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TMI Blog2017 (8) TMI 1596X X X X Extracts X X X X X X X X Extracts X X X X ..... ing decisions lay down the ratio that a company being an artificial person, there cannot be any personal element in expenses incurred by a company and subsequently, no disallowance in the hands of a company can be made u/s 37 of the Act. The addition, if any, can be made in the hands of a person (e.g. employee, directors etc.) receiving such benefits. As relying on Sayaji Iron Engg. Co [ 2001 (7) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 002 vs. The Asst. Commissioner of Income-tax, Central Circle-35, Aayakar Bhavan, M.K. Road, Mumbai - 400 020 against the order passed by Commissioner of Income-tax (Appeals)-41 [CIT(A)] Order No. CIT(A)-41/ACCC-35/IT-75/2013-14 dated 30.05.2014. The Appeal was heard and disposed off by the Income-tax Appellate Tribunal, "I" Bench, Mumbai vide its order dated 22nd July, 2016. 2. It was ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the fact that the ITAT order has been passed for both the Assessment Years viz. A Y 2009-10 and 2010-11, and due to the fact that this ground was not present in A Y 2009-10 and was present only in A Y 2010-11, adjudication thereon has been inadvertently skipped. 5. We have considered rival contentions and carefully gone through the order of the Tribunal wherein ground No.3 remain to be adjudicat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Textiles (P.) Ltd vs ITO (Para-8) 16taxmann.com 57 ITAT-Mumbai 3 Johnson & Johnson Ltd vs ACIT (Para-35) 43 taxmann.com 255 ITAT-Mumbai 4 KSS Ltd-{2016) vs DOT (Para-6.2) 66 taxmann.com 97 ITAT-Mumbai 5 Fairfield Atlas Ltd. VsACIT (Para-9) 3 taxmann.com 760 ITAT-Mumbai 6 Vieshesh Films (P.) Ltd. Vs DOT (Para-7) 26 SOT 64 ITAT-Mumbai 7 Intersil India Ltd. Vs Add.CIT (Para- 12-16) 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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