https://www.taxtmi.com/caselaws?id=259643 The High Court upheld the Tribunal's decision regarding the burden of proof on excessive expenditure under Section 40A(2)(b), shifting it from the assessee to the assessing officer. The disallowance of conversion charges as excessive and unreasonable was also affirmed, with the court emphasizing the lack of justification for the higher rates paid. The assessing officer was directed to modify the assessment order accordingly, allowing deductions at a lower, reasonable rate for certain materials. The appeal was dismissed, and parties were instructed to obtain a certified copy of the order. en-us Thu, 18 Sep 2014 00:00:00 +0530 Thu, 13 Aug 2015 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259643 The High Court upheld the Tribunal's decision regarding the burden of proof on excessive expenditure under Section 40A(2)(b), shifting it from the assessee to the assessing officer. The disallowance of conversion charges as excessive and unreasonable was also affirmed, with the court emphasizing the lack of justification for the higher rates paid. The assessing officer was directed to modify the assessment order accordingly, allowing deductions at a lower, reasonable rate for certain materials. The appeal was dismissed, and parties were instructed to obtain a certified copy of the order. Case-Laws Income Tax Thu, 18 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259643