https://www.taxtmi.com/caselaws?id=417240 The Tribunal upheld the CIT(A)'s decision on various issues, including disallowance of interest on loans to sister concerns, labor charges, blasting charges, and negative stock of coal. The Tribunal emphasized proper verification and adherence to legal principles, rejecting arbitrary disallowances by the AO and remanding matters for further examination. The decision highlighted the importance of distinguishing between own funds and borrowed funds and ensuring the genuineness of business expenses. en-us Tue, 14 Dec 2021 00:00:00 +0530 Tue, 18 Jan 2022 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417240 The Tribunal upheld the CIT(A)'s decision on various issues, including disallowance of interest on loans to sister concerns, labor charges, blasting charges, and negative stock of coal. The Tribunal emphasized proper verification and adherence to legal principles, rejecting arbitrary disallowances by the AO and remanding matters for further examination. The decision highlighted the importance of distinguishing between own funds and borrowed funds and ensuring the genuineness of business expenses. Case-Laws Income Tax Tue, 14 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417240