final g.....Tags : Interest rates, marginal cost, rbi
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Gujarat High Court Dismisses PIL Seeking Usage of Gujarati Language in Courts(22.08.2024)
Gujarat High Court has dismissed a Public Interest Litigation (PIL) that sought the usage of Gujarati language in courts across the State. The Court s.....
Tags : Gujarat High Court, Public Interest Litigation, Fundamental Right
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SC Pulls Up Centre for Not Clarifying Stand on Interest During Moratorium(27.08.2020)
Supreme Court has rebuked the Central Government for not clarifying its stand on the issue of interests payable on EMI loans during the COVID-19 induc.....
Tags : Supreme Court, Interest During Moratorium
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NCLAT: If Liquidation Cost Not Paid as Per Regulations, Security Interest Shall Stand Relinquished(11.12.2024)
NCLAT New Delhi bench has held that if the secured creditor does not pay the liquidation costs as per Regulation 21A(3) of the Liquidation Regulations.....
Tags : NCLAT New Delhi, Security Interest, Liquidation Cost
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Uttarakhand High Court Orders Complete Ban on Mining Activities in Bageshwar District(08.01.2025)
Uttarakhand High Court while hearing a Public Interest Litigation on alleged illegal mining activities in Bageshwar district, has directed complete ba.....
Tags : Uttarakhand High Court, Public Interest Litigation, Mining Activities
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SC: Union to Frame Action Plan for Implementation of Feeding and Child Care Rooms in Public Areas(20.11.2024)
Supreme Court while hearing a public interest litigation, has asked the Central Government to frame an action plan regarding facilities of child care .....
Tags : Supreme Court, Public Interest Litigation, Child Care Rooms
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SC: Absolute Ownership in Property as Per HSA Can’t be Claimed by Woman with Limited Interest(22.11.2024)
Supreme Court has held that if a Hindu woman is given only a limited interest in the property then absolute ownership cannot be claimed by her due to .....
Tags : Supreme Court, Absolute Ownership, Limited Interest
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RBI announces rate of interest on Government of India Floating Rate Bond, 2031(06.12.2023)
The rate of interest on Government of India Floating Rate Bond 2031 (FRB 2031) applicable for the half year December 07, 2023 to June 06, 2024 shall b.....
Tags : Interest, Rate, Bond 2031
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Central Government rescinds Notification No. 8/2017-Union Territory Tax (Rate), dated the 28th June, 2017 MANU/GSUT/0014/2017 under Union Territory Goods and Services Tax Act, 2017(29.01.2019)
In exercise of the powers conferred by sub-section (1) of section 8 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017), the Central .....
Tags : Notification, Rescission, Public interest
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Rate of Interest on Floating Rate Savings Bond, 2020 (Taxable) - FRSB 2020 (T) for the Period January 01, 2024 - June 30, 2024(01.01.2024)
1. In terms of Para 13 (ii) of Government of India Notification F.No.4(10)- B(W&M)/2020 dated June 26, 2020 on Floating Rate Savings Bonds, 2020 (Taxa.....
Tags : Rate, Interest, Savings Bond
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RBI announces rate of interest on Government of India Floating Rate Bond 2031(06.12.2022)
The rate of interest on Government of India Floating Rate Bond 2031 (FRB 2031) applicable for the half year December 7, 2022 to June 6, 2023 shall be .....
Tags : Interest rate, Announcement, Floating Rate Bond
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Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit-Extension(12.04.2021)
1. Please refer to the instructions issued vide DBR.Dir.BC.No.69/04.02.001/2019-20 dated May 13, 2020.
2. In this connection, Government of .....
Tags : Interest Equalization, Scheme, Extension
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Interest rate of deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds(03.04.2019)
It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announc.....
Tags : Deposits, Interest rate, Scheme
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Interest Subvention (IS) and Prompt Repayment Incentive (PRI) for Short Term Crop Loans during the years 2018-19 and 2019-20: Extended Period on account of Covid-19(21.04.2020)
1. Please refer to circular FIDD.CO.FSD.BC.No.15/05.02.001/2018-19 dated March 7, 2019 regarding Interest Subvention Scheme for Short Term Crop Loans .....
