Interest on Delayed Payment of TDS cannot be allowed as deduction: ITAT [Read Order]

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.
Interest on Delayed Payment - Delayed Payment of TDS - Payment of TDS - TDS - ITAT - Income Tax - Tax Deduction at Source - TAXSCAN

 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…

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