https://www.taxtmi.com/caselaws?id=67017 Uncontroverted explanations for a nominal gross-profit variation in tyre trading supported deletion of the related trading addition. Motor-car depreciation and bank-interest disallowances were treated as excessive on the facts, with the allowable claim increased to one-third. Business-only use of the scooter was accepted as reasonable in light of the business nature, resulting in full allowance of scooter depreciation and expenses. Shop-expense disallowance was also reduced as excessive. The governing principle is that additions and disallowances may be deleted, reduced, or fully allowed where the taxpayer's explanation remains unchallenged and the evidence justifies relief. en-us Sat, 28 Nov 1981 00:00:00 +0530 Tue, 08 Mar 2011 17:37:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67017 Uncontroverted explanations for a nominal gross-profit variation in tyre trading supported deletion of the related trading addition. Motor-car depreciation and bank-interest disallowances were treated as excessive on the facts, with the allowable claim increased to one-third. Business-only use of the scooter was accepted as reasonable in light of the business nature, resulting in full allowance of scooter depreciation and expenses. Shop-expense disallowance was also reduced as excessive. The governing principle is that additions and disallowances may be deleted, reduced, or fully allowed where the taxpayer's explanation remains unchallenged and the evidence justifies relief. Case-Laws Income Tax Sat, 28 Nov 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67017