https://www.taxtmi.com/caselaws?id=352724 The tribunal dismissed the appeals by the assessee for assessment years 2006-07 and 2009-10, upholding the authorities' decisions on additions and disallowances under the Income Tax Act. The case centered on loans advanced by a company with which the assessee had substantial interest, triggering section 2(22)(e) application. The tribunal upheld disallowances of various charges due to non-compliance with TDS requirements and lack of evidence for business purposes. The denial of benefits under sections 14A and 10(36) was also upheld. The tribunal emphasized the lack of substantiating evidence provided by the assessee, leading to the dismissal of the appeals. en-us Wed, 29 Nov 2017 00:00:00 +0530 Wed, 20 Dec 2017 08:45:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352724 The tribunal dismissed the appeals by the assessee for assessment years 2006-07 and 2009-10, upholding the authorities' decisions on additions and disallowances under the Income Tax Act. The case centered on loans advanced by a company with which the assessee had substantial interest, triggering section 2(22)(e) application. The tribunal upheld disallowances of various charges due to non-compliance with TDS requirements and lack of evidence for business purposes. The denial of benefits under sections 14A and 10(36) was also upheld. The tribunal emphasized the lack of substantiating evidence provided by the assessee, leading to the dismissal of the appeals. Case-Laws Income Tax Wed, 29 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352724