https://www.taxtmi.com/caselaws?id=297025 In a section 153A assessment, an issue already examined and disallowed in the original assessment could not be reopened on a different view without contrary material, so the vehicle-maintenance additions for those years were deleted. For a year without prior disallowance, the vehicle-maintenance claim was allowed only partly and the ad hoc disallowance was restricted to one-tenth, while the higher depreciation claim on cars was rejected because the special rate applied to new commercial vehicles, not motor cars. Additions for profit on undisclosed sales were sustained because no nexus was shown with surrendered stock. The unexplained-stock addition was deleted since the excess quantity was undisputed and valuation had to remain consistent with the books. en-us Mon, 30 Sep 2013 00:00:00 +0530 Mon, 16 Aug 2021 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297025 In a section 153A assessment, an issue already examined and disallowed in the original assessment could not be reopened on a different view without contrary material, so the vehicle-maintenance additions for those years were deleted. For a year without prior disallowance, the vehicle-maintenance claim was allowed only partly and the ad hoc disallowance was restricted to one-tenth, while the higher depreciation claim on cars was rejected because the special rate applied to new commercial vehicles, not motor cars. Additions for profit on undisclosed sales were sustained because no nexus was shown with surrendered stock. The unexplained-stock addition was deleted since the excess quantity was undisputed and valuation had to remain consistent with the books. Case-Laws Income Tax Mon, 30 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297025