![No Penalty under Excise Act Invokable When Duty with interest Levied u/s 12BB on Clearance of Engine to Sister Concern: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-under-Excise-Act-Excise-Act-Penalty-interest-Levied-Engine-to-Sister-Concern-CESTAT-taxscan.jpg "No Penalty under Excise Act Invokable When Duty with interest Levied u/s 12BB on Clearance of Engine to Sister Concern: CESTAT [Read Order]")
No Penalty under Excise Act Invokable When Duty with interest Levied u/s 12BB on Clearance of Engine to Sister Concern: CESTAT [Read Order]
The Chennai bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that penalty under the excise act is not invokable when...
![Payment of Interest does not Arise in Revenue Neutral Situation, no Duty to be Paid: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Payment-of-Interest-no-Duty-to-be-Paid-Interest-Payment-CESTAT-taxscan.jpg "Payment of Interest does not Arise in Revenue Neutral Situation, no Duty to be Paid: CESTAT [Read Order]")
![Interest Subsidy received under technology upgradation fund is capital receipt, no tax chargeable :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-Interest-Subsidy-technology-upgradation-fund-capital-receipt-tax-ITAT-fund-taxscan.jpg "Interest Subsidy received under technology upgradation fund is capital receipt, no tax chargeable :ITAT [Read Order]")
![Interest, Not Chargeable if Credit has been taken but not Utilised and Subsequently Reversed: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-CESTAT-Interest-Not-Chargeable-taxscan.jpg "Interest, Not Chargeable if Credit has been taken but not Utilised and Subsequently Reversed: CESTAT [Read Order]")
![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]")
Data already mentioned in ER-1 Returns and non-furnishing same is not Suppression of Facts: CESTAT sustains Interest Demand on Differential Duty only for normal Period
The Bangalore bench of Customs, Excise and Services Tax Appellate Tribunal (CESTAT) sustained the demand of interest on differential duty only for the normal period. The bench allowed the appeal...
Disallowance of interest component on EMI paid to Non-Banking Financial Companies u/s 40(a)(ia) of IT Act: ITAT quashes order
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) quashed the order passed by the Commissioner of Income Tax (Appeals) for the disallowance of interest component on EMI paid to non-banking...
![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...
