https://www.taxtmi.com/caselaws?id=330884 The Court upheld the Tribunal's decision in favor of the Revenue, dismissing the appeals and finding no merit in the contentions raised by the assessee. The Court determined that the statement recorded under section 132(4) of the partner of the firm was valid evidence and that the claim of expenditure by way of interest to the partners lacked proper documentation, leading to the dismissal of the appeals. en-us Fri, 01 Jul 2016 00:00:00 +0530 Thu, 17 Nov 2016 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330884 The Court upheld the Tribunal's decision in favor of the Revenue, dismissing the appeals and finding no merit in the contentions raised by the assessee. The Court determined that the statement recorded under section 132(4) of the partner of the firm was valid evidence and that the claim of expenditure by way of interest to the partners lacked proper documentation, leading to the dismissal of the appeals. Case-Laws Income Tax Fri, 01 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330884