https://www.taxtmi.com/caselaws?id=269387 The Appellate Tribunal upheld the disallowances of cash loans received, interest expenditure, and consultation fees, as well as confirmed the levy of interest under section 234B of the Income Tax Act. The appellant's failure to substantiate claims with proper documentation and evidence resulted in the dismissal of the appeal. The Tribunal stressed the significance of complying with tax regulations and providing adequate proof to prevent disallowances and penalties. en-us Fri, 20 Nov 2015 00:00:00 +0530 Mon, 14 Dec 2015 10:41:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269387 The Appellate Tribunal upheld the disallowances of cash loans received, interest expenditure, and consultation fees, as well as confirmed the levy of interest under section 234B of the Income Tax Act. The appellant's failure to substantiate claims with proper documentation and evidence resulted in the dismissal of the appeal. The Tribunal stressed the significance of complying with tax regulations and providing adequate proof to prevent disallowances and penalties. Case-Laws Income Tax Fri, 20 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269387