https://www.taxtmi.com/caselaws?id=61665 The ITAT allowed both appeals with specific adjustments and directions for re-examination on certain issues, emphasizing the need for reasonable justifications and explanations in assessing income and expenses. The CIT(A)'s reductions in room rent and kitchen income additions were found lacking a reasonable basis, leading to orders for re-examination. The rejection of books of account under section 145 of the Act was upheld, stressing the importance of providing plausible explanations for discrepancies. Disallowances of general, charity, and entertainment expenses were upheld, while the disallowance of van expenses was deemed reasonable due to potential personal use. en-us Fri, 24 Jan 2003 00:00:00 +0530 Thu, 13 Jan 2011 17:58:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61665 The ITAT allowed both appeals with specific adjustments and directions for re-examination on certain issues, emphasizing the need for reasonable justifications and explanations in assessing income and expenses. The CIT(A)'s reductions in room rent and kitchen income additions were found lacking a reasonable basis, leading to orders for re-examination. The rejection of books of account under section 145 of the Act was upheld, stressing the importance of providing plausible explanations for discrepancies. Disallowances of general, charity, and entertainment expenses were upheld, while the disallowance of van expenses was deemed reasonable due to potential personal use. Case-Laws Income Tax Fri, 24 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61665