![‘Cost of Acquisition’ includes the Interest Paid on Loan for Purchasing Property, Deductible from ‘Capital Gain’: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "‘Cost of Acquisition’ includes the Interest Paid on Loan for Purchasing Property, Deductible from ‘Capital Gain’: ITAT Kolkata [Read Order]")
‘Cost of Acquisition’ includes the Interest Paid on Loan for Purchasing Property, Deductible from ‘Capital Gain’: ITAT Kolkata [Read Order]
In ACIT v. Mrs. Sheela Chopra, the Kolkata bench of the ITAT ruled that the amount of interest paid on loan taken for purchasing the property is an...
![Interest Earned Out of Bank FDs before the Commencement of Business is Business Income of a Company: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-Tax-Scan.jpg "Interest Earned Out of Bank FDs before the Commencement of Business is Business Income of a Company: Bombay HC [Read Order]")
![Interest on Secured Loans are Deductible under the Income Tax Act: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Interest-on-Secured-Loans-Taxscan.jpg "Interest on Secured Loans are Deductible under the Income Tax Act: ITAT Kolkata [Read Order]")
![Interest on FDR kept with Bank before Commencement of Business is ‘Income from Other Sources’: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Interest-Taxscan.jpg "Interest on FDR kept with Bank before Commencement of Business is ‘Income from Other Sources’: ITAT Kolkata [Read Order]")
TDS is not payable on Interest paid by a Co-Operative Bank to its members: ITAT Jaipur [Read Order]
The Jaipur ITAT, in a recent ruling observed that TDS provisions under the Income Tax act is not applicable to payments made by a cooperative bank in respect of interest amount paid to its members. ...
![TDS is not payable on Interest paid by a Co-Operative Bank to its members: ITAT Jaipur [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/Tax-dedution-at-source-TDS-Tax-Scan.jpg "TDS is not payable on Interest paid by a Co-Operative Bank to its members: ITAT Jaipur [Read Order]")
Interest paid, but not Deducted during the previous year can Set-Off in the next year: Delhi HC [Read Judgment]
In a recent ruling, the Delhi High Court observed that the interest paid but not shown as deductible expenditure for the previous period should be permitted as prior period expenditure under the...
![Interest paid, but not Deducted during the previous year can Set-Off in the next year: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Delhi-High-Court-Tax-Scan.jpg "Interest paid, but not Deducted during the previous year can Set-Off in the next year: Delhi HC [Read Judgment]")
Interest is not Payable in case of Reversal of the CENVAT Credit when adequate Credit is available: CESTAT Chennai [Read Order]
In a recent decision, the CESTAT, Chennai branch ruled that interest cannot be allowed in case of reversal of the CENVAT credit when adequate credit is available under the Excise law. The appellants,...
