https://www.taxtmi.com/caselaws?id=56377 The Tribunal dismissed the appeal, upholding the disallowance of interest paid under s. 220(2) for non-payment of income tax. The Tribunal emphasized that interest for non-payment of taxes cannot be considered a business activity and should not be allowed as a deduction, as it goes against the purpose of levying and collecting tax on income. Additionally, the Tribunal rejected the disallowance of Rs. 300, which was not pressed by the appellant. en-us Sun, 05 Nov 1989 00:00:00 +0530 Fri, 03 Dec 2010 13:12:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56377 The Tribunal dismissed the appeal, upholding the disallowance of interest paid under s. 220(2) for non-payment of income tax. The Tribunal emphasized that interest for non-payment of taxes cannot be considered a business activity and should not be allowed as a deduction, as it goes against the purpose of levying and collecting tax on income. Additionally, the Tribunal rejected the disallowance of Rs. 300, which was not pressed by the appellant. Case-Laws Income Tax Sun, 05 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56377