https://www.taxtmi.com/caselaws?id=261984 The Tribunal upheld the assessment order under section 144 of the Income-tax Act, 1961, due to the assessee's failure to provide necessary information. The inclusion of NPA provisions in profit was sent back to the AO for proper assessment. Disallowance of expenses for lack of evidence was partially upheld, and the addition under section 40(a)(ia) for non-deduction of TDS on interest payments was reduced but sent back for further verification. Both parties' appeals were partly allowed, emphasizing the importance of accurate verification and compliance with tax laws. en-us Fri, 24 Jul 2015 00:00:00 +0530 Wed, 29 Jul 2015 07:46:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261984 The Tribunal upheld the assessment order under section 144 of the Income-tax Act, 1961, due to the assessee's failure to provide necessary information. The inclusion of NPA provisions in profit was sent back to the AO for proper assessment. Disallowance of expenses for lack of evidence was partially upheld, and the addition under section 40(a)(ia) for non-deduction of TDS on interest payments was reduced but sent back for further verification. Both parties' appeals were partly allowed, emphasizing the importance of accurate verification and compliance with tax laws. Case-Laws Income Tax Fri, 24 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261984