Excess perquisites

Amounts under the heads; "entertainment"; "conveyance"; "travelling fare"; "staff training"; "staff refreshment" and "staff uniform" were treated as perquisites and added in income

Taxpayer contended that these expenses were incurred wholly and exclusively in relation to performing of duties by the employees and by no stretch of imagination could be construed as allowance, perquisites or benefit within the meaning of S.21(k) of the Income Tax Ordinance, 2001

First Appellate Authority observed that on same grounds additions made were set aside and department accepted bank's point of view and did not make any addition

Validity

Expenses were not allowances, perquisites or benefits within the meaning of S.21(k) of the Income Tax Ordinance, 2001

No infirmity in the order of First Appellate Authority having been found its order was confirmed by the Appellate Tribunal.