Allowability of interest paid for delayed payment of service tax

Suresh Thadani (Querist) 04 November 2015 This query is : Resolved
Pls give citations and opinion on allowability (for income tax) of interest paid for delayed service tax payments

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B.Chakrapani Warrier (Expert) 07 November 2015
ST interest is a business expenditure for IT purposes.

Inference - CIT Vs. Kaypee Mechanaical India P Ltd [2014] taxman.com 363(Guj).

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