TMI Blog2002 (7) TMI 15X X X X Extracts X X X X X X X X Extracts X X X X ..... ture incurred on the company cars which were used for the personal purposes of the employees and directors? - 3. Whether, the sum of Rs. 81,810 incurred by the assessee for shifting its administrative office from Madurai to Bangalore as a result of amalgamation of three companies having number of activities in various centres was allowable as revenue expenditure in the computation of its business ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 600 has to be conceded? 2. Whether, on the facts and in the circumstances of the case, the disallowance under sections 40A(5) and 40(c) was rightly made by the Assessing Officer in respect of the expenditure incurred on the company cars which were used for the personal purposes of the employees and directors? 3. Whether, on the facts and in the circumstances of the case, the sum of Rs. 81,810 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nder section 35B of the Income-tax Act in respect of the bank charges paid in India. Following the decision in Guruvaiah Naidu and Sons' case [2002] 123 Taxman 103 (Mad), the first question is answered in favour of the Revenue and against the assessee. In so far as the second question is concerned, it relates to the disallowance of the expenditure under section 40A(5) of the Act. It was found by t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , decided on February 21, 2001, wherein it was held that the expenditure incurred in shifting the offices from Madurai to Bangalore should be treated as revenue expenditure. Following the decision of this court in T.C. No. 474 of 1989 rendered in the assessee's own case (CIT v. Madura Coats Ltd. [2002] 253 ITR 62), we hold that the expenditure incurred in shifting the administrative office of the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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