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2015 (10) TMI 1089 - HC - Income TaxDisallowance of claim of assessee of interest u/s.36(1)(iii) - Held that:- Tribunal had observed that though the Assessing Officer had specifically requested the assessee to file necessary evidence in support of the claim that the premises was used for the purpose of business, the assessee could not submit any evidence to prove that the said premises was used for its business purpose. We further find that on a specific query by the Tribunal the learned counsel had stated that he was unable to submit insurance policy against fire of the building and trade licence to show that the premises was used for business purpose. Therefore, as facts were dealt with in detail by the Tribunal and no cogent evidence could be adduced by the assessee in support of its claim, in view of judgment Tirupati Trading Co. (1999 (8) TMI 19 - CALCUTTA High Court), the order of the Tribunal requires no interference. - Decided against assessee.
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