https://www.taxtmi.com/caselaws?id=267600 The High Court dismissed the appeal by the assessee, upholding the Tribunal and CIT(A) decisions. The court emphasized the lack of concrete evidence supporting the claim that the interest paid was to the Government under Section 196(i) of the Income Tax Act, 1961. It highlighted the absence of documentation proving the loan source and interest payment to the Government, ultimately leading to the dismissal of the appeal. en-us Fri, 09 Oct 2015 00:00:00 +0530 Mon, 09 Nov 2015 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267600 The High Court dismissed the appeal by the assessee, upholding the Tribunal and CIT(A) decisions. The court emphasized the lack of concrete evidence supporting the claim that the interest paid was to the Government under Section 196(i) of the Income Tax Act, 1961. It highlighted the absence of documentation proving the loan source and interest payment to the Government, ultimately leading to the dismissal of the appeal. Case-Laws Income Tax Fri, 09 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267600