https://www.taxtmi.com/caselaws?id=15316 The court held that medical expenditure incurred by a company on an employee for bypass surgery was not allowable as a business expenditure under section 37 of the Income-tax Act, 1961. The court found the expenditure to be gratuitous and not incurred for business purposes, thus ruling in favor of the Revenue. Additionally, the court determined that the medical expenditure did not fall under section 40A(5) as it was paid in cash, following the precedent that cash payments are exempt from section 40A(5), ruling in favor of the assessee against the Revenue. en-us Wed, 18 Nov 1998 00:00:00 +0530 Tue, 04 Aug 2009 17:04:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15316 The court held that medical expenditure incurred by a company on an employee for bypass surgery was not allowable as a business expenditure under section 37 of the Income-tax Act, 1961. The court found the expenditure to be gratuitous and not incurred for business purposes, thus ruling in favor of the Revenue. Additionally, the court determined that the medical expenditure did not fall under section 40A(5) as it was paid in cash, following the precedent that cash payments are exempt from section 40A(5), ruling in favor of the assessee against the Revenue. Case-Laws Income Tax Wed, 18 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15316