Interest on service tax allowed?

it is allowd

yes interest is allowed but penalties are not allowed 

RIGHT SAID ABOVE.....

Penalty paid for wrong availment of cenvat credit - Is it allowed under income tax.

If Said penalty paid under protest and appeal has been filed against the order.

Penalty for wrong availment of credit may not be allowed as expense.

yes it is allowed

Thanks for ur response.

Please provide any supporting case laws (or) provisions under what section it will be allowed.

All Interest on Indirect Tax are allowed. interest on direct taxes anrdisallowed..............