https://www.taxtmi.com/caselaws?id=783554 Interest paid for delay in depositing TDS was held to be non-deductible, as the issue was covered against the assessee under settled law treating such interest as not allowable as business expenditure; the disallowance was sustained and the assessee's ground on this issue was dismissed. Travelling and visa expenses incurred to recruit students for overseas universities were held to be wholly and exclusively for business under s. 37(1), supported by documentary evidence; mere incurrence outside India and initial payment by relatives abroad did not negate deductibility, particularly as reimbursement was subsequently made; the disallowance was deleted and the assessee's ground was allowed. en-us Wed, 10 Dec 2025 00:00:00 +0530 Thu, 18 Dec 2025 08:01:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783554 Interest paid for delay in depositing TDS was held to be non-deductible, as the issue was covered against the assessee under settled law treating such interest as not allowable as business expenditure; the disallowance was sustained and the assessee's ground on this issue was dismissed. Travelling and visa expenses incurred to recruit students for overseas universities were held to be wholly and exclusively for business under s. 37(1), supported by documentary evidence; mere incurrence outside India and initial payment by relatives abroad did not negate deductibility, particularly as reimbursement was subsequently made; the disallowance was deleted and the assessee's ground was allowed. Case-Laws Income Tax Wed, 10 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783554