https://www.taxtmi.com/caselaws?id=409296 The Tribunal partly allowed the appeal, providing relief on some disallowances and additions while upholding others. The decision balanced the need for accurate tax reporting with fairness in the assessment process. The disallowance of vehicle repair expenses due to unreported insurance claim was upheld, while the addition of outstanding creditors was partly sustained. The disallowance of 20% of various vehicle expenses was reduced, and the breach of natural justice principles was not specifically addressed. The levying of interest and initiation of penalty proceedings were upheld without specific challenge. en-us Wed, 23 Jun 2021 00:00:00 +0530 Mon, 05 Jul 2021 08:25:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409296 The Tribunal partly allowed the appeal, providing relief on some disallowances and additions while upholding others. The decision balanced the need for accurate tax reporting with fairness in the assessment process. The disallowance of vehicle repair expenses due to unreported insurance claim was upheld, while the addition of outstanding creditors was partly sustained. The disallowance of 20% of various vehicle expenses was reduced, and the breach of natural justice principles was not specifically addressed. The levying of interest and initiation of penalty proceedings were upheld without specific challenge. Case-Laws Income Tax Wed, 23 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409296