TaxTMI 
TaxTMI 
TaxTMI 
2024 (8) TMI 1232
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....Shri Ganesh R Gale, Standing Counsel for Dept. ORDER PER WASEEM AHMED, ACCOUNTANT MEMBER: This is an appeal filed by the assessee against the order passed by the Addl.JCIT (A)-12, Mumbai dated 27/05/2024 vide DIN No. ITBA/APL/S/250/2024-25/1065155436(1) for the assessment year 2023- 24. 2. The only issue raised by the assessee is that the ld. CIT(A) erred in confirming the addition of Rs. 14,1....
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....f the ld. CIT-A, the assessee is in appeal before us. 4. The ld. AR before us submitted that the expenses in dispute have not been prohibited under the provisions of law. As such, the interest and the fee were levied on account of non-compliance of the different provisions under the different Act, which is compensatory in nature and, therefore, the same should be allowed as a deduction. 5. On th....
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.... comply the provisions of GST Act by filing the return within the stipulated time. Since the returns have not been filed within the stipulated time, the interest and fee were charged under the GST Act. As such the interest in dispute was not charged by the revenue for committing any offence which was prohibited under the provisions of GST Act. Thus, we are of the view that the interest and late fe....
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.... the addition. 7.1 Moving further, we note that the interest on delayed payment of Professional tax, PT, and licence fee for Rs. 217, Rs. 522 and Rs. 3000 respectively for which the assessee was under the statutory obligation to deposit/pay within the stipulated time but there was a delay and therefore the interest was charged under the relevant Act which is nothing but compensatory in nature and....