Tags : Interest Subvention, Extension, Covid-19
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RBI announces rate of interest on Government of India Floating Rate Bond 2033(21.03.2023)
The rate of interest on Government of India Floating Rate Bond 2033 (GOI FRB 2033) applicable for the half year March 22, 2023 to September 21, 2023 s.....
Tags : Rate, Interest, Applicability
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Rate of interest on Government of India Floating Rate Bond, 2024(06.05.2024)
The rate of interest on Government of India Floating Rate Bond 2024 (FRB 2024) applicable for the half year May 07, 2024 to November 06, 2024 shall be.....
Tags : Interest, Floating Rate Bond
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Banking Regulation Act, 1949 - Section 26A Depositor Education and Awareness Fund Scheme, 2014 - Operational Guidelines - Payment of Interest(07.06.2018)
Please refer to the circular DBOD.No.DEA Fund Cell.BC.126/30.01.002/2013-14 dated June 26, 2014 on the captioned subject, wherein Reserve Bank had spe.....
Tags : Interest Rate, Payment, Operational Guidelines
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Amendments under Interest Equalisation Scheme in respect of UIN(20.04.2023)
1.Attention of Trade and Industry is drawn towards Trade Notice no. 38/2021-22 dated 20.04.2023, wherein the eligible Interest Equalisation beneficiar.....
Tags : Amendments, Interest Equalisation, Scheme
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Alignment of interest of key employees of Asset Management Companies with the unit holders of the Mutual Fund Schemes(28.04.2021)
1. While SEBI has taken steps to standardize the scheme categories and characteristics of each category, the management of risk return profile of the .....
Tags : Alignment, Interest, Key employees
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Amendment under Interest Equalisation Scheme(25.05.2023)
1. Attention of Trade and Industry is drawn towards the extension of Interest Equalisation Scheme (IES) upto 31.03.2024, as notified by RBI vide its C.....
Tags : Amendment, Interest Equalisation, Scheme
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Interest Equalization Scheme on pre and post shipment rupee export credit - extension(01.07.2021)
1. This is with reference to the instructions issued vide circular DOR.CRE.REC.06/04.02.001/2021-22 dated April 12, 2021.
2. Government of I.....
Tags : Interest Equalization, Scheme, Extension
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Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit(29.11.2018)
1. Please refer to the operational instructions for the captioned scheme contained in RBI circular on Interest Equalisation Scheme on Pre and Post Shi.....
Tags : Equalisation Scheme, Interest, Shipment, Export Credit
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RBI announces rate of interest on Government of India Floating Rate Bond, 2031(06.06.2022)
The rate of interest on Government of India Floating Rate Bond, 2031 (FRB 2031) applicable for the half year June 7, 2022 to December 6, 2022 shall be.....
Tags : Interest rate, Announcement, Floating Rate Bond
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Use of any alternative reference rate in place of LIBOR for interest payable in respect of export / import transactions(28.09.2021)
1. Attention of Authorised Dealer Category- I banks (AD banks) is invited to extant Regulation 15 of Foreign Exchange Management (Export of Goods & Se.....
Tags : Alternative reference rate, LIBOR, Interest
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SC Refuses to Entertain PIL Seeking Prohibition on Social Media Usage for Children Below 13 Years(07.04.2025)
Supreme Court while refusing to entertain a Public Interest Litigation (PIL) seeking prohibition on social media usage for children below 13 years of .....
Tags : Supreme Court, Public Interest Litigation, 13 Years
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J&K HC: No Violation of Detenue’s Rights for Non-Disclosure of Confidential Intel in Public Interest(10.04.2025)
Jammu & Kashmir and Ladakh High Court has observed that merely because confidential information was not provided to detenue for public interest, it ca.....
Tags : J&K High Court, Non-Disclosure, Public Interest
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SC Dismisses PIL Challenging Provisions Allowing Students to Vote in their Place of Education(10.02.2025)
Supreme Court has dismissed a Public Interest Litigation that challenged provisions allowing students not present in their constituency to vote in the.....
