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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Disallowance of interest on delayed payment on excise duty or ...


Interest on Late Excise Duty or Sales Tax is Compensatory, Not Law Violation; Shouldn't be Disallowed for Tax.

January 22, 2016

Case Laws     Income Tax     AT

Disallowance of interest on delayed payment on excise duty or delayed payment of sales-tax - These are more or less compensatory in nature and cannot be held as any infraction or violation of any law - AT

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