Held that the assessee being a corporate entity there cannot be anything personal, therefore running expenses, depreciation, Telephone and mobile expenses cannot be disallowable on account of personal use. Employees contribution which are paid before due date of filing of return are allowable as deduction. (AY. 2013-14)
N. R. Wires (P) Ltd. v. Dy.CIT (2023) 224 TTJ 480 (Raipur)(Trib)
S. 37(1) : Business expenditure-Company-No personal-Vehicle running expenses-Depreciation-Telephone and mobile expenses-Disallowance cannot be made on account of personal use-Employees contribution-Paid before due date of filing of return-Allowable as deduction. [ S. 32(1)(ii),36(1)(va), 139(1)]