https://www.taxtmi.com/caselaws?id=68597 The Tribunal held that no addition can be made based on presumptions and accepted the claim of the assessee in full regarding the reduction of loss disallowance. The Department's challenge on the disallowance of car expenses was dismissed as the ground became infructuous. The disallowance of expenditure on a hired car was partly allowed due to lack of proper evidence. The issue of charging interest under section 234B was addressed, with the Department's appeal being dismissed and the assessee's appeal partly allowed. en-us Wed, 06 Apr 2005 00:00:00 +0530 Wed, 18 Jul 2012 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68597 The Tribunal held that no addition can be made based on presumptions and accepted the claim of the assessee in full regarding the reduction of loss disallowance. The Department's challenge on the disallowance of car expenses was dismissed as the ground became infructuous. The disallowance of expenditure on a hired car was partly allowed due to lack of proper evidence. The issue of charging interest under section 234B was addressed, with the Department's appeal being dismissed and the assessee's appeal partly allowed. Case-Laws Income Tax Wed, 06 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68597