https://www.taxtmi.com/caselaws?id=55370 The tribunal upheld the AAC's decision to reduce the trading addition from Rs. 6,000 to Rs. 2,500 for the assessment year 1975-76, emphasizing the lack of sufficient evidence provided by the ITO to support the addition. The tribunal found the assessee's records to be in line with past assessment history, leading to the deletion of the Rs. 2,500 addition. Additionally, the tribunal maintained the disallowance of conveyance expenses at Rs. 8,078, considering the consistency in disallowance percentages and the increased total car expenses against higher turnover. en-us Tue, 30 Jan 1979 00:00:00 +0530 Fri, 26 Nov 2010 16:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55370 The tribunal upheld the AAC's decision to reduce the trading addition from Rs. 6,000 to Rs. 2,500 for the assessment year 1975-76, emphasizing the lack of sufficient evidence provided by the ITO to support the addition. The tribunal found the assessee's records to be in line with past assessment history, leading to the deletion of the Rs. 2,500 addition. Additionally, the tribunal maintained the disallowance of conveyance expenses at Rs. 8,078, considering the consistency in disallowance percentages and the increased total car expenses against higher turnover. Case-Laws Income Tax Tue, 30 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55370