https://www.taxtmi.com/caselaws?id=245845 The High Court of Calcutta upheld the decision of the Income Tax Appellate Tribunal regarding the assessment of interest income. The appellant failed to prove that the interest amount received was passed on to the suppliers, leading to the dismissal of the appeal. The Court emphasized the importance of providing concrete evidence in tax assessments and rejected the appellant's plea for further opportunity to adduce evidence. The appeal was ultimately dismissed, affirming the Tribunal's decision on the assessment of interest income. en-us Mon, 20 Jan 2014 00:00:00 +0530 Wed, 09 Apr 2014 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245845 The High Court of Calcutta upheld the decision of the Income Tax Appellate Tribunal regarding the assessment of interest income. The appellant failed to prove that the interest amount received was passed on to the suppliers, leading to the dismissal of the appeal. The Court emphasized the importance of providing concrete evidence in tax assessments and rejected the appellant's plea for further opportunity to adduce evidence. The appeal was ultimately dismissed, affirming the Tribunal's decision on the assessment of interest income. Case-Laws Income Tax Mon, 20 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245845