Tribunal held that in case of company there is company and as such there might not be any personal expenses incurred by the assessee on account of car running and telephone expenses. The ad hoc addition made by the Assessing Officer without pointing out any specific inadmissible expenses incurred by the assessee was wholly unjustified and it was to be deleted.(AY.2012-13 )
ITO v. Jaidka Woolen and Hosiery Mills P. Ltd. (2018) 68 ITR 216 (Delhi) (Trib)
S.37(1):Business expenditure – Ad-hoc expenditure –Company –No personal expenses – car running and telephone expenses —Disallowances cannot be made .