TMI BlogAdditions on account of expenditure on speed-boat owned by the assessee - the assessee has suo-moto...Additions on account of expenditure on speed-boat owned by the assessee - the assessee has suo-moto disallowed 25% of the expenditure on estimated basis to account for personal element / usage - No further addition is required. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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