1981 (1) TMI 104

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....that the ld. AAC is not justified in not considering the appellant's ground against disallowance of the Bad Debts written of amounting to Rs. 5,861 as being not pressed under an erroneous impression. Such bad debts written off and/or irrecoverable loss ought to have been fully allowed by the authorities below. 9. For that the ld. AAC should have considered and allowed the appellant's claim for deduction of tax deducted at source while computing income from interest from securities amounting to gross sum of Rs. 75 according to law. For statutory deduction, the AAC is not justified in not considering and allowing such deduction as being not pressed. 10. For that the learned AAC ought to have considered and decided the issue of legality,....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e agree as also in other decision of the Tribunal, we hold that the amount reimbursed by the assessee to its Managing Director in respect of medical expenses does not have the character of "perquisite". We hold likewise. 5. The assessee has a Managing Director and four Directors. One Director is staying at Kanpur, whereas four Directors stay at Calcutta. The assessee has got two cars, one at Kanpur and the other at Calcutta. For running the said cars, the assessee in the year under consideration incurred an expenditure of Rs. 14,754. The ITO disallowed Rs. 2,500 out of the said expenditure on estimate basis for personal use of the cars by the Directors. The said disallowance has been upheld by the AAC, though the disallowance has been re....