https://www.taxtmi.com/caselaws?id=208777 Interest paid on delayed payment of additional sales tax was treated as a statutory liability arising automatically under the sales tax law, because section 17-A(2) made interest payable once the tax was not paid within time. That liability was not dependent on a separate demand notice. As section 43B permits deduction only on actual payment of sums payable by way of tax, duty, cess or fee, the interest payment was held to be allowable as a deduction when paid. en-us Fri, 20 Jan 2012 00:00:00 +0530 Tue, 03 Apr 2012 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208777 Interest paid on delayed payment of additional sales tax was treated as a statutory liability arising automatically under the sales tax law, because section 17-A(2) made interest payable once the tax was not paid within time. That liability was not dependent on a separate demand notice. As section 43B permits deduction only on actual payment of sums payable by way of tax, duty, cess or fee, the interest payment was held to be allowable as a deduction when paid. Case-Laws Income Tax Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208777