https://www.taxtmi.com/caselaws?id=151966 Interest payable on turnover tax under the Bengal Finance (Sales Tax) Act, 1941, is treated as compensatory and distinct from the tax itself. Section 43B(a) of the Income-tax Act, 1961, applies only to sums payable by way of tax, duty, cess or fee, and the phrase "by way of" does not extend the disallowance to interest. Because the sales tax statute separately defines tax and does not include interest within that term, such interest is not covered by section 43B(a) unless the statute expressly provides otherwise. The disallowance was therefore deleted and the departmental challenge failed. en-us Fri, 29 Sep 2000 00:00:00 +0530 Thu, 20 Jun 2013 13:03:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151966 Interest payable on turnover tax under the Bengal Finance (Sales Tax) Act, 1941, is treated as compensatory and distinct from the tax itself. Section 43B(a) of the Income-tax Act, 1961, applies only to sums payable by way of tax, duty, cess or fee, and the phrase "by way of" does not extend the disallowance to interest. Because the sales tax statute separately defines tax and does not include interest within that term, such interest is not covered by section 43B(a) unless the statute expressly provides otherwise. The disallowance was therefore deleted and the departmental challenge failed. Case-Laws Income Tax Fri, 29 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151966