Interest on delayed TDS payment not allowable as expense/deduction

Expat Engineering India Ltd. Vs DCIT (ITAT Bangalore)

Levy of interest on delayed payment of TDS u/s.201(1A) though held to compensatory in nature, the allowability of the same cannot be decided simply based on that. The levy of 201(1A) is a levy for delay in the remittance of tax that is deducted and not paid into the government account and is levied towards the use of funds belonging to the exchequer. Th

Please become a Premium member. If you are already a Premium member, login here to access the full content.