https://www.taxtmi.com/caselaws?id=336223 In the case, the Tribunal partly allowed the assessee's appeals for Assessment Years 2011-12 and 2012-13. The disallowance of expenses for personal use and addition on account of low drawings were upheld, as the Tribunal found them justified based on lack of evidence and factual circumstances. However, the claim for a fresh deduction in the return for timely payments was allowed for Assessment Year 2011-12, citing legal precedents supporting deductions for payments made before the return filing due date. For Assessment Year 2012-13, the disallowance of expenses for personal use was upheld, but a fresh deduction claim for late EPF payment was allowed. en-us Fri, 16 Dec 2016 00:00:00 +0530 Sat, 17 Dec 2016 18:34:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336223 In the case, the Tribunal partly allowed the assessee's appeals for Assessment Years 2011-12 and 2012-13. The disallowance of expenses for personal use and addition on account of low drawings were upheld, as the Tribunal found them justified based on lack of evidence and factual circumstances. However, the claim for a fresh deduction in the return for timely payments was allowed for Assessment Year 2011-12, citing legal precedents supporting deductions for payments made before the return filing due date. For Assessment Year 2012-13, the disallowance of expenses for personal use was upheld, but a fresh deduction claim for late EPF payment was allowed. Case-Laws Income Tax Fri, 16 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336223