Tags : Supreme Court, Public Interest Litigation, Place of Education
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SC Seeks Union’s Stand on Lifetime Disqualification of MPs/MLAs Upon Conviction(11.02.2025)
Supreme Court while hearing a public interest litigation seeking lifetime disqualification of MPs/MLAs upon conviction in criminal offences, has sough.....
Tags : Supreme Court, Public Interest Litigation, Lifetime Disqualification
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Utt. HC: PIL Filed Against Recently Implemented 'Uniform Civil Code Uttarakhand 2024'(12.02.2025)
A Public Interest Litigation has been filed challenging the recently implemented 'Uniform Civil Code Uttarakhand 2024' in the Uttarakhand High Court o.....
Tags : Public Interest Litigation, Uttarakhand High Court, Uniform Civil Code
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Central Government makes amendment in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30th June, 2017(12.07.2022)
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Cu.....
Tags : Amendment, Notification, Public interest
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Judgments
Constitutionality of Food Safety and Standards Act, 2006 upheld(16.09.2015)
The Bombay High Court summarised its position on the constitutionality and vires of the Food Safety and Standards Act, 2006 as thus: “…if preventing f.....
Tags : Food safety, constitutionality, public interest
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Petition against appointment of additional nature guides at Ranthambore rejected(09.09.2015)
Rajasthan High Court dismissed a petition by nature guides at Ranthambore National park against the appointment of additional guides. Noting that the .....
Tags : Ranthambore, nature guide, vested interest
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Interest and penalty not imposable where credit wrongly availed, reversed prior to utilization(08.08.2016)
Issue involved was relating to liability to pay interest on cenvat credit availed by Appellant but not utilized and reversed subsequently. In present .....
Tags : Cenvat credit, Interest, Liability
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Interest would be payable from date on which CENVAT credit is wrongly taken or utilized(03.11.2016)
Appellant is engaged in manufacture of electronic connector harness and other IT products availed CENVAT credit of duty paid on inputs and capital goo.....
Tags : CENVAT credit, Interest, Levy
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Person holding premises gratuitously or as caretaker or servant would not acquire any interest in property even by long possession(06.01.2017)
Instant appeal challenges judgment passed by High Court of Bombay setting aside Order passed by Bombay City Civil Court. Said Notice of Motion was dis.....
Tags : Property, Possession, Caretaker, Interest
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For erroneous credit availed, even if, not utilized, interest could be applicable for the normal period of limitation(19.01.2018)
In the facts of present case, the Appellant had wrongly taken excess credit of Rs. 9,97,32,292 during the period September 2008 to January 2009 on imp.....
Tags : Excess credit, Interest, Payment
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Disclosure of bank’s business dissuades “window-dressing”, in public interest(28.06.2016)
“Any action that results in dissuading commercial entities from indulging in practices such as window-dressing would be in larger public interest”, th.....
Tags : rti, exemption, bank, business mix, public interest
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Bank cannot refuse any payment which is made by a loanee of outstanding amount(19.06.2018)
The appeal has been preferred against the order passed by the learned single Judge, who has exonerated the private Respondent from making further paym.....
Tags : Outstanding dues, Interest, Payment
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Authorities are entitled to claim exemption when disclosure of information risks possibility of its misuse(15.05.2019)
In facts of the present case, the Appellant filed an application under the Right to Information Act, 2005 (RTI Act) before the Central Public Informat.....
Tags : Information, Disclosure, Public interest
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If amount is not voluntarily paid by assessee and later on case is decided in his favour, then he is entitled to interest from date of deposits made by assessee(18.11.2019)
The present appeal is directed against the impugned order passed by the Commissioner (Appeals) whereby the Commissioner (Appeals) has allowed the inte.....
Tags : Interest, Entitlement, Date
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Department can re-open proceedings after issuance of discharge certificate only when there is substantial and conscious mis-declaration(21.10.2019)
The brief facts of the case are that, the Respondents filed VCES declaration under Section 107 of the Finance Act, 2013 as amended. They paid service .....
Tags : Demand, Interest, Deletion, Legality
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Recovery of interest on delayed period even though claimed after taking possession is maintainable(14.03.2019)
In facts of present case, Appellant-allottee has challenged the final order passed by Learned Member and Adjudicating Officer of MahaRERA Authority in.....
