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2013 (3) TMI 653 - AT - Income TaxDisallowance of entertainment expenses - Held that:- The expenses were incurred wholly and exclusively for the purpose of business - books of account have been audited - expenses were not in the nature of personal expenses - Decided in favor of assessee Disallowance of car maintenance expenses - Held that:- The expenses debited was mainly reimbursement of expenses on conveyance incurred by the employees - car repair and petrol expenses of the cars of the company - incurred for the purpose of business - Decided in favor of assessee Disallowance of tour and traveling expenses - Held that:- AO had not pointed out any specific defects on the vouchers and the disallowance was made on an adhoc basis - accounts were duly audited by the auditor under company’s act - Moreover, merely because in the opinion of the AO, the expenses are excessive, it cannot be a ground for disallowance - Decided in favoe of assessee
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