https://www.taxtmi.com/caselaws?id=463583 ITAT PUNE - AT upheld the CIT(A)'s addition for non-booking of road tax, rejecting the assessee's unsupported claim that the purchase price included road tax. The Tribunal directed the AO to verify the assessee's contention that a disputed liability was taxed in subsequent years and to avoid double addition if corroborated; the ground was otherwise allowed for statistical purposes. Disallowance under s.36(1)(iii) for interest on advances was deleted because equity capital exceeded advances and no material showed diversion of interest-bearing funds. Disallowance of interest and contract-payment expenses were also deleted for lack of evidence supporting ad hoc additions. en-us Fri, 25 Nov 2016 00:00:00 +0530 Mon, 08 Sep 2025 13:36:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463583 ITAT PUNE - AT upheld the CIT(A)'s addition for non-booking of road tax, rejecting the assessee's unsupported claim that the purchase price included road tax. The Tribunal directed the AO to verify the assessee's contention that a disputed liability was taxed in subsequent years and to avoid double addition if corroborated; the ground was otherwise allowed for statistical purposes. Disallowance under s.36(1)(iii) for interest on advances was deleted because equity capital exceeded advances and no material showed diversion of interest-bearing funds. Disallowance of interest and contract-payment expenses were also deleted for lack of evidence supporting ad hoc additions. Case-Laws Income Tax Fri, 25 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463583