https://www.taxtmi.com/caselaws?id=352259 The Tribunal partially allowed the appeal of the assessee in a tax case involving disallowances and additions. The disallowance under Section 40(a)(ia) for non-deduction of TDS on interest payments was set aside for verification by the Assessing Officer. Disallowances for traveling expenses incurred for non-business purposes and low household withdrawals were upheld. Disallowances for credit card purchases were partially deleted, and a uniform policy for ad-hoc disallowance was recommended for discrepancies in the books of accounts. The Tribunal made adjustments based on evidence and legal provisions presented during the proceedings. en-us Mon, 04 Dec 2017 00:00:00 +0530 Mon, 11 Dec 2017 08:28:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352259 The Tribunal partially allowed the appeal of the assessee in a tax case involving disallowances and additions. The disallowance under Section 40(a)(ia) for non-deduction of TDS on interest payments was set aside for verification by the Assessing Officer. Disallowances for traveling expenses incurred for non-business purposes and low household withdrawals were upheld. Disallowances for credit card purchases were partially deleted, and a uniform policy for ad-hoc disallowance was recommended for discrepancies in the books of accounts. The Tribunal made adjustments based on evidence and legal provisions presented during the proceedings. Case-Laws Income Tax Mon, 04 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352259