1981 (10) TMI 79

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..... e of 25 per cent of the car expenses incurred by the assessee including road tax and depreciation on account of the personal use of the cars by the directors of the company. It is the contention of the assessee that it is a private limited company which has a separate juristic personality and that when its directors make use of the company's cars for their private use, the expenditure relating to .....

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..... mpany, will not be admissible in determining the total income of the assessee. The position would be different if the company had granted the use of the cars to the directors by way of perquisite. However, as stated earlier, we are not concerned with a situation like that as the assessee has not given its directors such a perquisites. In the result, the disallowance of that proportion of the car e .....

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