https://www.taxtmi.com/caselaws?id=12084 The Madras HC considered whether interest deduction could be allowed without proof that tax deduction at source was not required. It noted that the assessee had not produced material showing the true nature of the payment, the identity of the payee, or the link between the alleged interest and the purchase transaction. Relief cannot rest on presumption; the claimant must establish entitlement with cogent evidence, especially where statutory disallowance for failure to deduct tax at source may apply. The issue was answered against the assessee and in favour of the Revenue. en-us Wed, 27 Nov 2002 00:00:00 +0530 Tue, 16 Feb 2010 19:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12084 The Madras HC considered whether interest deduction could be allowed without proof that tax deduction at source was not required. It noted that the assessee had not produced material showing the true nature of the payment, the identity of the payee, or the link between the alleged interest and the purchase transaction. Relief cannot rest on presumption; the claimant must establish entitlement with cogent evidence, especially where statutory disallowance for failure to deduct tax at source may apply. The issue was answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Wed, 27 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12084