Tags : Delayed possession, Interest, Entitlement
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Promoter is liable to pay interest to the complainant on failure to fulfil his obligation(28.02.2019)
A complaint was filed under section 31 of the Real Estate (Regulation and Development) Act, 2016 read with rule 28 of the Haryana Real Estate (Regulat.....
Tags : Delayed possession, Interest, Legality
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Contract must explicitly bar pendente lite interest to prevent arbitral award(16.03.2016)
An Arbitrator cannot award interest pendente lite if the same is barred expressly by contract. The Supreme Court distinguished an explicit contractual.....
Tags : Arbitration, interest, award, pendente lite
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Interest alone cannot be construed as operational debt(11.02.2020)
Present appeal emanates from the order passed by the Adjudicating Authority on the application filed under Section 9 of the Insolvency and Bankruptcy .....
Tags : Delayed payment, Interest, Operational Debt
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No interest is payable, when clauses agreement bars arbitrators from granting interest(07.02.2019)
In present matter, the Appellant herein was awarded the contract under which it was to execute certain Works. Agreement in this behalf was signed on 1.....
Tags : Award, Interest, Legality
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Insurer is liable to pay interest in case of delay beyond the timeline prescribed in Regulation(04.04.2019)
Present Petition under Article 226 of the Constitution of India, seeks a writ of mandamus to Respondent No. 1- Life Insurance Corporation of India (LI.....
Tags : LIC Policy, Payment, Delay, Interest
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Integrity of judicial officer must be of a higher order and even a single aberration is not permitted(27.02.2020)
Present writ petitions have been filed by two erstwhile judicial officers who were members of the judicial service in the State of Jharkhand and are d.....
Tags : Compulsory retirement, Public interest, Legality
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Before entertaining a writ petition and passing any interim orders, Court must carefully weigh conflicting public interests(24.06.2020)
The present appeals are directed against the interim order passed by the High Court whereby in an intra-court appeal, the High Court passed an order o.....
Tags : Public interest, Interim order, Legality
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Intervention of the Court is envisaged only in few circumstances like fraud or bias by the Arbitrators or violation of natural justice(03.10.2017)
The Appellant, in present appeals, has challenged the legality and correctness of the judgment and order passed by High Court of Calcutta. Appellant s.....
Tags : Dispute, Arbitrability, Award, Interest
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Court cannot grant interlocutory injunction, unmindful of the existence of a prima facie case merely on basis of public interest(18.09.2020)
Present application, preferred by the Appellant praying for permitting the applicant to manufacture and sell its product "APIXABID", a generic product.....
Tags : Public interest, Permission, Sale
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Interest can be capitalized only in respect of capital assets purchased out of borrowed funds(04.09.2020)
The revenue has filed present appeal challenging the decision rendered by Learned CIT(A) in respect of disallowance of interest expenditure made by th.....
Tags : Interest, Disallowance, Legality
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Authority under RERA Act, 2016 is empowered to impose interest on contravention of obligations by promoter(04.11.2020)
In facts of present case, the Petitioner is a promoter. The Respondent Nos.3 to 119 are allottees. The Petitioner could not deliver possession of the .....
Tags : Interest, Levy, Validity
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No larger public interest overriding the right to privacy of the donors and donees of electoral bonds; information are exempt under provisions of RTI Act(21.12.2020)
The Appellant has filed the instant appeal on the grounds that, reply given by the CPIO was wrong, incomplete and misleading. The Appellant pleaded th.....
Tags : Information, Disclosure, Public interest
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MACT award not classifiable as “income”(02.06.2016)
Compensation awarded by the Motor Accident Claims Tribunal, and interest accruing therefrom, are not subject to TDS (tax-deducted-at-source) and the s.....
Tags : mact, compensation, interest, tds, welfare
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When affairs of Company are being conducted in manner prejudicial to public interest, Tribunal is empowered to replace the existing Management(13.03.2020)
The Union of India moved a Petition under Sections 401/397/398 read with Section 408 of the Companies Act, 1956 (now Section 241(2) read with Section .....
