Interest on Late Tax Payment Not Deductible u/s 37(1) or Sections 30-36 of Income Tax Act.

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....Disallowances of the interest of late deposit of tax deducted at source - The Assessee has failed to pay his statutory dues in time and therefore, there is an interest liability. Therefore, such expenditure is not at all allowable to the Assessee as deduction u/s 37(1) - Even otherwise this deduction is not allowable in any of the section u/s 30 to 36 of the Act - AT....