https://www.taxtmi.com/caselaws?id=12194 Foreign exchange fluctuation increasing the cost of imported machinery was treated as part of actual cost for investment allowance, while the trip-wise computation of travel expenditure under rule 6D read with section 37(3) was applied separately to each journey. Reimbursement of a director's medical expenses was regarded as a benefit or amenity within the ceiling under section 40(c), but employee food and beverage expenditure at the workplace was excluded from entertainment disallowance under the amended section 37(2A) for the relevant year. en-us Wed, 28 Aug 2002 00:00:00 +0530 Fri, 19 Feb 2010 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12194 Foreign exchange fluctuation increasing the cost of imported machinery was treated as part of actual cost for investment allowance, while the trip-wise computation of travel expenditure under rule 6D read with section 37(3) was applied separately to each journey. Reimbursement of a director's medical expenses was regarded as a benefit or amenity within the ceiling under section 40(c), but employee food and beverage expenditure at the workplace was excluded from entertainment disallowance under the amended section 37(2A) for the relevant year. Case-Laws Income Tax Wed, 28 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12194