https://www.taxtmi.com/caselaws?id=276360 Amounts specifically quantified and reimbursed by an employer under a scheme for official business duties may be treated as reimbursement of expenditure, but only where the employer's breakup or certificate supports the claim; in its absence, verification is required. A salaried employee cannot claim separate business expenditure against salary income without independent business activity. For house-property income, annual letting value may follow municipal valuation where that approach has already been accepted on identical facts, and related interest expenditure requires verification before allowance. The note also indicates that unreconciled reimbursement-based business expenses should be recomputed rather than finally disallowed without examining the employer-linked component. 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 Amounts specifically quantified and reimbursed by an employer under a scheme for official business duties may be treated as reimbursement of expenditure, but only where the employer's breakup or certificate supports the claim; in its absence, verification is required. A salaried employee cannot claim separate business expenditure against salary income without independent business activity. For house-property income, annual letting value may follow municipal valuation where that approach has already been accepted on identical facts, and related interest expenditure requires verification before allowance. The note also indicates that unreconciled reimbursement-based business expenses should be recomputed rather than finally disallowed without examining the employer-linked component. Case-Laws Income Tax Wed, 18 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276360