https://www.taxtmi.com/caselaws?id=292056 The ITAT upheld the decision of the CIT(A), ruling in favor of the assessee by allowing interest expenses on delayed TDS payments under section 37(1) of the IT Act. The Tribunal determined that such interest is compensatory, not penal, aligning with precedents and dismissing the Revenue's appeal. en-us Fri, 15 Jun 2018 00:00:00 +0530 Wed, 13 Nov 2024 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292056 The ITAT upheld the decision of the CIT(A), ruling in favor of the assessee by allowing interest expenses on delayed TDS payments under section 37(1) of the IT Act. The Tribunal determined that such interest is compensatory, not penal, aligning with precedents and dismissing the Revenue's appeal. Case-Laws Income Tax Fri, 15 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292056