https://www.taxtmi.com/caselaws?id=347126 The appeal was partly allowed. The disallowance of interest expense was remanded back to the Assessing Officer for fresh adjudication with specific directions to verify the facts. The disallowance of vehicle expenses was reduced from 20% to 10%, considering the statutory nature of depreciation and the lack of supporting evidence for the claimed expenses. en-us Fri, 11 Aug 2017 00:00:00 +0530 Mon, 28 Aug 2017 20:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347126 The appeal was partly allowed. The disallowance of interest expense was remanded back to the Assessing Officer for fresh adjudication with specific directions to verify the facts. The disallowance of vehicle expenses was reduced from 20% to 10%, considering the statutory nature of depreciation and the lack of supporting evidence for the claimed expenses. Case-Laws Income Tax Fri, 11 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347126