https://www.taxtmi.com/highlights?id=72721 Nature of expenses - Allowable expenses u/s 37(1) - Interest and late fee on TDS, Late payment & penalty charges, Interest on margin trading facility - There was no basis with the AO/ld.CIT(A) to hold that these expenses were in the nature of penalty/expenses for any purpose being an offence or which is prohibited by law, not allowed in terms of Explanation to section 37(1) - AT en-us Wed, 25 Oct 2023 10:07:21 +0530 Thu, 26 Oct 2023 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72721 Nature of expenses - Allowable expenses u/s 37(1) - Interest and late fee on TDS, Late payment & penalty charges, Interest on margin trading facility - There was no basis with the AO/ld.CIT(A) to hold that these expenses were in the nature of penalty/expenses for any purpose being an offence or which is prohibited by law, not allowed in terms of Explanation to section 37(1) - AT Highlights Income Tax Wed, 25 Oct 2023 10:07:21 +0530 https://www.taxtmi.com/highlights?id=72721