https://www.taxtmi.com/caselaws?id=218088 The Tribunal partially allowed the appeal, adjusting disallowances and deleting additions. The disallowance of car and telephone expenses for personal use was reduced to 1/10th, local conveyance, entertainment, staff welfare, and packing material expenses disallowance upheld, interest on a loan and excess interest payment addition deleted due to reasonable payments, and interest under section 234D not pressed and deemed consequential. The Tribunal's decision was based on the specific circumstances and evidence presented, resulting in modifications to the original assessments. en-us Tue, 10 Jul 2012 00:00:00 +0530 Sat, 03 Nov 2012 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218088 The Tribunal partially allowed the appeal, adjusting disallowances and deleting additions. The disallowance of car and telephone expenses for personal use was reduced to 1/10th, local conveyance, entertainment, staff welfare, and packing material expenses disallowance upheld, interest on a loan and excess interest payment addition deleted due to reasonable payments, and interest under section 234D not pressed and deemed consequential. The Tribunal's decision was based on the specific circumstances and evidence presented, resulting in modifications to the original assessments. Case-Laws Income Tax Tue, 10 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218088