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of <h1>Delhi High Court: House Rent Allowance is Salary, Not Disallowance</h1> <h3>Commissioner Of Income-Tax Versus Bharat Steel Tubes Limited</h3> Commissioner Of Income-Tax Versus Bharat Steel Tubes Limited - [1997] 226 ITR 750, 86 TAXMANN 358 The High Court of Delhi ruled that cash allowances for house rent expenses are considered as salary and not perquisites, thus not subject to disallowance under section 40A(5) of the Income-tax Act. The court also held that penalties paid for delayed sales tax are not deductible as business expenditure.
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