Tags : Report, Public interest, Management, Replacement
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If Refund is delayed by three months after filling Application for Refund, claimant becomes eligible to get interest(01.04.2021)
The Appellant has filed present Appeal against the impugned order-in-appeal passed by the Commissioner (Appeals), CGST and Central Excise, wherein SAD.....
Tags : Refund, Interest, Entitlement
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An employee has a right to claim interest on delayed payment of retirement benefits(21.06.2021)
The writ Petitioner joined Durgapur Projects Limited, a Government of West Bengal Enterprise, on August 18, 1980. Durgapur Projects Limited is a State.....
Tags : Gratuity, Interest, Entitlement
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Once the borrowed funds were utilized for business purposes, interest paid on same becomes an allowable deduction under Section 36(i)(iii) of the IT Act(02.08.2021)
Present appeal arises out of the order by the learned Commissioner of Income Tax (Appeals). The ground raised by the assessee is with regard to challe.....
Tags : Disallowance, Interest, Legality
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If the contract prohibits pre-reference and pendente lite interest, the arbitrator cannot award interest for the said period(04.10.2021)
Present appeal is directed against the Order of the Division Bench of the High Court whereby it has upheld the judgment of the learned Single Judge re.....
Tags : Award, Interest, Entitlement
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Credit on Outdoor Catering Service to the extent of contribution of services charges borne by the employee is not Cenvatable(03.09.2021)
The issue involved in the present case is that whether the Appellant is liable to pay interest on the Cenvat credit availed on the contribution of ser.....
Tags : Demand, Interest, Legality
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If there is a specific contract between the parties that proscribes award of interest, award of pre-reference interest would be impermissible(20.12.2021)
The Petitioner (the 'Railway') has filed the present petition under Section 34 of the Arbitration and Conciliation Act, 1996 ('A and C Act') impugning.....
Tags : Award, Interest, Validity
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Arbitral tribunal has power to award future interests on the awarded amounts, which as expressly provided under Section 31(7)(a), may include interests on the amounts awarded(19.04.2022)
The Petitioner has issued a Notice Inviting Tender for three construction projects. The Respondent being the successful bidder entered into an agreeme.....
Tags : Interest on award, Arbitral Tribunal
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Unless otherwise agreed by parties, Arbitral Tribunal can award interest at reasonable rate for a period commencing from the date when the cause of action arises till the date of the award(22.04.2021)
The Appellants were awarded a contract by the State of Kerala for upgradation of a State Highway for two stretches, from Muvattupuzha-Thodupuzha and M.....
Tags : Interest, Delayed payment, Entitlement
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Liability to pay the interest on compensation shall be from the date of accident(11.03.2022)
The heirs of the deceased – labourer working on sugarcane field have preferred the present appeal against the impugned judgment passed by the High Cou.....
Tags : Compensation, Interest, Entitlement
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Arbitration tribunal empowered to recall order ‘in the interest of justice’(08.07.2016)
An arbitration tribunal can exercise its inherent powers to “secure the ends of justice”, the Chhattisdarh High Court said, allowing claims that the t.....
Tags : chhattisgarh, arbitration, order, recall, interest of justice
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Date of filing of refund application needs to be taken for grant of interest(05.04.2022)
The issue involved is whether the Appellant is entitled for interest in respect of the refund claim already granted. The brief facts of the case are t.....
Tags : Refund, Interest, Grant
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Statute provides for mandatory payment of interest and there is no discretionary power with the Revenue Authority in the matter of interest(25.05.2022)
The issue involved in present appeal is whether the Commissioner (Appeals) has rightly rejected the claim of interest, on the grant of belated refunds.....
Tags : Refund, Interest, Entitlement
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Interest earned by the assessee on surplus held with cooperative banks would be eligible for deduction under Section 80P(2)(d) of the IT Act(20.05.2022)
The Revenue is in appeal in respect of the allowability of deduction under Section 80P(2)(d) of the Income Tax Act, 1961 (IT Act) in respect of intere.....
Tags : Interest, Deduction, Eligibility
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Arbitrator has the inherent discretion to grant post-award interest(01.09.2022)
Present appeal arises from a judgment of the High Court by which the appeal under Section 37 of the Arbitration and Conciliation Act 1996 against a ju.....
