https://www.taxtmi.com/caselaws?id=210679 The ITAT upheld the disallowance of car loan interest, insurance, and taxes for personal use, emphasizing the need to apportion expenses. It reduced ad-hoc disallowance for incomplete bills, upheld the enhancement of rental income, and declined to interfere with a new claim for deduction from professional fee receipts. The ITAT stressed proper documentation, fair market value, and adherence to legal procedures in tax matters, partially allowing the appeal for the assessment year 2004-05 and dismissing other appeals. en-us Fri, 06 Jan 2012 00:00:00 +0530 Fri, 17 Feb 2012 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210679 The ITAT upheld the disallowance of car loan interest, insurance, and taxes for personal use, emphasizing the need to apportion expenses. It reduced ad-hoc disallowance for incomplete bills, upheld the enhancement of rental income, and declined to interfere with a new claim for deduction from professional fee receipts. The ITAT stressed proper documentation, fair market value, and adherence to legal procedures in tax matters, partially allowing the appeal for the assessment year 2004-05 and dismissing other appeals. Case-Laws Income Tax Fri, 06 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210679