Sushil Kumar Jalani vs Assistant Commissioner Of Income Tax
Whether disallowance of expenses and depreciation under section 38(2) for personal use of business assets is justified --- Held, yes, but reduced from 1/6 to 1/8. Whether income surrendered during survey qualifies for deduction under section 80-IA --- Held, no, as the assessee failed to establish direct nexus with eligible business.
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