2014 (6) TMI 409

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....C. S. C., It ORDER   The appeal by the assessee under Section 260A of the Income Tax Act, 1961 arises from a judgment of the Income Tax Appellate Tribunal dated 23 December 2013. The assessment year to which the appeal relates is AY 2006-07. Though several grounds have been raised in the appeal, the following two grounds have been pressed: "(i) Whether on a true and correct interpretation....

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....774.00 inclusive of a disallowance of Rs.87,285.00 out of interest expenditure and the balance of Rs.36,73,516.00 on account of administrative expenses. The Tribunal held that the disallowance on account of interest expenditure was not sustainable but restored the disallowance in respect of the balance to the Assessing Officer. The Tribunal observed that the burden is on the assessee to submit the....

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....he assessee had paid commission to nine individuals. As the Tribunal observed, no details regarding the services rendered were filed by the assessee nor was any confirmation in respect of the commission filed. The Assessing officer made the disallowance holding that in the absence of details regarding these items of petty commission paid by the assessee, it was unverifiable and was liable to be di....