https://www.taxtmi.com/caselaws?id=206117 The Tribunal upheld the disallowance of Rs. 19,97,988/- out of the total brokerage claim, affirming CIT(A)'s decision to allow only 20% of the brokerage expenses. Regarding the addition of Rs. 22,44,000/- on account of disallowance out of motor car hire charges, the Tribunal upheld the disallowance of Rs. 17,10,000/- out of the total car hire charges claimed, affirming CIT(A)'s decision as reasonable. The appeal of the assessee was dismissed, and the decisions of CIT(A) on both issues were upheld. en-us Thu, 23 Dec 2010 00:00:00 +0530 Wed, 12 Oct 2011 23:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206117 The Tribunal upheld the disallowance of Rs. 19,97,988/- out of the total brokerage claim, affirming CIT(A)'s decision to allow only 20% of the brokerage expenses. Regarding the addition of Rs. 22,44,000/- on account of disallowance out of motor car hire charges, the Tribunal upheld the disallowance of Rs. 17,10,000/- out of the total car hire charges claimed, affirming CIT(A)'s decision as reasonable. The appeal of the assessee was dismissed, and the decisions of CIT(A) on both issues were upheld. Case-Laws Income Tax Thu, 23 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206117