https://www.taxtmi.com/caselaws?id=270693 The Tribunal partly allowed the appeal, emphasizing procedural fairness and the requirement for sufficient evidence to support claims. Specific directions were given for re-adjudication on various issues, including the enhancement of disallowance under Section 40(a)(ia) of the Income-tax Act without proper notice. The Tribunal reduced ad hoc disallowances of vehicle running expenses and repair and maintenance expenses, while upholding the notional disallowance of interest on borrowed funds and the treatment of the sale of agricultural land as non-agricultural. The non-allowance of brought forward loss was not independently adjudicated. en-us Tue, 03 Nov 2015 00:00:00 +0530 Wed, 13 Jan 2016 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270693 The Tribunal partly allowed the appeal, emphasizing procedural fairness and the requirement for sufficient evidence to support claims. Specific directions were given for re-adjudication on various issues, including the enhancement of disallowance under Section 40(a)(ia) of the Income-tax Act without proper notice. The Tribunal reduced ad hoc disallowances of vehicle running expenses and repair and maintenance expenses, while upholding the notional disallowance of interest on borrowed funds and the treatment of the sale of agricultural land as non-agricultural. The non-allowance of brought forward loss was not independently adjudicated. Case-Laws Income Tax Tue, 03 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270693