1981 (10) TMI 79

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....issioner (Appeals) was wrong in confirming the disallowance of 25 per cent of the car expenses incurred by the assessee including road tax and depreciation on account of the personal use of the cars by the directors of the company. It is the contention of the assessee that it is a private limited company which has a separate juristic personality and that when its directors make use of the company'....

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....rred on such use, otherwise than for the business of the company, will not be admissible in determining the total income of the assessee. The position would be different if the company had granted the use of the cars to the directors by way of perquisite. However, as stated earlier, we are not concerned with a situation like that as the assessee has not given its directors such a perquisites. In t....