managing partner. The aforesaid expenditure was incurred for purchase of Pace Maker. Assessing Officer was of the opinion that the expenditure is exclusively personal ... assessee that the payment made by the firm for purchase of Pace Maker is not hit by section 40(b) is not in dispute. However
medical equipment, being-
(a) D.C.Defibrillators for internal use and pace makers
(b) Haemodialysors
(c) Heart Lung Machine
(d) Cobalt Therapy Unit
(e) Colour
During course of time she had heart problem & had
pace maker implantation. Subsequently she suffered from mild cerebral attack
with multi organs failure
extracted below:
i) D. C. Defibrillators for internal use and pace maker
ii) Haemodialysors
iii) Heart Lung machine
iv) Cobalt Therapy unit
v) Colour Doppler
above amount is utilised for purchase of Pace
Makers from Shree Coratomic. According to the A.O. the assessee
could not clarify the balance amount
A.C.I.T.,Circle-3(2), Kolkata vs M/S Mani Square Ltd., Kolkata
