https://www.taxtmi.com/caselaws?id=327001 Section 14A disallowance depends on the existence of exempt income, and where the record does not clearly establish such income, factual verification by the Assessing Officer is required. Opening stock additions may also need reassessment to ensure the same difference is not taxed twice. On the evidence recorded, partial disallowance of unsupported site and medical expenses was sustained as a reasonable estimate, depreciation on the disputed property was denied for want of proof of business use, and the capital gains computation on sale of land and building was upheld on a reasonable apportionment basis. en-us Thu, 18 Feb 2016 00:00:00 +0530 Sat, 30 Apr 2016 11:21:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327001 Section 14A disallowance depends on the existence of exempt income, and where the record does not clearly establish such income, factual verification by the Assessing Officer is required. Opening stock additions may also need reassessment to ensure the same difference is not taxed twice. On the evidence recorded, partial disallowance of unsupported site and medical expenses was sustained as a reasonable estimate, depreciation on the disputed property was denied for want of proof of business use, and the capital gains computation on sale of land and building was upheld on a reasonable apportionment basis. Case-Laws Income Tax Thu, 18 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327001