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TMI Blog2003 (3) TMI 58X X X X Extracts X X X X X X X X Extracts X X X X ..... king in the company or as per any scheme prepared by the company, but for the outsiders and who were close relatives of the directors. We find no substance in the appeal and, therefore, the appeal stands dismissed. - - - - - Dated:- 26-3-2003 - Judge(s) : S. B. SINHA., BADAR DURREZ AHMED. JUDGMENT Learned counsel appearing for the appellant has submitted that on the facts and circumstances ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pointed out that the persons have joined the company and, therefore, the assessee ought to have been granted the benefit. Our attention is also drawn to the order made by the Assessing Officer at annexure A-3. It is pointed out as under: "Sh. Manish Jain claimed to be serving with effect from August, 1995, on a salary of Rs. 3,000 per month plus other perquisites as per the rules." It is also ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsideration by the Tribunal from wholly irrelevant facts. In the opinion of the court during the relevant year, the amount was spent not for the persons working in the company or as per any scheme prepared by the company, but for the outsiders and who were close relatives of the directors. We find no substance in the appeal and, therefore, the appeal stands dismissed. - - TaxTMI - TMITax - In ..... X X X X Extracts X X X X X X X X Extracts X X X X
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