Foreign Business Tour by Non-Employee Director/Shareholder of Company not taxable as Perquisite

This appeal by assessee has been directed against the order of Ld. CIT(A) -35, New Delhi dated 30th January, 2017 for assessment year 2012-13 on the following grounds :- 1. “That the Ld. CIT(A) had erred on facts and under the law in confirming the addition of Rs. 5,00,000/- on account unexplained perks u/s 17(2)(iii) of I.T. Act as made by the AO. 2. That the Ld. CIT(A) had erred on facts and under the law in confirming the addition of Rs. 3,00,000/- on account of unexplained expenditure incurred on foreign travels as made by the AO. 3. That without prejudice to Ground No. 1 & 2 above,...