https://www.taxtmi.com/caselaws?id=758022 Non-deduction of TDS on ocean freight to non-resident shippers or their Indian agents was held not taxable for disallowance purposes because CBDT guidance shows sections relied on do not apply; the addition was deleted. Whole-travel expense disallowance was excessive where purpose and business nexus were unproven; a lump-sum 25% disallowance of travelling expenses was directed. Outstanding sundry creditors shown as liabilities and subsequently offered to tax in the next year could not be taxed again under cessation rules; addition deleted. Motor car expenses and depreciation disallowance was limited to a 10% personal-use deduction per binding precedents. Excess interest disallowance was deleted and AO directed to recompute. en-us Fri, 28 Jun 2024 00:00:00 +0530 Fri, 06 Feb 2026 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758022 Non-deduction of TDS on ocean freight to non-resident shippers or their Indian agents was held not taxable for disallowance purposes because CBDT guidance shows sections relied on do not apply; the addition was deleted. Whole-travel expense disallowance was excessive where purpose and business nexus were unproven; a lump-sum 25% disallowance of travelling expenses was directed. Outstanding sundry creditors shown as liabilities and subsequently offered to tax in the next year could not be taxed again under cessation rules; addition deleted. Motor car expenses and depreciation disallowance was limited to a 10% personal-use deduction per binding precedents. Excess interest disallowance was deleted and AO directed to recompute. Case-Laws Income Tax Fri, 28 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758022