Tags : Discretion, Award, Interest
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Any amount deposited during investigation has to be treated as pre-deposit and the same is neither hit by limitation nor by unjust enrichment(27.09.2022)
The issue involved in present appeal is whether the Court below have erred in reducing the amount of refund, which was in the nature of pre- deposit, .....
Tags : Pre-deposit, Refund, Interest
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Section 14A of IT Act will not apply, if no exempt income is received or receivable during the relevant previous year(06.10.2022)
Present Income Tax Appeal has been filed challenging the Impugned Order passed by the Income Tax Appellate Tribunal ('ITAT') for the Assessment Year 2.....
Tags : Assessment, Expenses, Interest
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In the absence of obligation to deduct tax at source, the assessee cannot be held to be an assessee in default(10.01.2023)
The Appellant is a company incorporated under the provisions of the Companies Act, 1956. It is engaged in the business of dealing in flats constructio.....
Tags : Assessment, Interest, Liability
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Section 220(2) of IT Act does not empower the revenue to demand interest relating back to a set aside order, when a fresh assessment order has been passed thereafter(17.11.2022)
The Assessee is engaged in the business of network design, management, communication, connectivity services and related products. The Assessee filed i.....
Tags : Interest, Deletion, Legality
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Unless there is a specific bar under the contract, it is always open for the Arbitrator/Arbitral Tribunal to award pendente lite interest(17.03.2023)
The Indian Railway Construction Company Limited ("IRCON") has preferred the present appeal feeling aggrieved and dissatisfied with the impugned judgme.....
Tags : Award, Interest, Grant
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Interest should be charged from the date of notice under Section 148 of the IT Act itself and not from the date of return filed(19.04.2023)
The assessee is an individual and derives income mainly from interest and other sources. The return of income under Section 139 of Income Tax Act, 196.....
Tags : Assessment, Interest, Legality
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Pension and gratuity are valuable rights and any culpable delay in disbursement thereof must be visited with penalty of payment of interest(15.11.2016)
Respondent was Assistant Store Superintendent with Irrigation Department of State of Uttar Pradesh. He stood retired on 30th June, 2009 on attaining a.....
Tags : Interest
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Liability to pay advance tax arises only on the accrual of income in the hands of the assessee and not prior(11.07.2023)
The relevant facts in this case are that the assessment proceedings in assessee’s case for A.Y. 2014-15 were completed on. Thereafter, the AO had issu.....
Tags : Interest, Payment, Liability
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Assessing Officer can impose penalty for default in making payment of tax, but same shall not exceed amount of tax in arrears(01.07.2017)
In the present case, Income Tax Return of Respondent-Assessee was processed under Section 143(1) of Income Tax Act, 1961, demand was raised and penalt.....
Tags : Arrears, Tax, Interest, Inclusion
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When there has been devolution of interest during pendency of suit, suit may, by leave of Court, be continued by or against persons upon whom such interest has devolved(10.07.2017)
By present application, challenge is made to order passed by District Judge, whereby appellate Court rejected application of Petitioner under Order XX.....
Tags : Interest, Devolution, Substitution, Entitlement
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Interest is compensatory in nature and is parasitic on the principal amount(02.06.2023)
The present appeal has been insinuated under Section 37 of the Arbitration and Conciliation Act, 1996 seeking setting aside of the judgment whereby ob.....
Tags : Award, Interest, Legality
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If the Judgment debtor has intimated the decree holder and award amount is available for withdrawal unconditionally, the liability of judgment debtor would cease on the date of deposit(04.09.2023)
By way of present Execution Petitions filed under Section 36 of the Arbitration and Conciliation Act, 1996 ('the A&C Act') read with Order XXI Rule 1 .....
Tags : Award, Execution, Interest
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If a business has been set up, even it has not commenced its activities, then expenditure relatable to said business, including interest expenses should be allowed as deduction(27.09.2023)
The assessee firm has filed its return of income for the assessment year 2015-16 on 30.09.2015 declaring total income of Rs.1,31,50,650. During the co.....
