https://www.taxtmi.com/caselaws?id=347803 The ITAT dismissed the appeal regarding the disallowance of a claim towards payment of Custom Duty for AY 2006-07, emphasizing the lack of evidence from the assessee to prove the payment. However, in the case of disallowance of interest paid on import duty and set off of carried forward loss for AY 2008-09, the ITAT partially allowed the appeal, allowing the set off of carried forward loss but sustaining the disallowance of interest expenses. The judgment underscores the necessity of providing proper documentation to support claims in tax assessments to avoid adverse decisions. en-us Wed, 14 Jun 2017 00:00:00 +0530 Tue, 12 Sep 2017 08:43:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347803 The ITAT dismissed the appeal regarding the disallowance of a claim towards payment of Custom Duty for AY 2006-07, emphasizing the lack of evidence from the assessee to prove the payment. However, in the case of disallowance of interest paid on import duty and set off of carried forward loss for AY 2008-09, the ITAT partially allowed the appeal, allowing the set off of carried forward loss but sustaining the disallowance of interest expenses. The judgment underscores the necessity of providing proper documentation to support claims in tax assessments to avoid adverse decisions. Case-Laws Income Tax Wed, 14 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347803