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2012 (2) TMI 209 - AT - Income TaxCar expense being personal in nature - Held That:- When assessee himself disallowed 1/3rd of of car depreciation, contention of the assessee that no disallowance is called for out of expenses incurred towards interest, insurance and taxes do not sustain. Dis-allowance on Incomplete bills & vouchers - Assessee: additions upto 28% on higher side - Held That:- Additions of Rs 1,00,000 would meet end of justice. Annual value of property - Enhancement from 6000 pm to 6500 pm - Held That:- Assessee had not produced any evidence to show that the fair market value has actually come down. Decided against assessee.
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