Interest expense cannot be claimed if TDS not deducted

RELEVANT PARAGRAPH 15. It will also be relevant to mention that in the Memorandum explaining the provisions relating to direct taxes in the Finance Act, the above clause has been described under the head `Measures to plug revenue leakages’ and the relevant portion of Memorandum Explaining the Provisions Relating to Direct Taxes is reproduced below:- Enforcing compliance of provisions of TDS  Under the existing provisions of sub-clause (/) of clause (a) of section 40, failure to make deduction at source from payment of interest, royalty, fees for technical services or any other sum which...