https://www.taxtmi.com/caselaws?id=275159 The Revenue's appeal against the order of the Commissioner of Income(Appeals) for the assessment year 2008-09 was partly allowed. The Tribunal directed the assessee to provide confirmation/confirmed account details with PAN of Allied Traders to the Assessing Officer for re-adjudication of the addition of Rs. 7 lakhs related to an unsecured loan. Additionally, the disallowance of Rs. 11,676 on account of interest paid on late payment of TDS was upheld, as interest for late payment of direct taxes is not deductible. en-us Fri, 29 Apr 2011 00:00:00 +0530 Thu, 20 Sep 2018 09:52:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275159 The Revenue's appeal against the order of the Commissioner of Income(Appeals) for the assessment year 2008-09 was partly allowed. The Tribunal directed the assessee to provide confirmation/confirmed account details with PAN of Allied Traders to the Assessing Officer for re-adjudication of the addition of Rs. 7 lakhs related to an unsecured loan. Additionally, the disallowance of Rs. 11,676 on account of interest paid on late payment of TDS was upheld, as interest for late payment of direct taxes is not deductible. Case-Laws Income Tax Fri, 29 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275159