https://www.taxtmi.com/caselaws?id=276451 An amount granted to meet the expenses of managing and running a retail cloth shop was treated as exempt as a special allowance, benefit or perquisite under section 4(3)(vi) of the Indian Income-tax Act, 1922. The decisive test was whether the payment was made for expenses wholly and necessarily incurred in performing the duties, not whether the recipient actually spent the whole sum or matched expenditure exactly. Where the factual finding was that the amount was received to reimburse advertisement and other business expenses, the exemption applied to the entire receipt, including any surplus over actual expenditure. en-us Fri, 22 May 1964 00:00:00 +0530 Mon, 12 Nov 2018 13:10:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276451 An amount granted to meet the expenses of managing and running a retail cloth shop was treated as exempt as a special allowance, benefit or perquisite under section 4(3)(vi) of the Indian Income-tax Act, 1922. The decisive test was whether the payment was made for expenses wholly and necessarily incurred in performing the duties, not whether the recipient actually spent the whole sum or matched expenditure exactly. Where the factual finding was that the amount was received to reimburse advertisement and other business expenses, the exemption applied to the entire receipt, including any surplus over actual expenditure. Case-Laws Income Tax Fri, 22 May 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276451