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2012 (4) TMI 297 - HC - Income TaxDis-allowance u/s 36(1)(viii) - assessee claimed deduction on the ground that it had given loans and advances to various persons for construction of residential units - dis-allowance made on ground of insufficient evidences - Held that:- It is undisputed that assessee did not submit full details of the borrowers and their construction or acquisition of houses from the borrowed funds. It is not a case where large number of notices were issued and only three out of such noticees came forward suggesting that the fund was not utilized for such purpose. It was a case wherein on three random notices being issued, all the three borrowers declined to have used the funds either for construction or for purchase of the house. Tribunal rightly held that assessee was not able to discharge the onus cast upon it. No substantial question of law arises - Appeal dismissed.
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