Interest on Delayed TDS Payment not allowable as Business Expenditure

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 pena

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