![Reimbursement of GST delayed due to Negligence of Tax Officer: Jammu & Kashmir and Ladakh HC directs to Pay 9% Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Reimbursement-of-GST-delayed-due-to-Negligence-of-Tax-Officer-Reimbursement-of-GST-GST-Jammu-Kashmir-and-Ladakh-High-Court-Interest-Taxscan.jpg "Reimbursement of GST delayed due to Negligence of Tax Officer: Jammu & Kashmir and Ladakh HC directs to Pay 9% Interest [Read Order]")
Reimbursement of GST delayed due to Negligence of Tax Officer: Jammu & Kashmir and Ladakh HC directs to Pay 9% Interest [Read Order]
The High Court of Jammu & Kashmir and Ladakh directed to allow 9% interest on the delayed amount of Reimbursement of Goods and Service Tax (GST)...
![Interest-Free Funds advanced to Sister Concern for Purchase of Land are Revenue in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-Free-Funds-advanced-to-Sister-Concern-for-Purchase-of-Land-are-Revenue-in-Nature-ITAT-TAXSCAN.jpg "Interest-Free Funds advanced to Sister Concern for Purchase of Land are Revenue in Nature: ITAT [Read Order]")
NCLAT approves Private Sales in which the Entire Amount with Interest has already been Paid [Read Order]
The National Company Law Appellate Tribunal (NCLAT), approved a private sale in which the entire amount along with interest which has already been paid. The appellant, Kuldeep Singh is the highest...
Common Interest received on Deposits with Co-Operative Bank as Income is not Eligible for Deduction u/s.80P(2)(d): ITAT [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal (ITAT) held that the common interest received on deposits with co-operative Bank as income is not eligible for deduction under Section 80P(2)(d)...
![Common Interest received on Deposits with Co-Operative Bank as Income is not Eligible for Deduction u/s.80P(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Common-interest-received-on-deposits-Co-operative-Bank-as-income-is-not-eligible-for-deduction-ITAT-TAXSCAN.jpg "Common Interest received on Deposits with Co-Operative Bank as Income is not Eligible for Deduction u/s.80P(2)(d): ITAT [Read Order]")
Delhi HC directs JC Flowers to approach Appellate Tribunal u/s 26 of PMLA to claim Beneficial Interest in Property [Read Order]
A Single Bench of the Delhi High Court directed J.C Flowers Asset Reconstruction Private Limited, the petitioner to approach the appellate tribunal under Section 26 of the Prevention of Money...
![Delhi HC allows interest on Delayed Tax Refund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Delhi-High-Court-interest-on-Delayed-Tax-Refund-interest-Tax-Refund-Refund-taxscan.jpg "Delhi HC allows interest on Delayed Tax Refund [Read Order]")
‘’Notional Interest cannot be taxed as Income’’, ITAT deletes Addition of Undisclosed Income [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently deleted an addition made on undisclosed income and observed that notional interest cannot be taxed as income. The assessee,Sh....
![‘’Notional Interest cannot be taxed as Income’’, ITAT deletes Addition of Undisclosed Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Notional-Interest-taxed-as-Income-ITAT-deletes-Addition-of-Undisclosed-Income-TAXSCAN.jpg "‘’Notional Interest cannot be taxed as Income’’, ITAT deletes Addition of Undisclosed Income [Read Order]")
Failure of AO to Examine Purchase of Land by Assessee as per Section 56(2)(vii)(b) is Prejudicial to Revenue's Interest: ITAT upholds Revision order u/s 263
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently, in an appeal filed before it, while upholding the revision order under Section 263, held that failure of AO to examine...
Interest on Delayed Refund must be Payable from Date of Deposit till Date of Payment: CESTAT allows 12% Interest [Read Order]
In a recent case, the Chandigarh Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT)has held that the interest on delayed refund must be payable from the date of deposit till...
![Interest on Delayed Refund must be Payable from Date of Deposit till Date of Payment: CESTAT allows 12% Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-on-Delayed-Refund-Delayed-Interest-Deposit-Refund-Date-of-Deposit-Date-of-Payment-CESTAT-Interest-taxscan.jpeg "Interest on Delayed Refund must be Payable from Date of Deposit till Date of Payment: CESTAT allows 12% Interest [Read Order]")