Interest paid on delayed payment of services tax was compensatory in nature; deduction allowable

INCOME TAX : Where assessee had shown outstanding 'trade payables' in its books of account for last three years, in absence of any evidence on record that there was a final remission or cessation of a 'trading liability' or any part of it during relevant previous year, provisions of section 41(1) could not have been invoked to add said amount to assessee's taxable income

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