https://www.taxtmi.com/caselaws?id=400001 The Tribunal upheld the disallowance of personal expenses, road repairs and maintenance expenses, and professional fee due to lack of proper explanations and verification of business-related expenditures. The Tribunal considered the levy of interest under sections 234B and 234C of the Income Tax Act as consequential and mandatory. The appeal was partly allowed for statistical purposes, emphasizing the importance of providing adequate justification for claimed expenses and verifying expenditure authenticity in accordance with the law. en-us Tue, 01 Sep 2020 00:00:00 +0530 Sat, 24 Oct 2020 19:06:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400001 The Tribunal upheld the disallowance of personal expenses, road repairs and maintenance expenses, and professional fee due to lack of proper explanations and verification of business-related expenditures. The Tribunal considered the levy of interest under sections 234B and 234C of the Income Tax Act as consequential and mandatory. The appeal was partly allowed for statistical purposes, emphasizing the importance of providing adequate justification for claimed expenses and verifying expenditure authenticity in accordance with the law. Case-Laws Income Tax Tue, 01 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400001