https://www.taxtmi.com/caselaws?id=368102 The Tribunal dismissed the revenue's appeal on the applicability of TDS on credit card commission expenses, citing consistent precedent favoring the assessee. The Tribunal allowed the deduction of interest on delayed service tax remittances, considering it compensatory rather than penal. However, the Tribunal upheld the disallowance of interest on delayed TDS remittances, aligning with the view that such interest is akin to tax and not deductible as a business expenditure. The assessee's appeal was partly allowed, and the revenue's appeal was dismissed. en-us Wed, 12 Sep 2018 00:00:00 +0530 Wed, 15 Jul 2026 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368102 The Tribunal dismissed the revenue's appeal on the applicability of TDS on credit card commission expenses, citing consistent precedent favoring the assessee. The Tribunal allowed the deduction of interest on delayed service tax remittances, considering it compensatory rather than penal. However, the Tribunal upheld the disallowance of interest on delayed TDS remittances, aligning with the view that such interest is akin to tax and not deductible as a business expenditure. The assessee's appeal was partly allowed, and the revenue's appeal was dismissed. Case-Laws Income Tax Wed, 12 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368102