https://www.taxtmi.com/caselaws?id=295270 The Tribunal partly allowed the appeal, providing relief on certain issues while upholding decisions on others. The Assessing Officer's various additions were confirmed, with partial relief granted for short term borrowings. The matter regarding short term borrowings was remitted back to the Assessing Officer for further examination. The disallowance of finance cost and other expenses was also addressed, with instructions for verification and decision based on merit. Ultimately, the Tribunal upheld some disallowances due to lack of supporting evidence. en-us Fri, 26 Apr 2019 00:00:00 +0530 Thu, 27 May 2021 08:33:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295270 The Tribunal partly allowed the appeal, providing relief on certain issues while upholding decisions on others. The Assessing Officer's various additions were confirmed, with partial relief granted for short term borrowings. The matter regarding short term borrowings was remitted back to the Assessing Officer for further examination. The disallowance of finance cost and other expenses was also addressed, with instructions for verification and decision based on merit. Ultimately, the Tribunal upheld some disallowances due to lack of supporting evidence. Case-Laws Income Tax Fri, 26 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295270