https://www.taxtmi.com/caselaws?id=67152 The Tribunal partly allowed the assessee's appeal by limiting the addition of notional interest on the partner's debit balance to Rs. 6,318, reducing the disallowance of miscellaneous expenses to Rs. 1,000, and dismissing the disallowance of depreciation on vehicles for personal use. The Tribunal also dismissed the Revenue's appeal regarding the addition under section 40A(3) of the Act, stating that no disallowance could be made unless a single payment exceeded Rs. 2,500. en-us Thu, 06 Apr 1995 00:00:00 +0530 Wed, 09 Mar 2011 12:50:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67152 The Tribunal partly allowed the assessee's appeal by limiting the addition of notional interest on the partner's debit balance to Rs. 6,318, reducing the disallowance of miscellaneous expenses to Rs. 1,000, and dismissing the disallowance of depreciation on vehicles for personal use. The Tribunal also dismissed the Revenue's appeal regarding the addition under section 40A(3) of the Act, stating that no disallowance could be made unless a single payment exceeded Rs. 2,500. Case-Laws Income Tax Thu, 06 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67152