https://www.taxtmi.com/caselaws?id=390506 The ITAT partially allowed the appeal, overturning the disallowance of deemed interest on loans and advances due to genuine transactions and adherence to accounting practices. However, it upheld the disallowance of unpaid service tax for lack of supporting details. Penalty proceedings for alleged income concealment were not addressed in detail, and interest charges under sections 234B and 234C were confirmed without specific elaboration. en-us Thu, 28 Nov 2019 00:00:00 +0530 Sun, 05 Jan 2020 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390506 The ITAT partially allowed the appeal, overturning the disallowance of deemed interest on loans and advances due to genuine transactions and adherence to accounting practices. However, it upheld the disallowance of unpaid service tax for lack of supporting details. Penalty proceedings for alleged income concealment were not addressed in detail, and interest charges under sections 234B and 234C were confirmed without specific elaboration. Case-Laws Income Tax Thu, 28 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390506