https://www.taxtmi.com/caselaws?id=382978 The Madras High Court upheld the Tribunal's decision to dismiss the appeal regarding deductions for freight expenses and purchases from Neelam Minerals. The assessee failed to substantiate expenses with credible evidence, such as crossed demand drafts, and lacked confirmation from alleged transporters, leading to the rejection of the appeal. The Tribunal emphasized the importance of concrete evidence in tax assessments and the necessity of specific legal grounds to challenge factual findings, in line with Supreme Court precedent. The judgment highlighted the significance of providing verifiable documentation and legal standards in appellate proceedings. en-us Tue, 02 Jul 2019 00:00:00 +0530 Fri, 12 Jul 2019 09:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382978 The Madras High Court upheld the Tribunal's decision to dismiss the appeal regarding deductions for freight expenses and purchases from Neelam Minerals. The assessee failed to substantiate expenses with credible evidence, such as crossed demand drafts, and lacked confirmation from alleged transporters, leading to the rejection of the appeal. The Tribunal emphasized the importance of concrete evidence in tax assessments and the necessity of specific legal grounds to challenge factual findings, in line with Supreme Court precedent. The judgment highlighted the significance of providing verifiable documentation and legal standards in appellate proceedings. Case-Laws Income Tax Tue, 02 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382978