https://www.taxtmi.com/caselaws?id=280302 The Tribunal upheld the disallowance of expenses on interest paid for delayed TDS payment as business income. The Assessing Officer disallowed the claim of Rs. 73,923 under section 37(1) of the Income Tax Act, stating that such expenses were not related to preserving or promoting the business. The CIT(A) affirmed this decision, and the Tribunal concurred, dismissing the appeal on 31-05-2017. en-us Wed, 31 May 2017 00:00:00 +0530 Tue, 30 Apr 2019 06:04:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280302 The Tribunal upheld the disallowance of expenses on interest paid for delayed TDS payment as business income. The Assessing Officer disallowed the claim of Rs. 73,923 under section 37(1) of the Income Tax Act, stating that such expenses were not related to preserving or promoting the business. The CIT(A) affirmed this decision, and the Tribunal concurred, dismissing the appeal on 31-05-2017. Case-Laws Income Tax Wed, 31 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280302