https://www.taxtmi.com/caselaws?id=203431 The Tribunal dismissed both the assessee's and revenue's appeals, upholding the disallowance of interest paid to the bank and polishing charges. The decision aligned with previous rulings, emphasizing the requirement for substantial evidence to substantiate claims. The Tribunal reduced the polishing charges disallowance from 50% to 15%, considering the lack of worker identity proof provided by the assessee. The outcome maintained consistency with prior judgments and highlighted the burden of proof resting on the assessee in such matters. en-us Thu, 26 Nov 2009 00:00:00 +0530 Thu, 26 May 2011 08:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203431 The Tribunal dismissed both the assessee's and revenue's appeals, upholding the disallowance of interest paid to the bank and polishing charges. The decision aligned with previous rulings, emphasizing the requirement for substantial evidence to substantiate claims. The Tribunal reduced the polishing charges disallowance from 50% to 15%, considering the lack of worker identity proof provided by the assessee. The outcome maintained consistency with prior judgments and highlighted the burden of proof resting on the assessee in such matters. Case-Laws Income Tax Thu, 26 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203431