https://www.taxtmi.com/caselaws?id=386360 The Appellate Tribunal ITAT CHENNAI partly allowed the appeal for the assessment year 2013-14 and dismissed the appeal for 2014-15. The disallowances of depreciation, interest on the car loan, and maintenance expenses for the BMW car were upheld. The issue of proportionate interest on related party loans was remitted back to the AO for further examination. en-us Wed, 31 Jul 2019 00:00:00 +0530 Fri, 27 Sep 2019 06:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386360 The Appellate Tribunal ITAT CHENNAI partly allowed the appeal for the assessment year 2013-14 and dismissed the appeal for 2014-15. The disallowances of depreciation, interest on the car loan, and maintenance expenses for the BMW car were upheld. The issue of proportionate interest on related party loans was remitted back to the AO for further examination. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386360