https://www.taxtmi.com/caselaws?id=783311 ITAT Pune partly allowed the assessee's appeal. Disallowance of interest on housing loan under s.24(b) and deduction of principal repayment under s.80C was upheld as the assessee failed to produce a bank certificate or loan sanction letter proving existence and nature of a housing loan. Disallowances on sales promotion, travelling expenses, accounting charges, consultancy charges, and bonus/ex gratia were confirmed for lack of satisfactory evidence and failure to prove that expenditures were incurred wholly and exclusively for business. The addition of capital introduction treated as income from other sources was also sustained. However, disallowances of consultancy charges, GST payable under s.43B, and unsecured loans u/s 68 were set aside to the AO for denovo adjudication and verification. en-us Mon, 08 Dec 2025 00:00:00 +0530 Sat, 13 Dec 2025 08:28:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783311 ITAT Pune partly allowed the assessee's appeal. Disallowance of interest on housing loan under s.24(b) and deduction of principal repayment under s.80C was upheld as the assessee failed to produce a bank certificate or loan sanction letter proving existence and nature of a housing loan. Disallowances on sales promotion, travelling expenses, accounting charges, consultancy charges, and bonus/ex gratia were confirmed for lack of satisfactory evidence and failure to prove that expenditures were incurred wholly and exclusively for business. The addition of capital introduction treated as income from other sources was also sustained. However, disallowances of consultancy charges, GST payable under s.43B, and unsecured loans u/s 68 were set aside to the AO for denovo adjudication and verification. Case-Laws Income Tax Mon, 08 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783311