https://www.taxtmi.com/caselaws?id=753246 ITAT Surat allowed partial deduction of car-related expenses claimed by assessee-partner under section 37(1). The assessee received remuneration and interest from partnership firm, taxable under section 28(v), separate from exempt profit share under section 10(2A). Tribunal held car expenses including loan interest, depreciation, fuel, and driver salary were eligible for deduction but required apportionment between business and personal use. Due to insufficient evidence proving exclusive business use, ITAT allowed 50% deduction for business purposes and disallowed remaining 50% as personal expenditure. Disallowance was restricted to Rs. 2,71,322 instead of original Rs. 54,26,44. Appeal was partly allowed. en-us Mon, 27 May 2024 00:00:00 +0530 Wed, 29 May 2024 08:32:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753246 ITAT Surat allowed partial deduction of car-related expenses claimed by assessee-partner under section 37(1). The assessee received remuneration and interest from partnership firm, taxable under section 28(v), separate from exempt profit share under section 10(2A). Tribunal held car expenses including loan interest, depreciation, fuel, and driver salary were eligible for deduction but required apportionment between business and personal use. Due to insufficient evidence proving exclusive business use, ITAT allowed 50% deduction for business purposes and disallowed remaining 50% as personal expenditure. Disallowance was restricted to Rs. 2,71,322 instead of original Rs. 54,26,44. Appeal was partly allowed. Case-Laws Income Tax Mon, 27 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753246