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JURISHOUR | TAX LAW DAILY BULLETIN : 15 AUGUST, 2026

Here’s the Tax Law Daily Bulletin for  August 15, 2026.GSTSTRICT LIMITS ON GST CONFISCATION...
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Interest U/s 50 Not Payable on ITC Merely Availed but Not Utilised: Orissa High Court

The Orissa High Court has held that interest under Section 50 of the CGST...

Interest Not Mentioned in GST SCN Can’t Be Imposed Later: Allahabad High Court

The Allahabad High Court, Lucknow Bench has quashed a tax demand of over ₹1.02...

Interest on Income Tax Refund – 2025

The Indian Income Tax Department pays interest on income tax refunds at the rate...

Interest, Penalty Recovered by Chit Foreman Not Exigible To GST: AP HC

The Andhra Pradesh High Court has held that the interest and penalty recovered by...

Interest on FD, Tax Refunds Linked to Operational Obligations Qualifies for S. 80IA Deduction: Bombay HC

The Bombay High Court has held that interest earned on fixed deposits and tax...

Gujarat HC Quashes Interest, Penalty in GST Transitional Credit Dispute

The Gujarat High Court has quashed the interest and penalty in the GST transitional...

Interest Payable On Refund Of Amount On E-Stamp Paper: Supreme Court

The Supreme Court has held that there is no statutory provision required for interest...

Interest To Be Calculated Of Duty Short-Paid From Succeeding Month On Which Duty Was Payable: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT),  Bangalore Bench has held that...

Income Tax Deduction Allowable On Interest Income Earned From Deposits With Co-operative Banks: ITAT

The Income Tax Appellate Tribunal Ahmedabad ruled that the Income Tax deduction is allowable...

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JURISHOUR | TAX LAW DAILY BULLETIN : 15 AUGUST, 2026

Here’s the Tax Law Daily Bulletin for  August 15, 2026.GSTSTRICT LIMITS ON GST CONFISCATION...

ITAT Quashes Reassessment as Section 148 Notice Issued Beyond Limitation Period

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...

GST Refund Can’t Be Withheld During Tribunal Appeal Without Specific S. 54(11) Order: Patna High Court

The Patna High Court has held that the Revenue cannot withhold a GST refund...