1981 (10) TMI 79 - AT - Income Tax

Summary

The Appellate Tribunal ITAT Delhi-A partially allowed the appeal regarding the disallowance of car expenses and staff welfare expenses. The disallowance of 25% of car expenses was upheld as directors used cars for personal use without company resolution. However, the disallowance of Rs. 2,500 for staff welfare expenses was deleted. The appeal on the disallowance of Rs. 5,000 was not pursued.