https://www.taxtmi.com/caselaws?id=437310 The appeal by the assessee was partially allowed regarding the disallowance under section 40(a)(ia) of the Income Tax Act, with the addition on transport expenses being upheld due to insufficient evidence. The disallowance of machinery salary expenses was reduced from 20% to 10% by the Ld. CIT(A) and upheld by the Tribunal. The disallowance of interest expenses under Section 57 was confirmed, as the assessee failed to provide necessary certificates and establish a connection between interest income and expenses. en-us Fri, 28 Apr 2023 00:00:00 +0530 Wed, 03 May 2023 09:00:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437310 The appeal by the assessee was partially allowed regarding the disallowance under section 40(a)(ia) of the Income Tax Act, with the addition on transport expenses being upheld due to insufficient evidence. The disallowance of machinery salary expenses was reduced from 20% to 10% by the Ld. CIT(A) and upheld by the Tribunal. The disallowance of interest expenses under Section 57 was confirmed, as the assessee failed to provide necessary certificates and establish a connection between interest income and expenses. Case-Laws Income Tax Fri, 28 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437310