Direction by CIT(A) in excess of jurisdiction conferred by section 251 is untenable

Adaab Hotels Ltd Vs DCIT (ITAT Delhi) ITAT Delhi held that direction by CIT(A) to AO to take appropriate action for not deducting TDS from the perquisite in respect of interest free loans given to directors and to take appropriate action to tax the perquisites u/s. 17 of the Act is in excess of jurisdiction conferred by section 251 hence deleted. Facts- The appellant mainly contended that CIT(A) has erred in holding that interest free loans given to directors are perquisites u/s 17 of the Income Tax Act read with Rule 3(7)(i) of the Income Tax Rules’ 1962 and also directing the learned Asses...