Case Law Details
Case Name : Trinity Infraventures Limited Vs ACIT (ITAT Hyderabad)
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Hyderabad
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Trinity Infraventures Limited Vs ACIT (ITAT Hyderabad)
There is no dispute as to the facts that the assessee failed to deposit the TDS amount within time and, therefore, deposited the same with interest of Rs. 29,35,279/- which they claimed as deduction under section 37 of the Act stating that mere enlargement of the amount of TDS with the inclusion of interest, does not take away its character as being TDS to be allowed under section 37 of the Act. Only question therefore, that falls for our consideration is whether this interest partakes the character of a penalty or to be construed as payme...
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16.08.2022 – Rajendra Sukhdev Mirgane Vs DCIT (ITAT Pune) – it was held that interest on delayed payment of TDS is not allowable – now – 13.10.2022 – Trinity Infraventures Limited Vs ACIT (ITAT Hyderabad) says such interest is allowable as deduction