Electricity expenses for Directors' residences should be taxed as a perquisite, not disallowed for the company.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Disallowance on account of electricity expenses of Directors’ residence - personal use by Directors, expenditure cannot be disallowed in the hands of the assessee company although the claim may be added in the hands of the concerned Directors/ employees as perquisite- AT....