Just a moment...

⚠✕
Report
FeedbackReport
☰
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error ✕
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search ✕
  1. Put words in double quotes for exact word search, eg: "income tax"
  2. Avoid noise words such as : 'and, of, the, a'
  3. Sort by Relevance to get the most relevant document.
  4. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
    5. Text Search
  5. The system will try to fetch results that contains ALL your words.
  6. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
    7. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
Expand ❯❯
Close ✕
🔎 Highlights - Adv. Search ❯
    July 28, 2025 Case Laws Indian Laws
    Refusal of Sanction Under Section 19 PC Act Doesn't Bar IPC Prosecution for Non-Official Acts
    July 28, 2025 Case Laws Income Tax
    Excluding Functionally Dissimilar Comparables Under Section 92C in Transfer Pricing Disputes
    July 28, 2025 Case Laws Income Tax
    Revision allowed under Section 263 for donation claim under Section 80GGC due to lack of AO inquiry
    July 28, 2025 Case Laws FEMA
    Anticipatory Bail Granted in Foreign Fund Misuse Case Under PMLA 2002 with Strict Conditions
    July 28, 2025 Case Laws Income Tax
    Temporary Construction Power Facilities Qualify for 100% Depreciation Under Relevant Tax Rules
    July 28, 2025 Case Laws Income Tax
    ITAT Confirms PE Status Under Section 92A(2)(g) and Upholds Rs. 22 Crore Transfer Pricing Adjustment
    July 28, 2025 Case Laws FEMA
    HC upholds remand on 17-year delay in FERA show cause notice, mandates quick adjudication under FEMA rules
    July 28, 2025 Case Laws FEMA
    Agreement for Sale Under FERA 1973 Valid Without RBI Permission When No Title Transfer Occurs
    July 28, 2025 Case Laws Income Tax
    Legal and Professional Expenses Allowed as Business Costs Under Section 37(1), Not Capital Expenditure
    July 28, 2025 Case Laws Income Tax
    Reopening of Assessment Under Sec 147 Quashed Due to Invalid Approval and Violation of Sec 151
    July 28, 2025 Case Laws Income Tax
    Internal TNMM Valid for Arm's Length Pricing in Domestic Transactions Under Transfer Pricing Rules
    July 28, 2025 Case Laws Income Tax
    Assessment order under Sections 147, 144, 144B set aside for violating natural justice, allowing fresh evidence submission
    July 28, 2025 Case Laws Income Tax
    Unexplained Credit Not Fully Taxable Under Section 69A; Income Computed at 8% Turnover Under Section 44AD
    July 28, 2025 Case Laws Income Tax
    Penalty under Section 271(1)(c) Quashed for Accurate Disclosure of Interest on Staff Advances
    July 28, 2025 Case Laws Indian Laws
    Section 139 NI Act presumption applies to enforceable debts but can be rebutted by probable defense, leading to acquittal
    July 28, 2025 Case Laws Income Tax
    ITAT Allows Deduction Under Section 80IA and 33B for Business Discontinuance Due to Cyclone Damage
    July 28, 2025 Case Laws Customs
    HC upholds SC review allowing DRI officers to issue show cause notices under Validation Act, permits appeal within eight weeks
    July 28, 2025 Case Laws VAT / Sales Tax
    Pre-deposit under Section 39(5) HGST Act stays valid after repeal, interest calculated from deposit date
    July 28, 2025 Case Laws Indian Laws
    Conviction upheld under Section 15 NDPS Act for conscious possession of poppy husk with burden on accused to prove innocence
    July 28, 2025 Case Laws Income Tax
    Loss on Forward Contract Cancellation Held Capital Loss Under Income Tax Law Section 37(1)
❮

Are you sure you want to delete "My most important" ?

NOTE:

Highlights

Home / Highlights / Income Tax / 2021 / February, 2021 / This
Back

All Highlights

Showing Results for : Law : All
Reset Filters
Showing
Records
ExpandCollapse

    Highlights

    Home / Highlights / Income Tax / 2021 / February, 2021 / This
    Back

    All Highlights

    Showing Results for : Law : AllReset Filters
    Case ID :
    Income Tax

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

    Interest on Late TDS Payment Considered Damages, Not Expense; Incorrect Use of Section 37(1) Overturned.

    📋
    Contents
    Note

    Note

    Note

    Bookmark

    print

    Print

    Print Options

    Income TaxFebruary 2, 2021Case LawsAT

    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

    View Source View

    You may also like:

    Topics

    ActsIncome Tax
    Next ➔