https://www.taxtmi.com/caselaws?id=64614 The Tribunal dismissed ITA No. 2683 and partially allowed C.O. 97, modifying the assessment by reducing the disallowances of car expenses and depreciation on the jeep. The Tribunal found the ITO's addition to trading profit baseless, considering the change in business, and deleted the unsupported Rs. 5,000 addition. Disallowances of car expenses and depreciation were reduced based on the business use of an old jeep. The objection to the disallowance of Rs. 500 out of short recoveries was rejected. en-us Wed, 06 Aug 1975 00:00:00 +0530 Wed, 09 Feb 2011 10:16:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64614 The Tribunal dismissed ITA No. 2683 and partially allowed C.O. 97, modifying the assessment by reducing the disallowances of car expenses and depreciation on the jeep. The Tribunal found the ITO's addition to trading profit baseless, considering the change in business, and deleted the unsupported Rs. 5,000 addition. Disallowances of car expenses and depreciation were reduced based on the business use of an old jeep. The objection to the disallowance of Rs. 500 out of short recoveries was rejected. Case-Laws Income Tax Wed, 06 Aug 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64614