https://www.taxtmi.com/caselaws?id=389463 The Tribunal upheld the Commissioner (Appeals) decision, affirming the allowability of interest on belated Service Tax payment as a deduction. It emphasized the compensatory nature of such interest and rejected the Revenue's arguments based on a Delhi High Court decision, stating it did not apply to the case. Consequently, the Tribunal dismissed the Revenue's appeal, ruling in favor of the assessee regarding the interest paid for belated payment of Service Tax. en-us Thu, 08 Aug 2019 00:00:00 +0530 Mon, 09 Dec 2019 13:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389463 The Tribunal upheld the Commissioner (Appeals) decision, affirming the allowability of interest on belated Service Tax payment as a deduction. It emphasized the compensatory nature of such interest and rejected the Revenue's arguments based on a Delhi High Court decision, stating it did not apply to the case. Consequently, the Tribunal dismissed the Revenue's appeal, ruling in favor of the assessee regarding the interest paid for belated payment of Service Tax. Case-Laws Income Tax Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389463