https://www.taxtmi.com/caselaws?id=211424 The High Court ruled in favor of the appellant company on both issues. It held that the expenditure on reimbursing employees for public taxi expenses did not qualify as conveyance allowance subject to disallowance under section 37(3A) of the Income Tax Act, 1961. Additionally, the court determined that the assessee was entitled to depreciation allowance for specific floors of a building based on relevant precedents and interpretations, aligning with Supreme Court decisions. en-us Wed, 21 Dec 2011 00:00:00 +0530 Tue, 01 Dec 2015 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211424 The High Court ruled in favor of the appellant company on both issues. It held that the expenditure on reimbursing employees for public taxi expenses did not qualify as conveyance allowance subject to disallowance under section 37(3A) of the Income Tax Act, 1961. Additionally, the court determined that the assessee was entitled to depreciation allowance for specific floors of a building based on relevant precedents and interpretations, aligning with Supreme Court decisions. Case-Laws Income Tax Wed, 21 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211424