https://www.taxtmi.com/caselaws?id=367354 The tribunal partially allowed the appeal for the assessment year 2010-11, dismissed the appeal for 2011-12, and partially allowed the appeal for 2012-13. The additions made by the AO regarding the KCC amount and disallowance of depreciation on the Sumo car were deemed unjustified and deleted. However, the addition of gifts received under section 68 was upheld as the assessee failed to provide evidence supporting the claim. The tribunal's judgment was pronounced on 14/09/2018. en-us Fri, 14 Sep 2018 00:00:00 +0530 Wed, 19 Sep 2018 07:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367354 The tribunal partially allowed the appeal for the assessment year 2010-11, dismissed the appeal for 2011-12, and partially allowed the appeal for 2012-13. The additions made by the AO regarding the KCC amount and disallowance of depreciation on the Sumo car were deemed unjustified and deleted. However, the addition of gifts received under section 68 was upheld as the assessee failed to provide evidence supporting the claim. The tribunal's judgment was pronounced on 14/09/2018. Case-Laws Income Tax Fri, 14 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367354