https://www.taxtmi.com/caselaws?id=204158 The appellant, engaged in the iron and steel business, faced disallowance of interest expenditure for not deducting TDS. The AO disallowed the expenses, upheld by the CIT(A) and Tribunal, emphasizing the mandatory nature of TDS deduction. The Tribunal dismissed the appeal, holding the appellant obligated to deduct TDS. Additionally, the Tribunal upheld the charge of interest under section 234B, dismissing the appellant's claim that it was mandatory and consequential. Ultimately, the appeal was dismissed on 16.2.2010. en-us Fri, 12 Feb 2010 00:00:00 +0530 Tue, 14 Aug 2012 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204158 The appellant, engaged in the iron and steel business, faced disallowance of interest expenditure for not deducting TDS. The AO disallowed the expenses, upheld by the CIT(A) and Tribunal, emphasizing the mandatory nature of TDS deduction. The Tribunal dismissed the appeal, holding the appellant obligated to deduct TDS. Additionally, the Tribunal upheld the charge of interest under section 234B, dismissing the appellant's claim that it was mandatory and consequential. Ultimately, the appeal was dismissed on 16.2.2010. Case-Laws Income Tax Fri, 12 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204158