![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 Subsidy received under technology upgradation fund is capital receipt, no tax chargeable :ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that interest subsidy received under technology upgradation fund is capital...
![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]")
![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]")