https://www.taxtmi.com/highlights?id=61987 Disallowance of interest paid on service tax - interest on delayed payment of service tax - It is settled proposition of law that the entries made in the books of account are not relevant for determining total income of the assessee. Hence, it cannot be said that the service tax collection and remittance is not related to the business carried on by the assessee, merely for the reason that they are not routed through the Profit and loss account. - Claim of deduction allowed - AT en-us Thu, 17 Feb 2022 14:21:45 +0530 Thu, 17 Feb 2022 14:21:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61987 Disallowance of interest paid on service tax - interest on delayed payment of service tax - It is settled proposition of law that the entries made in the books of account are not relevant for determining total income of the assessee. Hence, it cannot be said that the service tax collection and remittance is not related to the business carried on by the assessee, merely for the reason that they are not routed through the Profit and loss account. - Claim of deduction allowed - AT Highlights Income Tax Thu, 17 Feb 2022 14:21:45 +0530 https://www.taxtmi.com/highlights?id=61987