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Case lawHigh Court › Sayaji Iron and Engg. Co. v CIT — a company has no personal use, so no fraction of car expenses or depreciation can be disallowed
High CourtHelps taxpayerValidity unconfirmeds.32s.38(2)

Sayaji Iron and Engg. Co. v CIT — a company has no personal use, so no fraction of car expenses or depreciation can be disallowed

The Assessing Officer has disallowed one-sixth of my company's car expenses and depreciation because the directors used the cars personally. Can he?

The Assessing Officer has disallowed one-sixth of my company's car expenses and depreciation because the directors used the cars personally. Can he?

Not where the company is the assessee. The Gujarat High Court held that where the directors were entitled under their terms of appointment to use the company's vehicles for personal purposes, the expenditure is remuneration within the Explanation to s.198 of the Companies Act 1956 and is the company's business expenditure, so no part of the vehicle expenses or depreciation could be disallowed for personal use.

Decided by the High Court (A.R. Dave J) on 2001-07-25, reported as [2002] 253 ITR 749 (Guj); [2002] 108 Comp Cas 675 (Guj); assessment year 1979-80. It bears on section 32, section 38(2) of the Income Tax Act 1961, in Deductions & Disallowances and Assessment & Scrutiny matters.

Validity check could not be completed. Later treatment was not checked. The reasoning depends on the Companies Act 1956, in particular ss.198 and 309 and the Explanation to s.198, which have since been replaced by the Companies Act 2013; whether the corresponding provisions carry the same definition of remuneration was not verified.

Why it matters

This is the standard answer to the routine one-sixth or one-fifth disallowance that appears in almost every company assessment. The reasoning is that a company is a juristic person that can have no personal use of its own; any personal element is the director's perquisite, taxable in his hands, and remains business expenditure of the company. The limits matter as much as the holding. It does not help a proprietor, a firm or an LLP, where personal use by the proprietor or a partner is real and s.38(2) applies to the depreciation and s.37 to the running expenses. It depends on the vehicles being available to the directors under their terms of appointment, so where a company has not fixed remuneration in that way, or where the vehicle is used by someone who is not an employee or director at all, the argument is weaker. And where the disallowance is of depreciation rather than of expenses, the officer's provision is s.38(2), on which this judgment does not turn.

Binding within that High Court's jurisdiction. Persuasive elsewhere.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

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Related

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