https://www.taxtmi.com/caselaws?id=276360 Employer-authorised procuring-business allowances quantified under a Senior Business Associate scheme may be treated as reimbursement of official expenditure when supported by an employer certificate; unsupported years require verification of the reimbursable component before recomputation. A salaried employee without independent business activity cannot deduct separate business expenditure against salary income, so that claim remains disallowed. Annual letting value of the relevant house property is to be determined using municipal valuation on identical facts, while the related interest deduction requires separate verification. The allowance supported by certification was allowable, with remaining reimbursement, property-interest, and valuation matters subject to verification. en-us Wed, 18 Apr 2018 00:00:00 +0530 Thu, 08 Nov 2018 10:58:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276360 Employer-authorised procuring-business allowances quantified under a Senior Business Associate scheme may be treated as reimbursement of official expenditure when supported by an employer certificate; unsupported years require verification of the reimbursable component before recomputation. A salaried employee without independent business activity cannot deduct separate business expenditure against salary income, so that claim remains disallowed. Annual letting value of the relevant house property is to be determined using municipal valuation on identical facts, while the related interest deduction requires separate verification. The allowance supported by certification was allowable, with remaining reimbursement, property-interest, and valuation matters subject to verification. Case-Laws Income Tax Wed, 18 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276360