https://www.taxtmi.com/caselaws?id=12297 The court held that the insurance premium for accident insurance for managing directors is allowable as expenditure for the company under section 40A(5) of the Income-tax Act. However, reimbursement of medical expenses for directors was deemed a benefit and not an allowable expenditure. Cash compensatory support (CCS) received was considered a revenue receipt and taxable. Expenditure on fees to an advocate was accepted as revenue expenditure necessary for recovering blocked amounts, ruling in favor of the assessee. The judgment favored the assessee for insurance premiums and advocate fees but sided with the Revenue for medical expenses and CCS receipts. en-us Mon, 24 Jun 2002 00:00:00 +0530 Sun, 21 Feb 2010 06:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12297 The court held that the insurance premium for accident insurance for managing directors is allowable as expenditure for the company under section 40A(5) of the Income-tax Act. However, reimbursement of medical expenses for directors was deemed a benefit and not an allowable expenditure. Cash compensatory support (CCS) received was considered a revenue receipt and taxable. Expenditure on fees to an advocate was accepted as revenue expenditure necessary for recovering blocked amounts, ruling in favor of the assessee. The judgment favored the assessee for insurance premiums and advocate fees but sided with the Revenue for medical expenses and CCS receipts. Case-Laws Income Tax Mon, 24 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12297