https://www.taxtmi.com/caselaws?id=61663 The Tribunal upheld the disallowances made by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals) on all three issues raised by the assessee: disallowance of depreciation on a jeep due to lack of evidence for exclusive business use, disallowance of expenses on freight and wages for lack of proof of genuineness, and disallowance of interest paid by the assessee for failure to establish the business purpose of the advance and diversion of interest-bearing funds for non-business purposes. en-us Mon, 13 Sep 2004 00:00:00 +0530 Thu, 13 Jan 2011 17:55:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61663 The Tribunal upheld the disallowances made by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals) on all three issues raised by the assessee: disallowance of depreciation on a jeep due to lack of evidence for exclusive business use, disallowance of expenses on freight and wages for lack of proof of genuineness, and disallowance of interest paid by the assessee for failure to establish the business purpose of the advance and diversion of interest-bearing funds for non-business purposes. Case-Laws Income Tax Mon, 13 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61663