https://www.taxtmi.com/caselaws?id=251323 The Tribunal partly allowed the appeal for statistical purposes. It set aside the issues of bad debts and related interest disallowance for a denovo examination by the CIT(A), emphasizing the need to establish the lending in the ordinary course of business. Disallowances of vehicle expenses, depreciation on the car, and traveling expenses were upheld due to personal elements and lack of supporting evidence. en-us Tue, 15 Apr 2014 00:00:00 +0530 Thu, 11 Sep 2014 07:43:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251323 The Tribunal partly allowed the appeal for statistical purposes. It set aside the issues of bad debts and related interest disallowance for a denovo examination by the CIT(A), emphasizing the need to establish the lending in the ordinary course of business. Disallowances of vehicle expenses, depreciation on the car, and traveling expenses were upheld due to personal elements and lack of supporting evidence. Case-Laws Income Tax Tue, 15 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251323