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2006 (1) TMI 101 - HC - Income TaxExpenses of repairs and insurance on running and maintenance of cars - "Whether Tribunal was right in holding that the expenses of repairs and insurance on running and maintenance of cars were not covered by the provisions of section 37(3A) and therefore, not includible for the purpose of disallowance under section 37(3A)?" - The expenditure covered by section 31 relates to repairs and premium paid in respect of insurance of cars, whereas what was contemplated under section 37(3B) is expenditure incurred on running and maintenance of motor cars which is entirely different. Therefore, the Tribunal was right in holding that section 37(3A) had no application in the case of expenditure incurred for repairing car and the premium paid for the insurance.
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