https://www.taxtmi.com/caselaws?id=11773 The court ruled in favor of the assessee regarding the taxability of interest and discount on securities but in favor of the Department on treating certain expenditures as perquisites under section 40A(5). It clarified that section 40A(5) should only apply to expenses apportioned under specific heads and does not extend to the apportionment under section 20(1)(i). The reference was disposed of without any order as to costs. en-us Wed, 05 Mar 2003 00:00:00 +0530 Mon, 13 Jun 2011 19:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11773 The court ruled in favor of the assessee regarding the taxability of interest and discount on securities but in favor of the Department on treating certain expenditures as perquisites under section 40A(5). It clarified that section 40A(5) should only apply to expenses apportioned under specific heads and does not extend to the apportionment under section 20(1)(i). The reference was disposed of without any order as to costs. Case-Laws Income Tax Wed, 05 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11773