Interest on delayed payment of VAT and TDS is only compensatory ...

Income Tax

October 6, 2018

Interest on delayed payment of VAT and TDS is only compensatory and is not penal in nature. Therefore, the CIT(A) has correctly deleted the disallowance made for the interest expenditure claimed on delayed payment of VAT and TDS.

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Interest on delayed payment of VAT and TDS is only compensatory ...

Income Tax

October 6, 2018

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