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Interest on Delayed TDS Payment not allowable as Business Expenditure
Case Law Details
- Case Name
- RBL Bank Limited Vs DCIT (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017/18
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RBL Bank Limited Vs DCIT (ITAT Pune)
Introduction: The Income Tax Appellate Tribunal (ITAT) in Pune recently made a pivotal decision in the case of RBL Bank Ltd Vs DCIT, specifically regarding the treatment of interest paid on delayed payment of Tax Deducted at Source (TDS) under Section 201(1A) of the Income Tax Act, allowability of penalty imposed by the Reserve Bank of India (RBI), Employee Stock Option Plan (ESOP) and Broken Period Interest.
Table of Contents▸
Interest on Delayed TDS Payment not allowable as Business Expenditure
Penalty Imposed by RBI
Allowance of ESOP as Business E...
