https://www.taxtmi.com/caselaws?id=466861 Three deductibility issues addressed: interest on delayed employee contributions (PF/ESI) is non-deductible because section 36(1)(va) and its Explanation require timely deposit and failure to deposit bars allowance (disallowed); interest under section 201(1A) for delayed TDS is treated as penal/non-compensatory and therefore not allowable as business expenditure (disallowed); interest under section 50 of the CGST Act for delayed GST is characterised as compensatory and allowable as deduction under section 37(1) (allowed). en-us Fri, 08 Sep 2023 00:00:00 +0530 Mon, 23 Feb 2026 19:00:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466861 Three deductibility issues addressed: interest on delayed employee contributions (PF/ESI) is non-deductible because section 36(1)(va) and its Explanation require timely deposit and failure to deposit bars allowance (disallowed); interest under section 201(1A) for delayed TDS is treated as penal/non-compensatory and therefore not allowable as business expenditure (disallowed); interest under section 50 of the CGST Act for delayed GST is characterised as compensatory and allowable as deduction under section 37(1) (allowed). Case-Laws Income Tax Fri, 08 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466861