https://www.taxtmi.com/caselaws?id=12177 The court ruled against the assessee and in favor of the Revenue on all issues presented. The salary paid to drivers was held to be included for computing disallowance under section 37(3A). Reimbursement of medical expenses to specific individuals was also deemed relevant for disallowance under section 40(c)/40A(5). Expenses on events like dealers' conferences were classified as entertainment expenses under section 37(2A). The market value of a building as of January 1, 1964, was determined using the rent capitalization method for section 55A, aligning with the method prescribed in Schedule III to the Wealth-tax Act. en-us Wed, 21 Aug 2002 00:00:00 +0530 Thu, 18 Feb 2010 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12177 The court ruled against the assessee and in favor of the Revenue on all issues presented. The salary paid to drivers was held to be included for computing disallowance under section 37(3A). Reimbursement of medical expenses to specific individuals was also deemed relevant for disallowance under section 40(c)/40A(5). Expenses on events like dealers' conferences were classified as entertainment expenses under section 37(2A). The market value of a building as of January 1, 1964, was determined using the rent capitalization method for section 55A, aligning with the method prescribed in Schedule III to the Wealth-tax Act. Case-Laws Income Tax Wed, 21 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12177