https://www.taxtmi.com/caselaws?id=284462 The Tribunal dismissed the revenue's appeal challenging the disallowance under Section 40(a)(ia) of the Income-tax Act, 1961, regarding expenses related to TDS payments to Cox & Kings (India) Ltd. The Tribunal upheld the CIT(A)'s decision, noting CKL's compliance with TDS provisions. Additionally, the Tribunal allowed the assessee's cross objection on the disallowance of interest on delayed service tax payment, following legal precedents that deemed such interest compensatory and deductible under the Act. The Tribunal directed the Assessing Officer to verify the interest payment and make a decision accordingly. en-us Thu, 14 Feb 2019 00:00:00 +0530 Wed, 20 Nov 2019 10:03:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284462 The Tribunal dismissed the revenue's appeal challenging the disallowance under Section 40(a)(ia) of the Income-tax Act, 1961, regarding expenses related to TDS payments to Cox & Kings (India) Ltd. The Tribunal upheld the CIT(A)'s decision, noting CKL's compliance with TDS provisions. Additionally, the Tribunal allowed the assessee's cross objection on the disallowance of interest on delayed service tax payment, following legal precedents that deemed such interest compensatory and deductible under the Act. The Tribunal directed the Assessing Officer to verify the interest payment and make a decision accordingly. Case-Laws Income Tax Thu, 14 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284462