https://www.taxtmi.com/caselaws?id=61384 The Tribunal held that interest should be charged on a registered firm as if it were unregistered, based on the provisions of s. 139(8)(a) and Expln. 2. The Tribunal emphasized the legislative intent and judicial opinions supporting this interpretation. Regarding car expenses and depreciation disallowance, the Tribunal upheld the AAC's decision to reduce the disallowance to 25% due to special circumstances among partners but found no further basis for additional reduction without a log book. The Revenue's appeal was allowed, except for the specific adjustment made by the AAC for car expenses and depreciation. en-us Mon, 24 Nov 1986 00:00:00 +0530 Wed, 12 Jan 2011 14:31:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61384 The Tribunal held that interest should be charged on a registered firm as if it were unregistered, based on the provisions of s. 139(8)(a) and Expln. 2. The Tribunal emphasized the legislative intent and judicial opinions supporting this interpretation. Regarding car expenses and depreciation disallowance, the Tribunal upheld the AAC's decision to reduce the disallowance to 25% due to special circumstances among partners but found no further basis for additional reduction without a log book. The Revenue's appeal was allowed, except for the specific adjustment made by the AAC for car expenses and depreciation. Case-Laws Income Tax Mon, 24 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61384