Tuesday, February 11, 2020

No disallowance of Interest Expenses on Account of Non-Deduction of TDS: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) Bangalore held that no disallowance of interest expenses on account of non- deduction of TDS under section 36(1(vii) as well as u/s36(1)(viia) of the Income Tax Act, 1961. The Assessee is a rural regional bank engaged in the business interest of banking. In the course of assessment proceedings, u/s […]

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