https://www.taxtmi.com/caselaws?id=14065 The court ruled in favor of the Revenue, holding that the excess amount exceeding the prescribed limits for travel concession or assistance received by an employee should not be excluded from disallowance under section 40A(5) of the Income-tax Act, 1961. The court emphasized the importance of adhering to prescribed limits set by rule 2B to prevent excessive non-business expenses, stating that ignoring these limits would contradict the Act's purpose and scheme. en-us Wed, 09 May 2001 00:00:00 +0530 Mon, 13 Jul 2009 13:10:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14065 The court ruled in favor of the Revenue, holding that the excess amount exceeding the prescribed limits for travel concession or assistance received by an employee should not be excluded from disallowance under section 40A(5) of the Income-tax Act, 1961. The court emphasized the importance of adhering to prescribed limits set by rule 2B to prevent excessive non-business expenses, stating that ignoring these limits would contradict the Act's purpose and scheme. Case-Laws Income Tax Wed, 09 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14065