance received After Retirement is not Eligible for Exemption: ITAT rejects Techie’s plea [Read Order]
The Income Tax Appellate Tribunal recently ruled that accumulated interest from provident fund received post-retirement of the assessee is not...
![Interest Received on FDRs before the Commencement of Business constitute ‘Other Income’: HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/07/Interest-Rates-on-Small-Saving-Schemes.jpg "Interest Received on FDRs before the Commencement of Business constitute ‘Other Income’: HC [Read Judgment]")
![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 u/s 234A cannot be levied in the absence of any direction in Original Assessment Order: ITAT [Read Order]
In ITO v. M/s. Heritage Project, the Amritsar bench of the Income Tax Appellate Tribunal (ITAT) held that interest under Section 234A of Income Tax Act cannot be levied in the absence of any direction...
![Interest u/s 234A cannot be levied in the absence of any direction in Original Assessment Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "Interest u/s 234A cannot be levied in the absence of any direction in Original Assessment Order: ITAT [Read Order]")
Interest Paid on Money Borrowed to bring into Existence a Showroom is Revenue Expenditure: Kerala HC [Read Judgment]
In Commissioner of Income Tax v. M/s Joy Alukkas Traders (India) Pvt Ltd, a division bench of the Kerala High Court held that interest paid on money borrowed to bring into existence a show room is a...
![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]
A two-judge bench of the Supreme Court in Commissioner of Income Tax Faridabad Commissioner v. Chet Ram (HUF) held that the amount of enhanced compensation and interest received on it under the Land...
![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...