https://www.taxtmi.com/caselaws?id=256168 The Tribunal ruled in favor of the assessee on various grounds, including excluding notional interest from ALV computation, allowing deduction of maintenance expenses, and permitting lease rentals. The AO was directed to recalculate profits under Section 145A. The penalty under Section 271(1)(c) was deemed unsustainable due to relief granted in the quantum appeal. The Revenue's appeal was dismissed, and the assessee's appeals were partially allowed for statistical purposes. en-us Fri, 30 Jan 2015 00:00:00 +0530 Wed, 04 Feb 2015 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256168 The Tribunal ruled in favor of the assessee on various grounds, including excluding notional interest from ALV computation, allowing deduction of maintenance expenses, and permitting lease rentals. The AO was directed to recalculate profits under Section 145A. The penalty under Section 271(1)(c) was deemed unsustainable due to relief granted in the quantum appeal. The Revenue's appeal was dismissed, and the assessee's appeals were partially allowed for statistical purposes. Case-Laws Income Tax Fri, 30 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256168