Bench: Shri N. V. Vasudevan & Ms. Padmavathy Sassessment Year : 2016-17 M/S. Asianet Satellite Vs. Pcit, Communications Pvt. Ltd., Thiruvananthapuram. 2A, 2Nd Floor, Carnival Technopark, Technopark, Kazhakuttom, Karyavattom, P. O., Thiruvananthapuram. Pan : Aaeca 5548 E Appellant Respondent

26 of the financial statements. The assessee filed reply giving the breakup the interest paid as given Page 4 of 8 below and also made submissions stating that the interest paid is compensatory in nature and hence no disallowance is warranted. Account Head Amount Entertainment Tax (Mangalore)-Interest 3,186 Interest on TDS 98,53,799 Service Tax Interest