https://www.taxtmi.com/caselaws?id=443595 The Tribunal partly allowed the appeal, directing the AO to recalculate the disallowance of aircraft expenses based on the agreed 15% personal use and delete the excess disallowance. The Tribunal found the assessment under section 153A invalid as it lacked incriminating material, leading to the disallowance being deemed not valid. Other issues regarding interest under section 234B and the alleged excessiveness of disallowances were not extensively addressed in the judgment. en-us Fri, 08 Sep 2023 00:00:00 +0530 Wed, 27 Sep 2023 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443595 The Tribunal partly allowed the appeal, directing the AO to recalculate the disallowance of aircraft expenses based on the agreed 15% personal use and delete the excess disallowance. The Tribunal found the assessment under section 153A invalid as it lacked incriminating material, leading to the disallowance being deemed not valid. Other issues regarding interest under section 234B and the alleged excessiveness of disallowances were not extensively addressed in the judgment. Case-Laws Income Tax Fri, 08 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443595