https://www.taxtmi.com/caselaws?id=258703 The Tribunal upheld the addition for the understatement of copper stock for A.Y. 2007-08 due to lack of credible evidence from the assessee. Regarding the disallowance of interest under section 40A(2)(a) for A.Y. 2007-08 and 2008-09, the Tribunal granted partial relief by allowing a premium of 25% over the bank rate for calculating the excess interest rate. The assessee's appeals were partly allowed in this case. en-us Wed, 25 Mar 2015 00:00:00 +0530 Sat, 18 Apr 2015 09:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258703 The Tribunal upheld the addition for the understatement of copper stock for A.Y. 2007-08 due to lack of credible evidence from the assessee. Regarding the disallowance of interest under section 40A(2)(a) for A.Y. 2007-08 and 2008-09, the Tribunal granted partial relief by allowing a premium of 25% over the bank rate for calculating the excess interest rate. The assessee's appeals were partly allowed in this case. Case-Laws Income Tax Wed, 25 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258703