https://www.taxtmi.com/caselaws?id=188963 The appeals filed by the Assessee were partly allowed for statistical purposes. The Tribunal ruled in favor of the assessee regarding the addition of gifts received by the minor son, as the gifts were nominal and properly accounted for. However, issues such as the disallowance of traveling expenses and non-allowance of certain statutory deductions were dismissed due to lack of substantial arguments. The Tribunal directed the re-evaluation of issues related to the confirmation of statutory deductions under section 24(a) and non-allowance of deductions under sections 24(b) and 24(a) by the Assessing Officer. The challenge against the invocation of provisions of section 263 was also dismissed. en-us Fri, 05 Sep 2014 00:00:00 +0530 Thu, 22 Dec 2016 10:41:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188963 The appeals filed by the Assessee were partly allowed for statistical purposes. The Tribunal ruled in favor of the assessee regarding the addition of gifts received by the minor son, as the gifts were nominal and properly accounted for. However, issues such as the disallowance of traveling expenses and non-allowance of certain statutory deductions were dismissed due to lack of substantial arguments. The Tribunal directed the re-evaluation of issues related to the confirmation of statutory deductions under section 24(a) and non-allowance of deductions under sections 24(b) and 24(a) by the Assessing Officer. The challenge against the invocation of provisions of section 263 was also dismissed. Case-Laws Income Tax Fri, 05 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188963