https://www.taxtmi.com/caselaws?id=62168 The Kerala High Court held that both the expenditure and depreciation on buildings occupied by employees should be considered for disallowance under s. 40(a)(v)/40A(5). However, only the portion of expenditure and depreciation attributable to personal use of motor cars by employees should be considered for s. 40(a)(v)/40A(5) application. The Tribunal partially allowed the appeals, upholding the CIT(A) orders on motor cars but restoring the ITO's orders on buildings occupied by employees, emphasizing that fair rent charged to employees does not exempt the inclusion of expenditure and depreciation for s. 40A(5) application. en-us Fri, 21 May 1982 00:00:00 +0530 Tue, 18 Jan 2011 13:43:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62168 The Kerala High Court held that both the expenditure and depreciation on buildings occupied by employees should be considered for disallowance under s. 40(a)(v)/40A(5). However, only the portion of expenditure and depreciation attributable to personal use of motor cars by employees should be considered for s. 40(a)(v)/40A(5) application. The Tribunal partially allowed the appeals, upholding the CIT(A) orders on motor cars but restoring the ITO's orders on buildings occupied by employees, emphasizing that fair rent charged to employees does not exempt the inclusion of expenditure and depreciation for s. 40A(5) application. Case-Laws Income Tax Fri, 21 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62168