https://www.taxtmi.com/caselaws?id=786223 Proportionate interest claimed by a firm was disallowed because advances for property bookings and alleged interest free loans lacked documentary proof linking them to business use; bank statements were not filed and the lower authorities' finding that funds were diverted was sustained. An addition under unexplained credits was upheld where the assessee failed to establish the identity and creditworthiness of a creditor despite submission of confirmations and bank details. Remuneration paid to partners was disallowed as exceeding permissible partnership remuneration under applicable tax provisions, so the supplementary deed and cited authorities were rejected. en-us Fri, 06 Feb 2026 00:00:00 +0530 Mon, 09 Feb 2026 09:19:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786223 Proportionate interest claimed by a firm was disallowed because advances for property bookings and alleged interest free loans lacked documentary proof linking them to business use; bank statements were not filed and the lower authorities' finding that funds were diverted was sustained. An addition under unexplained credits was upheld where the assessee failed to establish the identity and creditworthiness of a creditor despite submission of confirmations and bank details. Remuneration paid to partners was disallowed as exceeding permissible partnership remuneration under applicable tax provisions, so the supplementary deed and cited authorities were rejected. Case-Laws Income Tax Fri, 06 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786223