https://www.taxtmi.com/caselaws?id=6122 Maintenance expenses of a flat owned by the assessee and used for employees were treated as perquisites attracting disallowance under s. 40A(5); following binding precedent, the HC held the expenditure not allowable and decided this issue in favour of the Revenue. Investment allowance under s. 32A for new computers installed in the office was held admissible because banking services involved "data processing" and generation of printouts, computations and management information, satisfying s. 32A(2)(b)(iii); this issue was decided against the Revenue. Travelling expenses of head office staff visiting the Indian branch were held outside s. 44C since the concurrent factual finding showed the expenditure was exclusively for the branch and merely routed through the head office; the deduction was allowed. en-us Wed, 30 Apr 2003 00:00:00 +0530 Fri, 05 Jun 2026 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6122 Maintenance expenses of a flat owned by the assessee and used for employees were treated as perquisites attracting disallowance under s. 40A(5); following binding precedent, the HC held the expenditure not allowable and decided this issue in favour of the Revenue. Investment allowance under s. 32A for new computers installed in the office was held admissible because banking services involved "data processing" and generation of printouts, computations and management information, satisfying s. 32A(2)(b)(iii); this issue was decided against the Revenue. Travelling expenses of head office staff visiting the Indian branch were held outside s. 44C since the concurrent factual finding showed the expenditure was exclusively for the branch and merely routed through the head office; the deduction was allowed. Case-Laws Income Tax Wed, 30 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6122