https://www.taxtmi.com/caselaws?id=776840 ITAT HYDERABAD upheld the AO's refusal to admit additional evidence and sustained disallowance under s.40(a)(ia) and assessment under s.144 r.w.s.144B, finding the taxpayer failed to produce documents within statutorily adequate time and was negligent in not furnishing evidence to AO/Ld. CIT(A). The Tribunal held the onus to produce records lay with the taxpayer and imposed a cost of Rs.5,000 on account of that failure. en-us Tue, 07 Jan 2025 00:00:00 +0530 Wed, 20 Aug 2025 08:34:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776840 ITAT HYDERABAD upheld the AO's refusal to admit additional evidence and sustained disallowance under s.40(a)(ia) and assessment under s.144 r.w.s.144B, finding the taxpayer failed to produce documents within statutorily adequate time and was negligent in not furnishing evidence to AO/Ld. CIT(A). The Tribunal held the onus to produce records lay with the taxpayer and imposed a cost of Rs.5,000 on account of that failure. Case-Laws Income Tax Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776840