Kamlesh Ghanshyamdas Thawani vs. ITO

Parties Involved

Facts Summary

The assessee, Kamlesh Ghanshyamdas Thawani, has appealed against the order of the Learned Commissioner of Income Tax (Appeals) passed under section 250 of the Income Tax Act, 1961 for the Assessment Year 2016-17. The sole issue in this appeal is the addition of Rs. 3,71,367/- made by the Assessing Officer, which was calculated as the proportionate benefit received by the assessee in respect of a business trip offered by the company M/s. Asian Paints Ltd. The assessee's representative argued that the entire expenditure for the trip was incurred by the company and that the Assessing Officer's treatment of this expenditure as not for business purposes and its subsequent division among beneficiaries was incorrect. The assessee cited an order of the Ld. CIT(A) in the case of another dealer, Imran Anishbhai Naguji, where a similar addition was deleted.…

Legal Issues

• 1. Addition of Rs. 3,71,367/- made by the Assessing Officer

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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