https://www.taxtmi.com/caselaws?id=422747 The Tribunal partly allowed the appeal concerning the disallowance of construction costs amounting to Rs.29.34 Lacs for the Assessment Year 2011-12. While acknowledging the challenges faced by the appellant in proving fund utilization, the Tribunal reduced the disallowance from 30% to 10% to align with the factual matrix. Emphasizing the need for substantiated evidence, the decision aimed to strike a balance between acknowledging complexities and ensuring fair assessment based on credible evidence, highlighting the importance of thorough verification in assessing construction costs and internal family arrangements. en-us Wed, 18 May 2022 00:00:00 +0530 Fri, 20 May 2022 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422747 The Tribunal partly allowed the appeal concerning the disallowance of construction costs amounting to Rs.29.34 Lacs for the Assessment Year 2011-12. While acknowledging the challenges faced by the appellant in proving fund utilization, the Tribunal reduced the disallowance from 30% to 10% to align with the factual matrix. Emphasizing the need for substantiated evidence, the decision aimed to strike a balance between acknowledging complexities and ensuring fair assessment based on credible evidence, highlighting the importance of thorough verification in assessing construction costs and internal family arrangements. Case-Laws Income Tax Wed, 18 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422747