2019 (1) TMI 1816

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....ppeal filed by the assessee arises out of the order passed by the CIT(A)-1, Pune on 16-01-2017 in relation to the assessment year 2012-13. 2. The only issue raised in this appeal is against confirmation of disallowance of Rs. 2,08,267/-, being, depreciation on cars for personal use by the directors of the assessee company. 3. Briefly stated, the facts of the case are that the assessee company cl....

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....g to the disallowance on account of personal use of cars u/s. 38(2) of the Act, we find that the assessee is a Private Limited Company. There is no dearth of judicial precedents holding that there cannot be any disallowance of expenses in the hands of company on account of personal use even by its Directors. The Hon'ble Gujarat High Court in Sayaji Iron and Engineering Company vs. CIT (2002) 253 I....