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Dy. CIT v. PLR Projects Pvt Ltd (2021) 92 ITR 23 (SN) (Hyd.)(Trib.)

S. 37(1) : Business expenditure-Fines and penalties-Interest on arrears of Service tax-Not penal in nature-Allowable as deduction.

Held that interest on arrears of Service tax is not penal in nature, allowable as deduction. (AY. 2013-14)