https://www.taxtmi.com/caselaws?id=308995 The Tribunal partly allowed all the appeals, ruling in favor of the appellant on the grounds of the delay in filing the appeal due to exceptional circumstances of the Covid-19 pandemic and miscommunication, and the disallowance of interest paid on late payment of service tax. The Tribunal held that the interest paid on late payment of service tax was compensatory in nature and should be considered as an allowable expenditure under section 37(1) of the Income Tax Act, 1961. en-us Fri, 31 Mar 2023 00:00:00 +0530 Fri, 04 Aug 2023 21:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308995 The Tribunal partly allowed all the appeals, ruling in favor of the appellant on the grounds of the delay in filing the appeal due to exceptional circumstances of the Covid-19 pandemic and miscommunication, and the disallowance of interest paid on late payment of service tax. The Tribunal held that the interest paid on late payment of service tax was compensatory in nature and should be considered as an allowable expenditure under section 37(1) of the Income Tax Act, 1961. Case-Laws Income Tax Fri, 31 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308995