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2016 (2) TMI 1171 - ITAT DELHITPA - companies functinal comparable - Held that:- Assessee is engaged in the business of providing services in supporting the development of client server applications, to assist customers in the successful development of Microsoft technology, both directly and through service providers and to provide training through authorized training centres to assist customers in the operation of Microsoft licensed software, thus companies functionally dissimilar with that of assessee need to be deselected from final list. Disallowance of 50% car running expenses used by directors - Held that:- Gujarat High Court in Sayaji Iron and Engineering Company v. CIT [2001 (7) TMI 70 - GUJARAT HIGH COURT] where it was held that once the directors of the Assessee company are entitled to use the vehicles of the company for their personal use as per the terms and conditions of their appointment, it cannot be said that the same was a personal expenditure.
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