Disaalowance of expenditure
This query is : Open
15 September 2017
SIR,
Whether interest on late payment of Excise duty is allowable as deduction under Income Tax Act? If not please refer the section in Income tax act.
Whether interest on late payment of Excise duty is allowable as deduction under Income Tax Act? If not please refer the section in Income tax act.
16 September 2017
Allowable u/s 37(1).
Citation:- Saraspur Mills Ltd Vs. CIT [1997] 226 ITR 533 [Guj]
Citation:- Saraspur Mills Ltd Vs. CIT [1997] 226 ITR 533 [Guj]
16 September 2017
Dear Mr B Chackrapani Sir.,
In case Tax audit case it's allowed or disallowed...?
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