Vidyut Metallics P.Ltd, Mumbai vs Assistant Commissioner Of Income Tax ... on 19 March, 2019
Further, it is noted that the cited decision of Mumbai Tribunal in Mukund
Ltd. Vs. ITO [supra] has not considered any of the above decisions.
Therefore, respectfully following the judicial wisdom of Hon'ble High
Courts, we confirm the view taken by first appellate authority in the
impugned order and hold that interest on late payment of TDS could not
be allowed to the assessee u/s 37(1). We order so. The ground stands
dismissed.