Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Medical reimbursement paid by a company to its salaried full-time employee and promoter-director for critical heart surgery was held deductible as business expenditure under section 37(1). The Tribunal found the payment commercially expedient because the employee was the driving force behind the business, the surgery was genuine and undertaken at a recognised hospital, and the company bore only part of the total cost while the balance was personally met. It also held that the timing of the Board resolution, the marginal excess over the sanctioned amount, and the argument of personal expenditure did not justify disallowance. The reimbursement, authorised and debited as employee benefit expense, was therefore allowable and the disallowance was deleted.
Medical reimbursement paid by a company to its salaried full-time employee and promoter-director for critical heart surgery was held deductible as business expenditure under section 37(1). The Tribunal found the payment commercially expedient because the employee was the driving force behind the business, the surgery was genuine and undertaken at a recognised hospital, and the company bore only part of the total cost while the balance was personally met. It also held that the timing of the Board resolution, the marginal excess over the sanctioned amount, and the argument of personal expenditure did not justify disallowance. The reimbursement, authorised and debited as employee benefit expense, was therefore allowable and the disallowance was deleted.
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