https://www.taxtmi.com/caselaws?id=407542 The Appellate Tribunal granted the assessee one final opportunity to submit complete details regarding advances before confirming the assessment under section 144. The delay in filing the appeal was condoned, and the appeal was admitted for adjudication. The Tribunal upheld the best judgment assessment under section 144 due to non-compliance by the assessee and disallowed the interest payment claimed as revenue expenditure. The appeal was allowed for statistical purposes, emphasizing the importance of providing necessary evidence to support claims. en-us Fri, 19 Feb 2021 00:00:00 +0530 Fri, 14 May 2021 08:32:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407542 The Appellate Tribunal granted the assessee one final opportunity to submit complete details regarding advances before confirming the assessment under section 144. The delay in filing the appeal was condoned, and the appeal was admitted for adjudication. The Tribunal upheld the best judgment assessment under section 144 due to non-compliance by the assessee and disallowed the interest payment claimed as revenue expenditure. The appeal was allowed for statistical purposes, emphasizing the importance of providing necessary evidence to support claims. Case-Laws Income Tax Fri, 19 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407542