disallowance of expenditure
This query is : Resolved
asha fernandes
(Querist)
15 October 2008
dear sir,
if a firm has a car in its books and the partner says that he has his own two wheeler for personal use and hence doesnnt want to add back any part as personal use can the A.O disagree and add back any amount for personal use
if a firm has a car in its books and the partner says that he has his own two wheeler for personal use and hence doesnnt want to add back any part as personal use can the A.O disagree and add back any amount for personal use
15 October 2008
If the partner can prove his claim with records the AO will agree .Otherwise dissallowance can be expected from AO's side.
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