https://www.taxtmi.com/caselaws?id=69064 The tribunal partially allowed the appellant's appeal, directing the Assessing Officer to recalculate the disallowance under Rule 6D for excess travelling expenses based on specific case law. The tribunal upheld the disallowance of medical expenses reimbursed to employees/directors under sec. 40(c) and 40A(5) following precedent. It also maintained the disallowance under sec. 37(3A) despite arguments regarding foreign technicians' payments. Regarding terminal allowance under sec. 32(1)(iii), the tribunal accepted the estimated scrap value, directing its treatment as opening stock for future adjustments in line with accounting and tax provisions. en-us Mon, 14 Jun 1993 00:00:00 +0530 Mon, 04 Apr 2011 18:16:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69064 The tribunal partially allowed the appellant's appeal, directing the Assessing Officer to recalculate the disallowance under Rule 6D for excess travelling expenses based on specific case law. The tribunal upheld the disallowance of medical expenses reimbursed to employees/directors under sec. 40(c) and 40A(5) following precedent. It also maintained the disallowance under sec. 37(3A) despite arguments regarding foreign technicians' payments. Regarding terminal allowance under sec. 32(1)(iii), the tribunal accepted the estimated scrap value, directing its treatment as opening stock for future adjustments in line with accounting and tax provisions. Case-Laws Income Tax Mon, 14 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69064