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Delhi Cargo Service Centre v.ACIT ( 2023) BCAJ -May – P. 34 ( Delhi)( Trib)

S.37(1): Business expenditure – Interest – delayed payment of tax deduction at source – Compensatory in nature – Allowable as deduction.[ S. 43B]

Held that interest paid on late payment of Tax deduction at source is compensatory in nature and is an allowable deduction . Followed M.L .Reality v .ACIT  ITA No. 796/ Mum/ 2019  dt. 24 -3 -2021 .(2023 Taxcan (ITAT ) 778 dt. 24 -3 -2023 )( AY. 2015 -16 )