TMI Blog1987 (2) TMI 528X X X X Extracts X X X X X X X X Extracts X X X X ..... ounds, we proceed to discuss them one by one as under. 2. The first dispute relating to working of disallowance under section 37(3A) of the Income-tax Act, 1961 ( the Act ). The IAC aggregated certain expenditure and disallowed 20 per cent of the aggregate. The assessee s contention before the Commissioner (Appeals) was that jeep maintenance expenses could not be considered for aggregation. Thi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... motor utility truck designed in the World War II. Further, our attention was drawn to a judgment of the Allhabad High Court in Gopal Enterprises v. CST [1979] UPTC 1129 wherein the dispute related to the rate of sales tax on matador, station wagon and his Lordship held that the words motor car must be given a restricted meaning. Station Wagon sold by the assessee although used by the passengers ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y body or any expenditure incurred for advertisement, publicity and sales promotion. There is a limit to the overall expenditure at ₹ 1 lakh and the items referred to therein relate to advertisement, running and maintenance of aircrafts and motor cars or payment to hotels. Running of jeep would not be a wasteful expenditure keeping in view the nature of the assessee s business. Travelling by ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
