High Court of Karnataka Dismisses Revenue's Appeals in TDS Dispute with Electricity Company — Delayed Payment Charges Not 'Interest' Under Section 2(28A) of Income Tax Act, 1961. The court held that delayed payment charges collected by an electricity company from consumers for belated payment of bills do not constitute 'interest' as defined under the Income Tax Act, and therefore no TDS is deductible under Section 194A.
15 Dec 2015The Revenue filed appeals under Section 260-A of the Income Tax Act, 1961, against a common order of the Income Tax Appellate Tribunal (ITAT) dated 31...




