https://www.taxtmi.com/caselaws?id=3191 The High Court ruled against the assessee, determining that the expenditure on hiring cars for delivering newspapers was subject to a 10% disallowance under Section 37(3B). The Court emphasized the distinction between passenger and goods vehicles, stating that only necessary business expenditures could be deducted. Consequently, the Court held in favor of the department, highlighting the importance of correctly categorizing vehicles when applying Section 37(3B) to expenses incurred for business purposes. en-us Wed, 02 May 2007 00:00:00 +0530 Tue, 29 Jul 2008 19:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3191 The High Court ruled against the assessee, determining that the expenditure on hiring cars for delivering newspapers was subject to a 10% disallowance under Section 37(3B). The Court emphasized the distinction between passenger and goods vehicles, stating that only necessary business expenditures could be deducted. Consequently, the Court held in favor of the department, highlighting the importance of correctly categorizing vehicles when applying Section 37(3B) to expenses incurred for business purposes. Case-Laws Income Tax Wed, 02 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3191