https://www.taxtmi.com/caselaws?id=188683 The ITAT partially allowed the appeal, directing the A.O. to recompute income from tanker running and interest deductions based on the specific circumstances of each issue. The disallowance of expenses under the "tanker running" head was upheld due to lack of verifiable vouchers. However, the disallowance of interest under sections 40(a)(ia) and 24(b) was overturned, emphasizing compliance with relevant tax provisions exempting TDS and reevaluation of interest deduction based on property occupancy and loan utilization. en-us Fri, 10 Jun 2011 00:00:00 +0530 Mon, 12 Dec 2016 16:58:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188683 The ITAT partially allowed the appeal, directing the A.O. to recompute income from tanker running and interest deductions based on the specific circumstances of each issue. The disallowance of expenses under the "tanker running" head was upheld due to lack of verifiable vouchers. However, the disallowance of interest under sections 40(a)(ia) and 24(b) was overturned, emphasizing compliance with relevant tax provisions exempting TDS and reevaluation of interest deduction based on property occupancy and loan utilization. Case-Laws Income Tax Fri, 10 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188683