https://www.taxtmi.com/caselaws?id=186054 The Tribunal partially allowed the appeal, deleting additions of Rs. 10,60,000 and Rs. 3,00,000 for unexplained cash credits and credit from Smt. Chanchal Lamba, respectively, and removing the disallowance of Rs. 1,00,000 for various expenses. It upheld the disallowance of 1/10th of telephone and car expenses due to personal use but deleted the disallowance of car depreciation, finding insufficient grounds for denying depreciation based on personal use. en-us Fri, 11 Jul 2008 00:00:00 +0530 Sun, 10 Dec 2023 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186054 The Tribunal partially allowed the appeal, deleting additions of Rs. 10,60,000 and Rs. 3,00,000 for unexplained cash credits and credit from Smt. Chanchal Lamba, respectively, and removing the disallowance of Rs. 1,00,000 for various expenses. It upheld the disallowance of 1/10th of telephone and car expenses due to personal use but deleted the disallowance of car depreciation, finding insufficient grounds for denying depreciation based on personal use. Case-Laws Income Tax Fri, 11 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186054