https://www.taxtmi.com/caselaws?id=220320 The appeal was dismissed regarding the disallowance of loss on the sale of a car, as the imported car was not considered part of the block of assets for depreciation purposes. However, the disallowance of interest claimed under various sections of the Income Tax Act was partly allowed for statistical purposes. The Tribunal directed the Assessing Officer to re-examine the disallowance of interest and instructed the assessee to provide evidence to support their claim. en-us Fri, 07 Dec 2012 00:00:00 +0530 Mon, 21 Jan 2013 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220320 The appeal was dismissed regarding the disallowance of loss on the sale of a car, as the imported car was not considered part of the block of assets for depreciation purposes. However, the disallowance of interest claimed under various sections of the Income Tax Act was partly allowed for statistical purposes. The Tribunal directed the Assessing Officer to re-examine the disallowance of interest and instructed the assessee to provide evidence to support their claim. Case-Laws Income Tax Fri, 07 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220320