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Income Tax - Highlights / Catch Notes

Home Highlights February 2021 Year 2021 This

Disallowance of interest paid on late payment of TDS - These are ...

Case Laws     Income Tax

February 2, 2021

Disallowance of interest paid on late payment of TDS - These are only damages thrust on the assessee for non-payment of dues to the Revenue within the stipulated period provided under the Act. Revenue Authorities has erred in invoking the provisions of section 37(1) in the case of the assessee - Claim of interest expense directed to be allowed - AT

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