https://www.taxtmi.com/caselaws?id=291052 The tribunal allowed the appeal, holding that there should be no disallowance of expenses for personal use by directors in a Private Limited Company. Citing judicial precedents, the tribunal emphasized that no disallowance can be made for personal expenses on cars used by directors. Any amount related to personal use by director-employees should be treated as a perquisite in their hands. Consequently, the tribunal deemed the disallowance of depreciation on cars for personal use unjustified and deleted the addition. en-us Wed, 30 Jan 2019 00:00:00 +0530 Tue, 27 Oct 2020 10:27:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291052 The tribunal allowed the appeal, holding that there should be no disallowance of expenses for personal use by directors in a Private Limited Company. Citing judicial precedents, the tribunal emphasized that no disallowance can be made for personal expenses on cars used by directors. Any amount related to personal use by director-employees should be treated as a perquisite in their hands. Consequently, the tribunal deemed the disallowance of depreciation on cars for personal use unjustified and deleted the addition. Case-Laws Income Tax Wed, 30 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291052