Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
HC held that consistency in tax treatment required deletion of the ad hoc disallowance of telephone and car expenses where similar disallowances for earlier years had already been deleted and no material change in facts was shown. It further held that a company's expenditure cannot be treated as personal expenditure merely because employees or directors may use cars or telephones authorised by the company; disallowance is justified only on a finding that the has no nexus with business. The Court found the AO's reasoning cursory and ruled that the company was not required to maintain a log book or split journeys into personal and official use. The disallowance was set aside.
HC held that consistency in tax treatment required deletion of the ad hoc disallowance of telephone and car expenses where similar disallowances for earlier years had already been deleted and no material change in facts was shown. It further held that a company's expenditure cannot be treated as personal expenditure merely because employees or directors may use cars or telephones authorised by the company; disallowance is justified only on a finding that the has no nexus with business. The Court found the AO's reasoning cursory and ruled that the company was not required to maintain a log book or split journeys into personal and official use. The disallowance was set aside.
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