https://www.taxtmi.com/caselaws?id=378674 The Tribunal upheld the disallowances made by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals) in a case involving disallowance of 5% of diesel costs, interest expenses under section 40(a)(ia), and expenditure on exempt income under section 14A of the Income Tax Act. The Tribunal found the assessee's lack of vigilance in providing necessary documentation and evidence to contest the findings, leading to the dismissal of the appeal on all three grounds. The decision was pronounced on April 16, 2019. en-us Tue, 16 Apr 2019 00:00:00 +0530 Fri, 19 Apr 2019 08:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378674 The Tribunal upheld the disallowances made by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals) in a case involving disallowance of 5% of diesel costs, interest expenses under section 40(a)(ia), and expenditure on exempt income under section 14A of the Income Tax Act. The Tribunal found the assessee's lack of vigilance in providing necessary documentation and evidence to contest the findings, leading to the dismissal of the appeal on all three grounds. The decision was pronounced on April 16, 2019. Case-Laws Income Tax Tue, 16 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378674