A.K.MULTIMETALS PRIVATE LIMITED,MANDI GOBINDGARH vs. ACIT,CIRCLE, MANDI GOBIND GARH

In the result, appeal of the Assessee is allowed

section 40A(2)(b) of the Act. When the matter was taken to the Ld. CIT(A), it was stated that amount of Rs.15,000/- p.m was paid to Shri Deepak Gupta for the use of Innova Car, as lease rent, which cannot be termed as unreasonable and that had the assessee purchased the car of its own, then

M/S ASHA TECHNOLOGIES,SIRMOUR vs. ADDL. CIT, SOLAN

In the result, both the above appeals of the Assessee are partly allowed as aforesaid in respect of impugned orders dt