https://www.taxtmi.com/caselaws?id=15763 The High Court of Madras allowed the travelling expenses of the wives of the chairman and managing director of a foreign company as a deduction in the assessment of the assessee's income for the year 1976-77. The court emphasized that the expenses were commercially expedient to facilitate business activities and strengthen relations between the companies, distinguishing this case from previous decisions disallowing expenses on directors' wives. The court highlighted the importance of assessing each case's circumstances and concluded in favor of the assessee, directing each party to bear their costs. en-us Wed, 01 Apr 1998 00:00:00 +0530 Thu, 27 Aug 2009 15:34:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15763 The High Court of Madras allowed the travelling expenses of the wives of the chairman and managing director of a foreign company as a deduction in the assessment of the assessee's income for the year 1976-77. The court emphasized that the expenses were commercially expedient to facilitate business activities and strengthen relations between the companies, distinguishing this case from previous decisions disallowing expenses on directors' wives. The court highlighted the importance of assessing each case's circumstances and concluded in favor of the assessee, directing each party to bear their costs. Case-Laws Income Tax Wed, 01 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15763