https://www.taxtmi.com/caselaws?id=186337 The Tribunal partly allowed the appeal, ruling in favor of the assessee regarding advances from debtors. The Tribunal held that credits introduced in earlier years cannot be assessed as income under sec. 68 for the current assessment year. However, the Tribunal upheld the CIT(A)'s decision to disallow 10% of motor car and telephone expenses due to potential personal use, stating that without specific details on usage, the disallowance was justified for an individual assessee. en-us Fri, 30 Sep 2011 00:00:00 +0530 Wed, 14 Sep 2016 17:33:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186337 The Tribunal partly allowed the appeal, ruling in favor of the assessee regarding advances from debtors. The Tribunal held that credits introduced in earlier years cannot be assessed as income under sec. 68 for the current assessment year. However, the Tribunal upheld the CIT(A)'s decision to disallow 10% of motor car and telephone expenses due to potential personal use, stating that without specific details on usage, the disallowance was justified for an individual assessee. Case-Laws Income Tax Fri, 30 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186337