https://www.taxtmi.com/caselaws?id=207206 The appeal was filed against the disallowance of interest paid to M/s. ONGC and HUDA under section 40(a)(ia). The Tribunal found the assessee failed to provide the required certificate for non-deduction of taxes on the interest payment to ONGC, leading to the dismissal of that part of the appeal. However, regarding the payment to HUDA treated as capital expenditure, the Tribunal sent the issue back to the Assessing Officer for further examination. The Tribunal partially allowed the appeal for statistical purposes, emphasizing the importance of proper documentation and verification of facts. The outcome favored the assessee in part. en-us Fri, 11 Mar 2011 00:00:00 +0530 Sat, 03 Dec 2011 07:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207206 The appeal was filed against the disallowance of interest paid to M/s. ONGC and HUDA under section 40(a)(ia). The Tribunal found the assessee failed to provide the required certificate for non-deduction of taxes on the interest payment to ONGC, leading to the dismissal of that part of the appeal. However, regarding the payment to HUDA treated as capital expenditure, the Tribunal sent the issue back to the Assessing Officer for further examination. The Tribunal partially allowed the appeal for statistical purposes, emphasizing the importance of proper documentation and verification of facts. The outcome favored the assessee in part. Case-Laws Income Tax Fri, 11 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207206