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2016 (1) TMI 781 - AT - Income TaxDisallowance of interest on delayed payment on excise duty or delayed payment of sales-tax - Held that:- These are more or less compensatory in nature and cannot be held as any infraction or violation of any law. Such a payment of interest on delayed payment or excess credit also cannot be disallowed as it is pure compensatory and accordingly, the order of the CIT(A) on this score is reversed. We find that the Tribunal in assessee’s own case for AY 2005-06 has deleted the delayed payment of sales tax. Accordingly, on same reasoning we also allow these payments - Decided in favour of assessee
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