Tags : Disallowance, Interest, Legality
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Mere reflection of demand on e-filing portal does not absolve Revenue from properly serving the intimation and demand notice(04.01.2024)
In present case, the assessee is a resident corporate entity. The core issue arising for consideration is relating to chargeability of interest under .....
Tags : Assessment, Interest, Legality
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When duty drawback is not paid within a period of three months from the date of filing of claim, the claimant would be entitled to interest in addition to the amount of drawback(05.02.2024)
In present matter, Respondent is a class-I contractor specializing in the field of civil contract works especially funnelling and hydro electric power.....
Tags : Interest, Payment, Direction
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Right to residence is not an indefeasible right of residence in shared household especially when the daughter-in-law is pitted against aged father-in-law and mother-in-law(17.05.2021)
In instant case, Parties to the present petition are related to each other in a way that Petitioner is the daughter-in-law and Respondents are her par.....
Tags : Right, Shared household, Beneficial interest
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Income received by way of interest on compensation or on enhanced compensation shall be chargeable to tax(08.04.2024)
The present appeal involves an examination of the taxability of the interest component, earned on compensation or enhanced compensation, ordered under.....
Tags : Tax, Levy, Interest
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When the assessee has not taken the benefit of the CENVAT credit, there is no liability to pay interest(23.04.2024)
The Appellants are manufacturers of cotton yarn which they are clearing on payment of duty under Notification No. 29/2004-CE and also availing full ex.....
Tags : Interest, Penalty, Legality
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Interest income earned by cooperative society on deposits made out of surplus funds with cooperative banks as well as schedule bank qualifies for deduction(03.06.2024)
In facts of the case, the Appellant is a Cooperative Society registered under the Maharashtra Co-operative Societies Act, 1960. It is engaged in the b.....
Tags : Assessment, Interest, Deduction
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Interest shall be computed from the date when the refund was due to be paid to the person till the date of payment of refund(27.05.2024)
The Petitioner has preferred present petition for issuance a writ of certiorari thereby quashing impugned order, where in interest has been provided f.....
Tags : Interest, Computation, Legality
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Courts are not supposed to grant interest on interest except where it has been specifically provided under the statute(07.08.2024)
The sole issue before present Court is whether interest is payable on interest or whether 15% interest per annum awarded would be on the principal sum.....
Tags : Interest, Award, Power
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No power under the Employees' State Insurance Act to statutory interest(29.10.2021)
In facts of present case, by a notice dated 6th April 1990, a demand was made by the Insurance Corporation in the sum of Rs.8,01,510 by way of contrib.....
Tags : Interest, Waiver, Entitlement
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Mere taking of cenvat credit in book of account would not entail interest and penalty unless same is drawn from account of the government by way of refund or utilisation against duty dues(23.01.2019)
Appellant manufactures bright bar of stainless steel, and mild steel and mild steel wire. It has registered under the Central Excise Act. It availed c.....
Tags : Duty demand, Interest, Penalty
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A person cannot be made to wait indefinitely for possession of flat allotted and is entitled to seek refund of amount paid(02.04.2020)
The Appellant-Builder launched a residential project by the name “Araya Complex” in Sector 62, Golf Course Extension Road, Gurugram. The Respondent- F.....
Tags : Refund, Interest, Entitlement
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A person cannot be made to wait indefinitely for possession of flat allotted and is entitled to seek refund of amount paid(02.04.2019)
The Appellant-Builder launched a residential project by the name “Araya Complex” in Sector 62, Golf Course Extension Road, Gurugram. The Respondent- F.....
Tags : Refund, Interest, Entitlement
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Complainant is entitled to delay period interest under Section 18 of the Real Estate (Regulation and Development) Act, 2016(17.07.2023)
Present complaint is filed under Section 18 of the Real Estate (Regulation and Development) Act, 2016 before this Authority against the project SHRIRA.....
Tags : Interest, Delay, Entitlement
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Assessee need not to demonstrate commercial expediency in each year concerning a loan transaction(10.07.2023)
In facts of present case, the Assessing Officer (AO) concluded that, the disallowance was mandated in view of the fact that the Respondent/Assessee ha.....
Tags : Assessment, Interest expenses, Disallowance
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