https://www.taxtmi.com/caselaws?id=64723 The Tribunal partly allowed the appeal by deleting the trading addition of Rs. 20,600 to the assessee's income for the assessment year 1983-84. The Tribunal found that the Income Tax Officer lacked evidence to support the profit estimation and noted genuine reasons for selling goods at cost on dissolution. However, the disallowances of car expenses and car depreciation were upheld due to the possibility of personal use of the car by partners. en-us Fri, 15 Nov 1991 00:00:00 +0530 Wed, 09 Feb 2011 15:07:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64723 The Tribunal partly allowed the appeal by deleting the trading addition of Rs. 20,600 to the assessee's income for the assessment year 1983-84. The Tribunal found that the Income Tax Officer lacked evidence to support the profit estimation and noted genuine reasons for selling goods at cost on dissolution. However, the disallowances of car expenses and car depreciation were upheld due to the possibility of personal use of the car by partners. Case-Laws Income Tax Fri, 15 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64723