https://www.taxtmi.com/caselaws?id=9969 The High Court ruled in favor of the assessee regarding the disallowance of technical service fees paid to Mettur Beardsell Ltd., finding the payment deductible as revenue expenditure. However, the court sided with the Revenue in the exclusion of leave travel concession and medical insurance premium in computing disallowance under section 40(c) of the Income-tax Act, 1961. The court held that the premiums paid by the company for insurance policies were not a benefit to the directors. The reference was disposed of with no costs awarded. en-us Wed, 29 Mar 2006 00:00:00 +0530 Sat, 04 Jul 2009 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9969 The High Court ruled in favor of the assessee regarding the disallowance of technical service fees paid to Mettur Beardsell Ltd., finding the payment deductible as revenue expenditure. However, the court sided with the Revenue in the exclusion of leave travel concession and medical insurance premium in computing disallowance under section 40(c) of the Income-tax Act, 1961. The court held that the premiums paid by the company for insurance policies were not a benefit to the directors. The reference was disposed of with no costs awarded. Case-Laws Income Tax Wed, 29 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9969