Car expenses incurred for the personal use of directors of the company in accordance with the terms and conditions of service were allowable as business expenditure

Mitsui & Co India Pvt Ltd Vs Addl. CIT ITAT BENCH ‘E’ DELHI ITA No. 1362/Del./2011 Assessment Year: 2005- 2006 Decided on: 3 June 2011 Order Per: B C Meena, AM: The assessee has filed this appeal against the order of CIT (Appeals)- IX, New Delhi dated 29.10.2010 for the assessment year 2005-06. The grounds of appeal taken by the assessee read as under:- “1. On the facts and circumstances of the case, the order passed by the learned CIT (A) is bad both in the eye of law and on facts. 2(i) On the facts and circumstances of the case, learned CIT(A) has erred bot...