ITAT Pune Deletes Perquisite Addition Already Included in Director’s Salary

Balasaheb Vitthalrao Kadam Vs ACIT (ITAT Pune) ITAT Pune Deletes Perquisite Additions on Director’s Rent-Free Accommodation – Double Addition Found Unjustified- Statement Given in Survey Cannot Substitute Evidence; Statement Alone Cannot Justify Perquisite Addition When Contradicted by Evidence; ITAT Voids Addition Based on Erroneous Survey Admission Pune ITAT allowed a group of appeals filed by Shri Balasaheb Vitthalrao Kadam, his family members, & co-directors of BSA Corporation Ltd., deleting additions made towards perquisite value of rent-free accommodation allegedly enjoyed by the...