https://www.taxtmi.com/caselaws?id=1769 Section 40(c) overrides section 37(1) where company expenditure confers excessive or unreasonable benefit on persons in control, so medical expenses for a managing director were not deductible as ordinary business expenditure on the stated facts. The court also treated deduction under section 80HHA as governed by binding Supreme Court authority on set-off and computation of eligible income under sections 80AB and 71, and held that the deduction had to be worked out accordingly. Both questions were answered against the assessee, with the reference disposed of in favour of the Revenue. en-us Tue, 08 May 2007 00:00:00 +0530 Sun, 06 Feb 2011 05:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1769 Section 40(c) overrides section 37(1) where company expenditure confers excessive or unreasonable benefit on persons in control, so medical expenses for a managing director were not deductible as ordinary business expenditure on the stated facts. The court also treated deduction under section 80HHA as governed by binding Supreme Court authority on set-off and computation of eligible income under sections 80AB and 71, and held that the deduction had to be worked out accordingly. Both questions were answered against the assessee, with the reference disposed of in favour of the Revenue. Case-Laws Income Tax Tue, 08 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1769