239 ITR

Sec. 40(c), Sec. 40A(5)

Madras H.C : Whether, on the facts and in the circumstances of the case, the expenditure of the assesseecompany which resulted in the provision of a perquisite to the employees or benefit or amenity to a director by reason of his being provided with cars used for both official and private purposes, should be taken to be the actual expenditure incurred in respect of the cars amounting to Rs. 3,98,746 in respect of the employees and Rs. 4,49,072 in respect of the directors or at the value of the perquisite of private use of the cars estimated in the assessments of the employees at Rs. 1,26,413 and the directors at Rs. 3,55,988 for the purpose of making disallowance under s. 40A(5) and s. 40(c)(i) of the IT Act, 1961 ?

High Court Of Madras CIT vs. Madura Coats Ltd. Sections 40(c), 40A(5) Asst. Year 1976-77 N.V. Balasubramanian & Mrs. A.

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