Disallowance of interest paid on service tax - interest on ...

Interest on Delayed Service Tax Payments Deductible Even if Not Recorded in Profit and Loss Account.

February 17, 2022

Case Laws Income Tax AT

Disallowance of interest paid on service tax - interest on delayed payment of service tax - It is settled proposition of law that the entries made in the books of account are not relevant for determining total income of the assessee. Hence, it cannot be said that the service tax collection and remittance is not related to the business carried on by the assessee, merely for the reason that they are not routed through the Profit and loss account. - Claim of deduction allowed - AT

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Disallowance of interest paid on service tax - interest on ...

Interest on Delayed Service Tax Payments Deductible Even if Not Recorded in Profit and Loss Account.

February 17, 2022

Case Laws Income Tax AT

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