Disallowance u/s 40(a)(ii) - interest on service tax - not a tax ...

Case Laws Income Tax

April 29, 2019

Disallowance u/s 40(a)(ii) - interest on service tax - not a tax levied on the profits/gains of any business or profession hence not disallowable u/s 40(a)(ii) - interest on delayed deposit of service tax is compensatory in nature and not penal - duly allowable u/s 37(1)

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Disallowance u/s 40(a)(ii) - interest on service tax - not a tax ...

Case Laws Income Tax

April 29, 2019

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