https://www.taxtmi.com/caselaws?id=342377 The appeals by the assessee for the assessment years 2008-09 to 2011-12 were partly allowed for statistical purposes, while the appeals by the revenue were dismissed. The Tribunal upheld disallowances of various expenditures due to lack of supporting documents, disallowed depreciation and interest on a car loan, and additions towards negative cash balance. The Tribunal directed verification of certain expenses and consideration of peak negative cash balance for addition purposes. The order was pronounced on 28th April 2017. en-us Fri, 28 Apr 2017 00:00:00 +0530 Wed, 03 May 2017 08:06:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342377 The appeals by the assessee for the assessment years 2008-09 to 2011-12 were partly allowed for statistical purposes, while the appeals by the revenue were dismissed. The Tribunal upheld disallowances of various expenditures due to lack of supporting documents, disallowed depreciation and interest on a car loan, and additions towards negative cash balance. The Tribunal directed verification of certain expenses and consideration of peak negative cash balance for addition purposes. The order was pronounced on 28th April 2017. Case-Laws Income Tax Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342377