https://www.taxtmi.com/caselaws?id=344182 The Judicial Member of ITAT Delhi allowed the appeal of the assessee, deleting additions of Rs. 5,00,000 and Rs. 3,00,000 made by the AO for unexplained perks and expenditure on foreign travels. It was held that the provisions of the Income Tax Act did not apply as the assessee was a director and shareholder, not an employee. The Judicial Member found the additions unjustified due to lack of evidence and official work justification, setting aside the decisions of the lower authorities. en-us Thu, 08 Jun 2017 00:00:00 +0530 Sat, 10 Jun 2017 13:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344182 The Judicial Member of ITAT Delhi allowed the appeal of the assessee, deleting additions of Rs. 5,00,000 and Rs. 3,00,000 made by the AO for unexplained perks and expenditure on foreign travels. It was held that the provisions of the Income Tax Act did not apply as the assessee was a director and shareholder, not an employee. The Judicial Member found the additions unjustified due to lack of evidence and official work justification, setting aside the decisions of the lower authorities. Case-Laws Income Tax Thu, 08 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344182