Private Limited Company is an Inanimate Person and no Personal Expenditure could be Attributed to it
Case Law Details
Case Name : Rajasthan Patrika Vs ACIT, (ITAT-Jaipur)
Related Assessment Year :
Courts :
All ITAT ITAT Jaipur
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Brief of the case
In the present facts of the Case there are three vital issues in which the Hon’ble Tribunal held that expenses like Telephone expenses, Diwali Expenses, Travelling Expenses, Vehicle Running, Event management Expenses, Staff Training Expenses and other expenses are business expenses and should not be treated as personal expenses as a Ltd. company is a inanimate person and there cannot be any personal expenses attributed to it. Also, the principle of consistency have to be followed. A
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.