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Income Tax - Highlights / Catch Notes

Home Highlights November 2021 Year 2021 This

Disallowance of car hire charges - personal expenditure or not - ...

Income Tax

November 27, 2021

Disallowance of car hire charges - personal expenditure or not - when the assessee is having a subsidiary companies in Chennai and some of the Directors are residing at Chennai and the assessee has hired a car for his Directors for the purpose of business, it cannot be said that it is a personal in nature therefore, the Ld. CIT(A) rightly deleted the addition made by the A.O. - AT

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