https://www.taxtmi.com/caselaws?id=270431 The High Court upheld the Tribunal's decision on disallowance of refund of tuition fees paid in cash, reducing the disallowance amounts based on substantial evidence provided by the assessee. The court found the Assessing Officer's disallowance to be excessive and upheld the appellate authorities' decisions. Regarding the disallowance of interest on loans and advances to friends and relatives, the High Court agreed with the Tribunal's deletion of the disallowance, emphasizing the sufficiency of the assessee's own capital to cover interest-free advances. The court found no legal infirmity in the Tribunal's order and dismissed both appeals. en-us Tue, 07 Jul 2015 00:00:00 +0530 Fri, 08 Jan 2016 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270431 The High Court upheld the Tribunal's decision on disallowance of refund of tuition fees paid in cash, reducing the disallowance amounts based on substantial evidence provided by the assessee. The court found the Assessing Officer's disallowance to be excessive and upheld the appellate authorities' decisions. Regarding the disallowance of interest on loans and advances to friends and relatives, the High Court agreed with the Tribunal's deletion of the disallowance, emphasizing the sufficiency of the assessee's own capital to cover interest-free advances. The court found no legal infirmity in the Tribunal's order and dismissed both appeals. Case-Laws Income Tax Tue, 07 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270431