Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    Income-tax Rules Amended: Form 3CD Gets Major...     TaxTMI    SCN Issued Two Days Beyond Section 73(2) Deadline...     TaxTMI    CBIC Revises Tariff Values Under Section 14(2) for...     TaxTMI    Diamond Imprest Authorisation Form Updated with...     TaxTMI    Sea Cargo Manifest Regulations: CBIC Extends...     TaxTMI    CBIC Implements Electronic Processing for Personal...     TaxTMI    CBDT Authorizes Waiver of Interest on Delayed...     TaxTMI    GST Assessment Order Set Aside for Lacking Document...     TaxTMI    SEBI Introduces New Governance Rules for High Value...     TaxTMI    Government exempts Bengal gram from AIDC and SWS...     TaxTMI    CGST Rules Amended: Rule 164 Changes Affect Tax...     TaxTMI    SEBI Eases ESG Compliance: New Green Credit...     TaxTMI    CBIC Clarifies Section 128A Waiver Eligibility for...     TaxTMI    Transfer of Development Rights Constitutes...     TaxTMI    GST Fraud Mastermind Denied Bail Under Sections...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights May 2013 Year 2013 This

Interest on sum seized from the business premises during the ...


High Court Affirms Petitioner's Right to Interest on Seized Business Funds Post Search and Seizure Operation.

May 17, 2013

Case Laws     Income Tax     HC

Interest on sum seized from the business premises during the search and seizure - petitioner is entitled to interest - HC

View Source

 

← Previous Next →

 

You may also like:

  1. Initiation of search and seizure u/s 132 - stock-in-trade of business cannot be seized during search and seizure operations conducted on or after June 1, 2003 - HC

  2. Addition u/s 68 - large cash withdrawal by the assessee immediately before the search and seizure operation - during search and seizure operation, the cash amount was...

  3. SIB MANAGEMENT SYSTEM for search and seizure operations under GST

  4. Legality of search and seizure conducted at the residential premises of the petitioner - The High Court meticulously analyzed the legislative intent and statutory...

  5. Interest on delayed refund - seizure of cash / currency during search - The Commissioner (Appeals) has committed an error while holding that since there is no provision...

  6. Disallowance of excess interest paid - diversion of funds for non-business purposes - It is immaterial how the loan was treated by the Director - as far as the assessee...

  7. Interest charged u/s 234B - Deposit of amount pursuant to search and seizure proceedings - Provisions of section 132B of the Act governs the manner of utilisation of...

  8. The High Court addressed the validity of a seizure order u/s 67(2) of the CGST Act, focusing on whether the term "things" includes cash/currency seized during search and...

  9. Valid search - proceedings initiated under Section 132 - Note of satisfaction does record reasons calling for necessary authorization to carry out search and seizure...

  10. Assessment u/s 153A - While recording the statement during the course of search and seizure and survey operations, no attempt should be made to obtain confession as to...

  11. Search and seizure proceedings initiated u/s 132 - a diary that was found during the search were seized recordings of various transactions with abbreviations and amounts...

  12. Money seized during the search operation - whether be treated as advance tax from the date of its seizure - Held yes - AT

  13. Interest incurred claimed as a deduction u/s. 57(iii) out of interest earned from mutual funds - In our opinion, unless funds are borrowed for making deposit to earn...

  14. Disallowance of interest expenses incurred for non-business purposes - The ITAT found that the interest expenditure claimed by the assessee was allowable due to the...

  15. Disallowance of proportionate interest u/s 36 (1) (iii) - when assessee had sufficient funds, why should it depend on borrowed funds. In any case, if at a given point of...

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
F: Soil Purchase for Resale: Can Dispatch Challans Replace Proper Invoice...
F: Company Must Hold EGM to Adopt Financial Statements After AGM Failure,...
F: Jurisdiction Question: Can a Superintendent Issue GST Demand Summary W...
F: GST Audits Have No Time Limitation Under Section 65, Unlike Show Cause...
F: Pre-Deposit Refund After Favorable GST Appeal: System Error Workaround...
F: Taxpayer's Amnesty Scheme Payment at Risk Due to Missing DRC-03A Form ...
A: Mandatory GSTR-1 Filing: Reporting Outward Supplies Under GST With 15 ...
A: Filing OPC Annual Returns: 180-Day Deadline, Required Forms, and Commo...
A: Deodorant Sprays vs. Traditional Attars: Why Natural Indian Perfumes O...
A: Low-Quality Chinese Imports Harm Indian Industries: Solutions Include ...
A: Comprehensive Export Risk Management: Strategies for Political, Econom...
A: India's Pharmaceutical Industry Seeks to Reduce Dependence on Chinese ...
A: Proposed U.S. Tariffs on Indian Pharmaceuticals Could Raise Drug Price...
A: Saharanpur Wooden Craftsmanship: Traditional Artistry Supporting Artis...
A: Preserving Cultural Heritage: How Mithila Paintings Support Women Arti...
A: Mughal-Inspired Mirzapur Rugs: Preserving Traditional Craftsmanship Wh...
H: GST Orders Uploaded Without Proper Service Violate Natural Justice, Co...
H: GST Time Extension During COVID-19: Court Defers Ruling on Section 168...
H: Bail denied for mastermind accused of Rs. 53.03 Crore GST fraud throug...
H: Lufthansa Wins Challenge Against Withholding Tax Rate Change Under Ind...
H: Section 54F Deduction Denied: Timing of House Purchase and Constructio...
H: Tax Relief: Exchange of Old Flat for New in Redevelopment Not Taxable ...
H: Interest on Rupee-Denominated CCDs Must Be Benchmarked Against Domesti...
H: Assessee in Power Business Denied Enhanced 35% Depreciation Under Sect...
H: Taxpayer's Appeal Succeeds as Cash from Selling Deceased Wife's Jewelr...
H: Quantitative Restrictions on LAM Coke Imports Valid Under Section 9A o...
H: Courier Company Penalized for CIER Violations Despite KYC Compliance C...
H: Penalty Under Section 112(b) of Customs Act Reduced for Imported Motor...
H: Customs Act Section 149: Shipping Bill Amendments Require Contemporane...
H: Customs Duty Payment Under DGFT Amnesty Scheme Shields Importers From ...