https://www.taxtmi.com/caselaws?id=11685 Bank charges paid in India were held ineligible for weighted deduction under section 35B, so the Revenue's disallowance was upheld. Expenditure on company cars used by employees and directors for personal purposes was also disallowable under the restrictions on perquisites and personal expenditure, again supporting the Revenue. By contrast, expenditure incurred in shifting the administrative office from Madurai to Bangalore on amalgamation was treated as revenue expenditure allowable in computing business income, so the assessee succeeded on that issue. en-us Mon, 15 Jul 2002 00:00:00 +0530 Fri, 05 Feb 2010 19:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11685 Bank charges paid in India were held ineligible for weighted deduction under section 35B, so the Revenue's disallowance was upheld. Expenditure on company cars used by employees and directors for personal purposes was also disallowable under the restrictions on perquisites and personal expenditure, again supporting the Revenue. By contrast, expenditure incurred in shifting the administrative office from Madurai to Bangalore on amalgamation was treated as revenue expenditure allowable in computing business income, so the assessee succeeded on that issue. Case-Laws Income Tax Mon, 15 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11685