https://www.taxtmi.com/caselaws?id=14151 The court ruled in favor of the assessee regarding guarantee commission paid to directors, stating it should not be considered for disallowance under section 40(c). However, the court sided with the Revenue on the calculation of disallowance for motor cars, jurisdiction of the Commissioner of Income-tax under section 263, inclusion of expenses on Adyar House, and medical expenses reimbursement, emphasizing adherence to statutory limits and ceilings under the Income-tax Act for fair application of the law in the assessment year 1978-79. en-us Mon, 22 Jan 2001 00:00:00 +0530 Tue, 14 Jul 2009 11:09:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14151 The court ruled in favor of the assessee regarding guarantee commission paid to directors, stating it should not be considered for disallowance under section 40(c). However, the court sided with the Revenue on the calculation of disallowance for motor cars, jurisdiction of the Commissioner of Income-tax under section 263, inclusion of expenses on Adyar House, and medical expenses reimbursement, emphasizing adherence to statutory limits and ceilings under the Income-tax Act for fair application of the law in the assessment year 1978-79. Case-Laws Income Tax Mon, 22 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14151