Easy Office
LCI Learning

Disaalowance of expenditure


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.

16 September 2017 Allowable u/s 37(1).
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...?






You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries