https://www.taxtmi.com/caselaws?id=64953 The Tribunal partly allowed the assessee's appeal and dismissed the departmental appeal. It upheld the assessability of Rs. 4,70,964 as business income, justified the disallowance of 25% of car expenses, depreciation on car, and telephone expenses. The deduction for minimum power charges was allowed, and the issue of depreciation on the building was remitted back to the CIT (Appeals). Additionally, the allowance of rent was upheld. en-us Mon, 18 Mar 1991 00:00:00 +0530 Fri, 11 Feb 2011 13:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64953 The Tribunal partly allowed the assessee's appeal and dismissed the departmental appeal. It upheld the assessability of Rs. 4,70,964 as business income, justified the disallowance of 25% of car expenses, depreciation on car, and telephone expenses. The deduction for minimum power charges was allowed, and the issue of depreciation on the building was remitted back to the CIT (Appeals). Additionally, the allowance of rent was upheld. Case-Laws Income Tax Mon, 18 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64953