ITAT Rules Interest on Statutory Dues May Be Compensatory, But TDS Interest Has No Nexus With Business Profits:
The ITAT Kolkata held that interest on delayed payment of sales tax, service tax, VAT, entry tax and employer's PF contribution is compensatory and allowable under Section 37(1).
ITAT Allows Deduction for Interest on Delayed Sales Tax, Service Tax And Employer PF
Saima
Jul 15, 2026Premium
ITAT Rules Interest on Statutory Dues May Be Compensatory, But TDS Interest Has No Nexus With Business Profits
The ITAT Kolkata held that interest on delayed payment of sales tax, service tax, VAT, entry tax and employer's PF contribution is compensatory and allowable under Section 37(1).
Also Read
ITAT Holds Mere Suspicion Over Surge in Jewellery Sales During Demonetisation Cannot Justify Addition ITAT Quashes Reassessment as AO Makes No Addition on Reopening IssueITAT Restores Case of Suspicious Transactions to CIT(A) After Rule 46A Application and Key Issues Were Not Properly ConsideredITAT Rules Mere Omission to Report Exempt Dividend Cannot Convert Tax-Exempt Income into Taxable Income
About Author
Saima
Content Writer
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
StudyCafe
Delhi, Delhi, India
274My Recent Articles
- ITAT Holds Mere Suspicion Over Surge in Jewellery Sales During Demonetisation Cannot Justify Addition Premium
- ITAT Rules Mere Omission to Report Exempt Dividend Cannot Convert Tax-Exempt Income into Taxable IncomePremium
- ITAT Allows Section 10(38) LTCG Exemption on Greencrest SharesPremium
- ITAT Condones 185 Day Delay And Grants Fresh Opportunity to Defunct PSU Premium
- ITAT Quashes Reassessment Proceedings for Approval from Wrong AuthorityPremium
Up Next
Loading suggestions…
Recent Posts
All Posts
Recent Posts
All Posts