https://www.taxtmi.com/caselaws?id=261194 The Tribunal upheld the CIT(A)'s decision in a tax case involving issues such as addition under Section 69A, disallowance of luxury bus expenses, and confirmation of non-business expenses. The Tribunal found the Assessee acted as a courier, reducing luxury bus expense disallowance by 50%, and confirming non-business expenses due to lack of evidence. The legality of the assessment order and levy of interest were also upheld. Both Revenue and Assessee appeals were dismissed, along with the Assessee's Cross Objection, affirming the CIT(A)'s order in its entirety. en-us Thu, 25 Jun 2015 00:00:00 +0530 Mon, 06 Jul 2015 08:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261194 The Tribunal upheld the CIT(A)'s decision in a tax case involving issues such as addition under Section 69A, disallowance of luxury bus expenses, and confirmation of non-business expenses. The Tribunal found the Assessee acted as a courier, reducing luxury bus expense disallowance by 50%, and confirming non-business expenses due to lack of evidence. The legality of the assessment order and levy of interest were also upheld. Both Revenue and Assessee appeals were dismissed, along with the Assessee's Cross Objection, affirming the CIT(A)'s order in its entirety. Case-Laws Income Tax Thu, 25 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261194