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![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 Earned Out of Bank FDs before the Commencement of Business is 'Business Income' of a Company: Bombay HC [Read Order]
The division bench of the Bombay High Court in CIT v. M/s Green Infra Ltd held that the interest amount received by the assessee-Company out of Bank...
![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]](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]](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,...
