https://www.taxtmi.com/caselaws?id=155006 The Tribunal partially allowed the assessee's appeal by rejecting the rejection of account books under section 145(3) due to insufficient evidence. It also disallowed additions for unaccounted production and alleged capital employed without concrete evidence. However, the Tribunal allowed deductions under section 80-IB and expenses treated as capital to be considered revenue. The Tribunal upheld the disallowance of interest on borrowed capital and deletion of TDS disallowance for failure to deduct under section 194C. The decision was based on the lack of corroborative evidence and proper application of relevant legal provisions. en-us Mon, 26 Mar 2012 00:00:00 +0530 Tue, 29 Aug 2017 08:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155006 The Tribunal partially allowed the assessee's appeal by rejecting the rejection of account books under section 145(3) due to insufficient evidence. It also disallowed additions for unaccounted production and alleged capital employed without concrete evidence. However, the Tribunal allowed deductions under section 80-IB and expenses treated as capital to be considered revenue. The Tribunal upheld the disallowance of interest on borrowed capital and deletion of TDS disallowance for failure to deduct under section 194C. The decision was based on the lack of corroborative evidence and proper application of relevant legal provisions. Case-Laws Income Tax Mon, 26 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155006