https://www.taxtmi.com/caselaws?id=64179 For disallowance under section 40A(5), medical reimbursement paid in cash was not treated as a perquisite, while rent-free accommodation had to be valued by reference to the employer's actual expenditure and not by importing rule 3. Entertainment expenses on hospitality were covered by section 37(2A), and only business-linked general charges were allowable. Write-backs of excess provisions, ceased liabilities and unpaid claims attracted section 41(1), but amounts never earlier claimed as revenue expenditure fell outside it. Fixed deposits held as surplus funds were not includible in capital employed for section 80J, surtax was not deductible as business expenditure, and income-tax related payments were not relieved under section 80VV. A technical collaboration payment was split between capital and revenue elements according to enduring technical rights versus time-bound assistance. en-us Fri, 17 Jan 1986 00:00:00 +0530 Sat, 05 Feb 2011 12:40:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64179 For disallowance under section 40A(5), medical reimbursement paid in cash was not treated as a perquisite, while rent-free accommodation had to be valued by reference to the employer's actual expenditure and not by importing rule 3. Entertainment expenses on hospitality were covered by section 37(2A), and only business-linked general charges were allowable. Write-backs of excess provisions, ceased liabilities and unpaid claims attracted section 41(1), but amounts never earlier claimed as revenue expenditure fell outside it. Fixed deposits held as surplus funds were not includible in capital employed for section 80J, surtax was not deductible as business expenditure, and income-tax related payments were not relieved under section 80VV. A technical collaboration payment was split between capital and revenue elements according to enduring technical rights versus time-bound assistance. Case-Laws Income Tax Fri, 17 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64179