![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]")
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...
![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]](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]](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]](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]")
Relief to Mount Everest Breweries: Madhya Pradesh HC directs to Refund pre-deposit with 6 % Interest since SLP was dismissed [Read Order]
As a relief to Mount Everest Breweries, the Madhya Pradesh High Court (HC) has directed to refund pre-deposit with 6 % Interest since Special Leave Petition (SLP) was dismissed. The petitioner...
![Relief to Mount Everest Breweries: Madhya Pradesh HC directs to Refund pre-deposit with 6 % Interest since SLP was dismissed [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Mount-Everest-Breweries-Madhya-Pradesh-High-Court-Refund-Refund-pre-deposit-pre-deposit-Interest-SLP-taxscan.jpg "Relief to Mount Everest Breweries: Madhya Pradesh HC directs to Refund pre-deposit with 6 % Interest since SLP was dismissed [Read Order]")
Application to SVLDR Scheme under Arrears Category allowable even if Tax Paid since it Covers Interest and Penalty: Bombay HC [Read Order]Â Â Â Â Â Â
In a recent judgement, the Bombay High Court (HC) has held that an application to Sabka Vishwas (Legacy Dispute Resolution) SVLDR Scheme under the arrears category is allowable even if tax is paid...
![Application to SVLDR Scheme under Arrears Category allowable even if Tax Paid since it Covers Interest and Penalty: Bombay HC [Read Order]Â Â Â Â Â Â](https://www.taxscan.in/wp-content/uploads/2023/03/SVLDR-Scheme-Arrears-Category-Application-to-SVLDR-Scheme-Tax-Paid-Interest-Penalty-Interest-and-Penalty-Bombay-High-Court-Taxscan.jpg "Application to SVLDR Scheme under Arrears Category allowable even if Tax Paid since it Covers Interest and Penalty: Bombay HC [Read Order]Â Â Â Â Â Â")
Whether Component of Interest is part of "Remaining Tax" u/s 112(8) of GST Act: Patna HC Seeks Response from State [Read Order]
The state was called and directed to submit a counter-affidavit within a week by the Patna High Court (HC), which is composed of Acting Chief Justice Chakradhari Sharan Singh and Jitendra Kumar. ...
![Whether Component of Interest is part of Remaining Tax u/s 112(8) of GST Act: Patna HC Seeks Response from State [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Component-of-Interest-Interest-Remaining-Tax-GST-Act-GST-Orissa-High-Court-Response-from-State-taxscan-.jpg "Whether Component of Interest is part of Remaining Tax u/s 112(8) of GST Act: Patna HC Seeks Response from State [Read Order]")
![Misplacing FD is not Ground for deleting Addition of Interest: ITAT upheld Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Misplacing-FD-Addition-Interest-ITAT-TAXSCAN.jpg "Misplacing FD is not Ground for deleting Addition of Interest: ITAT upheld Addition [Read Order]")