https://www.taxtmi.com/caselaws?id=369914 The Tribunal confirmed adhoc disallowances of expenses by upholding the AO's estimation due to lack of evidence establishing a complete business connection. Regarding the disallowance of depreciation on motor cars, the Tribunal agreed in principle with the CIT(A) but remitted the issue back to the AO. The AO was instructed to consider ownership based on purchase cost, fuel expenditure, and other factors to determine depreciation eligibility, allowing the assessee an opportunity to establish ownership and business use. The Tribunal partially allowed the appeals, confirming adhoc disallowances while remitting the depreciation issue for further examination by the AO. en-us Thu, 01 Nov 2018 00:00:00 +0530 Mon, 05 Nov 2018 13:30:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369914 The Tribunal confirmed adhoc disallowances of expenses by upholding the AO's estimation due to lack of evidence establishing a complete business connection. Regarding the disallowance of depreciation on motor cars, the Tribunal agreed in principle with the CIT(A) but remitted the issue back to the AO. The AO was instructed to consider ownership based on purchase cost, fuel expenditure, and other factors to determine depreciation eligibility, allowing the assessee an opportunity to establish ownership and business use. The Tribunal partially allowed the appeals, confirming adhoc disallowances while remitting the depreciation issue for further examination by the AO. Case-Laws Income Tax Thu, 01 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369914