9911796707
TMI Blog1981 (1) TMI 104X X X X Extracts X X X X X X X X Extracts X X X X ..... , 1974. During the year, the assessee was mainly carrying on the business of purchase and sale of iron steel at Calcutta. No manufacturing activities were carried out in the year under consideration. 2. Grounds 8 to 10 by the assessee read as under: "8. For that the ld. AAC is not justified in not considering the appellant's ground against disallowance of the Bad Debts written of amounting ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d ought to have deleted the levy of interests altogether, instead of only direction for amendment of the calculation of interest on variation of the assessed income". We, after hearing both the representative for the assessee and the Department, agree with the latter that the assessee is not aggrieved against the order of the AAC in this behalf, as these grounds were not pressed at hearing of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nvassed before them earlier. For the reason stated in the aforesaid earlier order of the Tribunal, with which we agree as also in other decision of the Tribunal, we hold that the amount reimbursed by the assessee to its Managing Director in respect of medical expenses does not have the character of "perquisite". We hold likewise. 5. The assessee has a Managing Director and four Directors. One D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rpose of its business or purposes incidental to its business. As such, the disallowance of Rs. 2,000 sustained by the AAC for the year under consideration appears to be fair and reasonable. 7. In the year, the assessee incurred general expenses on refreshment at Kanpur and Calcutta Branch Office totalling Rs. 3,522. Out of the said expenditure, the ITO has disallowed Rs. 2,000 as a part of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t allowable in view of the decision of the Allahabad High Court in Brij Raman Das Sons vs. CIT 1975 CTR (All) 223 : (1976) 104 ITR 541 (All). Keeping in view the facts and circumstances of the case and the past history, we restrict the disallowance to Rs. 1,000. The earlier decision of the Tribunal (Allahabad Bench-'B') in the case of the assessee for the asst. yr. 1973-74 in ITA Nos. 117 50/A ..... X X X X Extracts X X X X X X X X Extracts X X X X
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