https://www.taxtmi.com/caselaws?id=342173 The Tribunal partially allowed the appeal, modifying the disallowances under sections 37(1), 57(iii), and 14A of the Income-tax Act, 1961. The disallowances were adjusted based on the appellant's arguments and legal provisions. The Tribunal upheld some disallowances but restricted others, considering personal use and income sources. The judgment provided detailed reasoning for each issue raised, with adjustments made to expenses like car depreciation and interest expenditure on loans. Ms. Sushma Chowla, JM, pronounced the order on 20th April 2017. en-us Thu, 20 Apr 2017 00:00:00 +0530 Wed, 26 Apr 2017 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342173 The Tribunal partially allowed the appeal, modifying the disallowances under sections 37(1), 57(iii), and 14A of the Income-tax Act, 1961. The disallowances were adjusted based on the appellant's arguments and legal provisions. The Tribunal upheld some disallowances but restricted others, considering personal use and income sources. The judgment provided detailed reasoning for each issue raised, with adjustments made to expenses like car depreciation and interest expenditure on loans. Ms. Sushma Chowla, JM, pronounced the order on 20th April 2017. Case-Laws Income Tax Thu, 20 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342173