Vehicle expenses allowed as expense to the Company when vehicle is used by Director employees
Court :
ITAT, Pune
Brief :
The ITAT, Pune in M/s. Pushpak Steel Industries Pvt. Ltd. v. ACIT, Circle-10, Pune [ITA No. 301/PUN/2023 dated on May, 16, 2023] allowed the depreciation or other expenses on maintenance of the vehicles used by the director employees by treating it business expense of the company.
Citation :
ITA No. 301/PUN/2023 dated on May, 16, 2023
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Bimal Jain
Published in Corporate Law
Views : 411
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