https://www.taxtmi.com/caselaws?id=242325 The Tribunal allowed the appeal, setting aside the disallowance of the franchisee fee and medical expenses. It directed a reexamination of expenses related to exempted income under section 14A of the Act based on a decision by the Kerala High Court. The franchisee fee was deemed a necessary expense for the franchise agreement and not capital expenditure, thus allowable under section 37(1) of the Act. Medical expenses for employees were considered staff welfare expenses and allowable under the same section. The matter was remanded to the AO for further examination with the requirement of supporting vouchers for medical expenses. en-us Fri, 08 Feb 2013 00:00:00 +0530 Mon, 13 Jan 2014 09:51:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242325 The Tribunal allowed the appeal, setting aside the disallowance of the franchisee fee and medical expenses. It directed a reexamination of expenses related to exempted income under section 14A of the Act based on a decision by the Kerala High Court. The franchisee fee was deemed a necessary expense for the franchise agreement and not capital expenditure, thus allowable under section 37(1) of the Act. Medical expenses for employees were considered staff welfare expenses and allowable under the same section. The matter was remanded to the AO for further examination with the requirement of supporting vouchers for medical expenses. Case-Laws Income Tax Fri, 08 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242325