Held that the personal expenses of the assessee-director, which were paid through credit cards of the company, have already been disallowed in the hands of the company; the same cannot be added in the hands of the assessee-director as the value of any benefit or perquisite under the provisions of ss. 2(24)(iv), 17(2)(iv) or 28(iv). (AY. 2019-20 to 2022-23)
Mecca Rafeeque Ahmed v. ACIT (2025) 234 TTJ 691 / 172 taxmann.com 160 (Chennai)(Trib) Israr Ahmed v. ACIT (2025) 234 TTJ 691 / 172 taxmann.com 160 (Chennai)(Trib) Ashifaque Ahmed Mecca v. v. ACIT (2025) 234 TTJ 691 / 172 taxmann.com 160 (Chennai)(Trib)
S. 17(2): Salary-Perquisite-Personal expenses of director-Paid through the credit card of the company-Disallowed in the assessment of company-Can not be taxed again in hands of assessee-director as perquisite under section 2(24)(iv).[S. 2(24)iv), 28(iv), 37(1)]
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