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Service tax

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(Querist)
10 November 2015 For Income Tax assessment - what is the position on allowability of Interest on Delayed ST payments

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Kumar

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Kumar (Expert)
10 November 2015 It is allowed as deduction. Malwa vanaspati &chemical ITR 383(SC)
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
11 November 2015 To be allowed u/s 37. Inference is from Gujarat High Court decision in CIT-III Vs. Kaypee Mechanical India Pvt Ltd reported in [2014] 45 Taxman.com 363.




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