https://www.taxtmi.com/caselaws?id=65236 Rule 6D was applied on a trip-wise basis for each employee, so the travelling-expense disallowance was sustained. Sales-tax liability was not treated as actually paid under section 43B because the BIFR arrangement showed only instalment payment and the statutory conversion of liability into loan, with the required eligibility certification, was not completed. Debenture redemption premium was treated as borrowing cost and allowable proportionately over the life of the debentures. Guest-house rent and repairs remained disallowed on binding precedent, while the ad hoc hospitality disallowance was deleted. Depreciation on household-use assets given to employees was allowed because the assets were used in the course of employment. en-us Wed, 04 Jun 2003 00:00:00 +0530 Tue, 19 Jun 2012 13:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65236 Rule 6D was applied on a trip-wise basis for each employee, so the travelling-expense disallowance was sustained. Sales-tax liability was not treated as actually paid under section 43B because the BIFR arrangement showed only instalment payment and the statutory conversion of liability into loan, with the required eligibility certification, was not completed. Debenture redemption premium was treated as borrowing cost and allowable proportionately over the life of the debentures. Guest-house rent and repairs remained disallowed on binding precedent, while the ad hoc hospitality disallowance was deleted. Depreciation on household-use assets given to employees was allowed because the assets were used in the course of employment. Case-Laws Income Tax Wed, 04 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65236