According to the Bangalore bench of the Income Tax Appellate Tribunal (ITAT), interest on late Tax Deduction at Source (TDS) payments could not be allowed as deduction.
The Income Tax Appellate Tribunal (ITAT), Bangalore bench, held that interest on delayed payment of Tax Deduction at Source (TDS) could not be allowed as a deduction. The assessee, Expat Engineering India Ltd, after filing the return of income, had its case selected for scrutiny. During the scrutiny proceedings, the Assessing Officer (AO) determined that…
Taxscan Premium
Why should you subscribe?
- Enjoy our website without interruptions from advertisements
- Receive Daily newsletters
- Receive realtime Telegram/Whatsapp news updates
- Download original Judgements / Order / Notifications / Circulars, etc
- Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
₹1199 + GST for 1 year
Subscribe Now
Already Subscribed?
Login Now 
