https://www.taxtmi.com/caselaws?id=216908 The Tribunal upheld the disallowance of royalty payment to the Court Receiver under section 40(a)(ia) and interest on loans due to lack of justification. Disallowance of motor car and telephone expenses was upheld for insufficient evidence of business use. However, the disallowance of professional fees and security charges for non-deduction of tax at source was set aside for further verification. The Tribunal directed the Assessing Officer to reevaluate specific deductions while partly allowing the appeal for statistical purposes. en-us Fri, 06 Jul 2012 00:00:00 +0530 Wed, 26 Sep 2012 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216908 The Tribunal upheld the disallowance of royalty payment to the Court Receiver under section 40(a)(ia) and interest on loans due to lack of justification. Disallowance of motor car and telephone expenses was upheld for insufficient evidence of business use. However, the disallowance of professional fees and security charges for non-deduction of tax at source was set aside for further verification. The Tribunal directed the Assessing Officer to reevaluate specific deductions while partly allowing the appeal for statistical purposes. Case-Laws Income Tax Fri, 06 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216908