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Iris Associates Pvt. Ltd., New Delhi vs Addl.Cit, Special Range- 4, New Delhi on 21 June, 2021 cites

Dcit,Circle-3(11), Kolkata, Kolkata vs M/S Narayani Ispat Pvt. Ltd., Kolkata on 30 August, 2017

5.2 Similarly, the Ahmedabad Bench of the ITAT in the case of MMR Infra vs. DCIT in ITA No.1609/Ahd/2018 vide order dated 01.06.2020 did not agree with the order of the ITAT Kolkata Bench in the case of DCIT vs. Narayani Ispat Pvt. Ltd. (supra) and held that the issue is covered against the assessee by the Hon'ble Madras High Court in the case of Chennai Properties and Investments Ltd. (supra).
Income Tax Appellate Tribunal - Kolkata Cites 14 - Cited by 14 - Full Document

Commissioner Of Income Tax vs Chennai Properties And Investments ... on 28 March, 2003

While coming to this conclusion, we are guided by the ratio laid by the Hon'ble Madras High Court in the case of CIT vs. Chennai Properties and Investments Ltd. (supra) wherein the Hon'ble High Court of Madras has clarified that Income Tax is not allowable as business expenditure and the amount deducted as tax is not an item of expenditure. In the above said judgment, the Hon'ble Madras High Court also referred to the judgment of the Hon'ble Apex Court in the case of Bharat Commerce Industries Ltd.
Madras High Court Cites 25 - Cited by 117 - R J Babu - Full Document

Dcit, Circle - 10(2), Kolkata , Kolkata vs M/S. V2 Retail Ltd., New Delhi on 28 June, 2019

Similar decisions were given by the Kolkata Bench in the cases of DCIT vs. Rungta Mines Ltd. in ITA No.1531/Kol/2017 vide order dated 05.10.2018, DCIT vs. Bonai Industrial Company Ltd. in ITA No.1533/Kol/2017 vide order dated 10.10.2018, DCIT vs. V2 Retail Ltd. in ITA No.1794/Kol/2018 vide order date 28.06.2019 and DCIT vs. Ma Annapurna Transport in ITA No.822/Kol/2018 vide order dated 15.01.2020. In all these cases the Kolkata Bench allowed the interest paid on late payment of TDS as a deduction.
Income Tax Appellate Tribunal - Kolkata Cites 18 - Cited by 1 - Full Document

Dcit, Central Circle - 2(4), Kolkata , ... vs M/S. Maa Annapurna Transport Agency ... on 15 January, 2020

Similar decisions were given by the Kolkata Bench in the cases of DCIT vs. Rungta Mines Ltd. in ITA No.1531/Kol/2017 vide order dated 05.10.2018, DCIT vs. Bonai Industrial Company Ltd. in ITA No.1533/Kol/2017 vide order dated 10.10.2018, DCIT vs. V2 Retail Ltd. in ITA No.1794/Kol/2018 vide order date 28.06.2019 and DCIT vs. Ma Annapurna Transport in ITA No.822/Kol/2018 vide order dated 15.01.2020. In all these cases the Kolkata Bench allowed the interest paid on late payment of TDS as a deduction.
Income Tax Appellate Tribunal - Kolkata Cites 17 - Cited by 2 - Full Document

M/S Sunquest Information Systems ... vs Dcit, Bangalore on 21 December, 2018

5.1 However, the ITAT Banglore Bench in the case of Velankani Information System Ltd. vs. DCIT in ITA No.218/Bang/2017 6 ITA No.7548/Del/2017 Iris Associates Private Limited Vs. ACIT reported in [2018] 172 ITR 356 (Banglore Tribunal) vide order dated 12.09.2018 disallowed the interest paid u/s 201(1A) of the Act for delay in depositing tax deducted at source and decided the issue against the assessee.
Income Tax Appellate Tribunal - Bangalore Cites 19 - Cited by 18 - Full Document

M/S.Ferro Alloys Corporation Ltd. ... vs Commissioner Of Income Tax, Vidarabha, ... on 25 February, 2016

4.0 Per contra, the Ld. CIT-DR submitted that the interest was levied on unpaid TDS liability and, therefore, the same was not allowable for deduction from the income of the assessee. The Ld. CIT-DR also placed reliance on the judgment of the Hon'ble Madras High Court in the case of CIT vs. Chennai Properties Ltd. reported in 239 ITR 435 (Madras) and the case of Ferro Alloys Corporation vs. CIT reported in [1992] 196 ITR 406 (Bombay). The Ld. CIT-DR emphasized that the default in payment of statutory liabilities always has penal consequences and not compensatory consequences and, therefore, the appeal of the assessee deserved to be dismissed.
Bombay High Court Cites 4 - Cited by 18 - B P Dharmadhikari - Full Document

Dcit, Cc-1(3), Kolkata, Kolkata vs M/S. Bonai Industrial Company Ltd., ... on 22 March, 2017

Similar decisions were given by the Kolkata Bench in the cases of DCIT vs. Rungta Mines Ltd. in ITA No.1531/Kol/2017 vide order dated 05.10.2018, DCIT vs. Bonai Industrial Company Ltd. in ITA No.1533/Kol/2017 vide order dated 10.10.2018, DCIT vs. V2 Retail Ltd. in ITA No.1794/Kol/2018 vide order date 28.06.2019 and DCIT vs. Ma Annapurna Transport in ITA No.822/Kol/2018 vide order dated 15.01.2020. In all these cases the Kolkata Bench allowed the interest paid on late payment of TDS as a deduction.
Income Tax Appellate Tribunal - Kolkata Cites 10 - Cited by 1 - Full Document
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