https://www.taxtmi.com/caselaws?id=306410 The ITAT upheld the disallowance of interest on TDS payments and the addition of traveling and conveyance expenses. The appeal was dismissed, affirming the AO's decision. The disallowance of Rs.9,70,248 for interest on TDS payments was supported by the Act's provisions and case law, concluding that it did not qualify as a deductible business expenditure. Additionally, the adhoc disallowance of Rs.1,00,000 for traveling and conveyance expenses was upheld due to lack of verifiable evidence and potential personal nature of the expenses. The order was pronounced on 26/07/2022. en-us Tue, 26 Jul 2022 00:00:00 +0530 Fri, 27 Jan 2023 20:17:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306410 The ITAT upheld the disallowance of interest on TDS payments and the addition of traveling and conveyance expenses. The appeal was dismissed, affirming the AO's decision. The disallowance of Rs.9,70,248 for interest on TDS payments was supported by the Act's provisions and case law, concluding that it did not qualify as a deductible business expenditure. Additionally, the adhoc disallowance of Rs.1,00,000 for traveling and conveyance expenses was upheld due to lack of verifiable evidence and potential personal nature of the expenses. The order was pronounced on 26/07/2022. Case-Laws Income Tax Tue, 26 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306410