![Interest paid on delayed payment of TDS not penal in nature: ITAT Allows Deduction u/s 37 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Interest-payment-TDS-nature-ITAT-Deduction-TAXSCAN.png "Interest paid on delayed payment of TDS not penal in nature: ITAT Allows Deduction u/s 37 [Read Order]")
Interest paid on delayed payment of TDS not penal in nature: ITAT Allows Deduction u/s 37 [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has allowed the deduction under Section 37 of the Income Tax Act 1961 holding that the...
![No Interest u/s 234A is Leviable, When Assessee Files Return Within the Time Allowed by Notice u/s 153A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Interest-Leviable-Files-Return-Notice-ITAT-TAXSCAN.jpg "No Interest u/s 234A is Leviable, When Assessee Files Return Within the Time Allowed by Notice u/s 153A: ITAT [Read Order]")
![Interest Awarded under Land Acquisition Act is not Taxable: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Interest-Awarded-Land-Acquisition-Act-Taxable-ITAT-revision-order-TAXSCAN.jpg "Interest Awarded under Land Acquisition Act is not Taxable: ITAT quashes Revision Order [Read Order]")
![Payment of Interest made Towards “compromise agreement” pursuant to Court order Allowable u/s 37: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Payment-of-Interest-compromise-agreement-ITAT-TAXSCAN.jpg "Payment of Interest made Towards “compromise agreement” pursuant to Court order Allowable u/s 37: ITAT [Read Order]")
![Interest/ Salary received by Partner from Firm Not Assessable as “Other Income”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Interest-Salary-received-Assessable-Other-Income-ITAT-TAXSCAN.jpg "Interest/ Salary received by Partner from Firm Not Assessable as “Other Income”: ITAT [Read Order]")
Motor Accident Compensation Claim: Calcutta HC directs Reliance General Insurance to Deposit Amount along with Interest [Read Order]
In a motor accident compensation claim case, the Calcutta High Court directed Reliance General Insurance to deposit the amount along with interest. The appellant filed the appeal against the...
Firm Not Taxable for Interest on Borrowed Capital paid to Partners when the same is Already Taxed from Partners u/s 28(v): ITAT [Read Order]
The Bangalore bench of income tax appellate tribunal has recently held that a firm is not taxable for interest on borrowed capital paid to partners when the same is already taxed from partners under...
![Firm Not Taxable for Interest on Borrowed Capital paid to Partners when the same is Already Taxed from Partners u/s 28(v): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Taxable-Interest-Capital-paid-Taxed-ITAT-TAXSCAN.jpg "Firm Not Taxable for Interest on Borrowed Capital paid to Partners when the same is Already Taxed from Partners u/s 28(v): ITAT [Read Order]")
Company Director forcibly taken to GST office to Deposit GST Demand: P&H HC Orders to Refund Sum with Interest [Read Order]
In a recent decision, Judge Ritu Bahri and Justice Manish Batra of the Punjab and Haryana High Court bench concluded that the respondent had forced the petitioner to deposit a Goods and Services Tax...
![Company Director forcibly taken to GST office to Deposit GST Demand: P&H HC Orders to Refund Sum with Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Company-Director-GST-office-GST-GST-Demand-Deposit-GST-Demand-Punjab-and-Haryana-High-Court-Refund-Interest-taxscan.jpg "Company Director forcibly taken to GST office to Deposit GST Demand: P&H HC Orders to Refund Sum with Interest [Read Order]")
No Need to File Fresh Claims when Refund Claim Embedded in Return: Delhi High Court Directs Dept. to Pay 6% Interest [Read Order]
The High Court of Delhi has held that no need to file fresh claims when a refund claim is embedded in return and directed the department to pay 6% interest. The revenue challenged the order dated...
![No Need to File Fresh Claims when Refund Claim Embedded in Return: Delhi High Court Directs Dept. to Pay 6% Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Fresh-Claims-Refund-Claim-Return-Delhi-High-Court-Interest-TAXSCAN.jpg "No Need to File Fresh Claims when Refund Claim Embedded in Return: Delhi High Court Directs Dept. to Pay 6% Interest [Read Order]")
Late Fee and Interest in respect of the TDS Statements cannot be Levied prior to 01/06/2015: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Hyderabad Bench, has recently, in an appeal filed before it, held that late fee and interest in respect of the TDS statements cannot be levied prior to...
![Late Fee and Interest in respect of the TDS Statements cannot be Levied prior to 01/06/2015: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/TDS-Statements-TDS-Late-Fee-Interest-ITAT-Income-Tax-Tax-Taxscan.jpg "Late Fee and Interest in respect of the TDS Statements cannot be Levied prior to 01/06/2015: ITAT [Read Order]")
Gujarat HC quashes prosecution under Income tax Act on Undisclosed Income in absence of a willful attempt to Evade Tax, Penalty or Interest [Read Order]
The High Court (HC) of Gujarat quashed prosecution under the Income Tax Act, 1961 on undisclosed income in absence of a willful attempt to evade tax, penalty, or interest. Suman Paper &Boards...
![Gujarat HC quashes prosecution under Income tax Act on Undisclosed Income in absence of a willful attempt to Evade Tax, Penalty or Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Gujarat-HC-Income-tax-Act-Income-evade-tax-Penalty-Interest-TAXSCAN.jpg "Gujarat HC quashes prosecution under Income tax Act on Undisclosed Income in absence of a willful attempt to Evade Tax, Penalty or Interest [Read Order]")