https://www.taxtmi.com/caselaws?id=409968 The Tribunal upheld the deletion of disallowed interest expenses for a car loan used for business purposes, disallowed registration expenses were fully deleted due to lack of evidence, disallowed purchase of course material was deleted as genuine purchases were proven, training expenses disallowance was deleted as genuine with detailed records, addition based on retracted statement during survey was deleted for lack of corroborative evidence, and adhoc disallowance of various expenses was upheld due to lack of verification. For the assessment year 2013-14, the assessee's appeal was allowed, and the revenue's appeal was dismissed. For the assessment year 2015-16, both the assessee's and revenue's appeals were dismissed. en-us Mon, 28 Jun 2021 00:00:00 +0530 Wed, 21 Jul 2021 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409968 The Tribunal upheld the deletion of disallowed interest expenses for a car loan used for business purposes, disallowed registration expenses were fully deleted due to lack of evidence, disallowed purchase of course material was deleted as genuine purchases were proven, training expenses disallowance was deleted as genuine with detailed records, addition based on retracted statement during survey was deleted for lack of corroborative evidence, and adhoc disallowance of various expenses was upheld due to lack of verification. For the assessment year 2013-14, the assessee's appeal was allowed, and the revenue's appeal was dismissed. For the assessment year 2015-16, both the assessee's and revenue's appeals were dismissed. Case-Laws Income Tax Mon, 28 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409968