https://www.taxtmi.com/caselaws?id=192744 The appeals filed by the assessee were partly allowed. The challenges against the validity of the assessment order under section 153A of the Income Tax Act were dismissed. However, the disallowances of salary/remuneration to partners were deleted based on precedents. The disallowance of car expenses was upheld as they were not exclusively for business purposes. Additionally, the disallowance of interest was sustained due to diverted business funds. Overall, decisions varied on different grounds, resulting in a partial allowance of the appeals. en-us Fri, 28 Jun 2013 00:00:00 +0530 Fri, 16 Jun 2017 15:40:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192744 The appeals filed by the assessee were partly allowed. The challenges against the validity of the assessment order under section 153A of the Income Tax Act were dismissed. However, the disallowances of salary/remuneration to partners were deleted based on precedents. The disallowance of car expenses was upheld as they were not exclusively for business purposes. Additionally, the disallowance of interest was sustained due to diverted business funds. Overall, decisions varied on different grounds, resulting in a partial allowance of the appeals. Case-Laws Income Tax Fri, 28 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192744