https://www.taxtmi.com/caselaws?id=12683 The High Court of CALCUTTA interpreted section 37(3A) of the Income-tax Act, 1961 concerning the disallowance of expenditure on metered taxies. The Court ruled that such expenditure was not subject to disallowance under the specified sections, distinguishing the case from a Karnataka High Court decision cited by the Department. The Court emphasized the specific nature of the expenditure and its variance from the disallowance criteria outlined in the Act, ultimately deciding in favor of the assessee and against the Department. en-us Tue, 18 Dec 2001 00:00:00 +0530 Thu, 21 May 2009 11:37:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12683 The High Court of CALCUTTA interpreted section 37(3A) of the Income-tax Act, 1961 concerning the disallowance of expenditure on metered taxies. The Court ruled that such expenditure was not subject to disallowance under the specified sections, distinguishing the case from a Karnataka High Court decision cited by the Department. The Court emphasized the specific nature of the expenditure and its variance from the disallowance criteria outlined in the Act, ultimately deciding in favor of the assessee and against the Department. Case-Laws Income Tax Tue, 18 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12683