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Income Tax - Highlights / Catch Notes

Home Highlights July 2021 Year 2021 This

Disallowance of expenses on account of interest on late payment ...

Income Tax

July 17, 2021

Disallowance of expenses on account of interest on late payment of service tax - CIT(A) deleted the disallowance holding that the interest on late payment of service tax is compensatory in nature - interest paid for late deposit of the service tax is a permissible deduction - AT

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