https://www.taxtmi.com/caselaws?id=13807 Repairs and maintenance of premises provided rent-free to an employee were treated as a perquisite within the section 40A(5) disallowance framework, so the claim failed. Interest credited to an interest suspense account on sticky loans was held taxable even though it was not taken to the profit and loss account, so the assessee's objection failed. Section 44C was held inapplicable to expenditure incurred before 1 June 1976 because the provision operated only from that date, so the assessee succeeded on that point. Discounting charges on treasury bills were treated as business income rather than interest on securities, so the Revenue's contention failed. en-us Thu, 18 Feb 1999 00:00:00 +0530 Fri, 03 Jul 2009 10:21:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13807 Repairs and maintenance of premises provided rent-free to an employee were treated as a perquisite within the section 40A(5) disallowance framework, so the claim failed. Interest credited to an interest suspense account on sticky loans was held taxable even though it was not taken to the profit and loss account, so the assessee's objection failed. Section 44C was held inapplicable to expenditure incurred before 1 June 1976 because the provision operated only from that date, so the assessee succeeded on that point. Discounting charges on treasury bills were treated as business income rather than interest on securities, so the Revenue's contention failed. Case-Laws Income Tax Thu, 18 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13807