https://www.taxtmi.com/caselaws?id=409310 The Tribunal partly allowed the appeals, confirming disallowances of export commission and under section 40(a)(i) due to lack of evidence. However, disallowances under section 36(1)(iii) for interest on capital advances were deleted as the assessee's own funds and interest-free loans covered the advances. Penalty proceedings under section 271(1)(c) and interest charges under sections 234A, 234B, 234C, and 234D were not discussed in detail. For the subsequent year, similar disallowances were confirmed, with the Tribunal dismissing the appeal due to insufficient evidence admitted. en-us Mon, 28 Jun 2021 00:00:00 +0530 Mon, 05 Jul 2021 08:26:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409310 The Tribunal partly allowed the appeals, confirming disallowances of export commission and under section 40(a)(i) due to lack of evidence. However, disallowances under section 36(1)(iii) for interest on capital advances were deleted as the assessee's own funds and interest-free loans covered the advances. Penalty proceedings under section 271(1)(c) and interest charges under sections 234A, 234B, 234C, and 234D were not discussed in detail. For the subsequent year, similar disallowances were confirmed, with the Tribunal dismissing the appeal due to insufficient evidence admitted. Case-Laws Income Tax Mon, 28 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409310