https://www.taxtmi.com/caselaws?id=15984 The court held that reimbursement of medical expenses and house rent allowance for the managing director should be considered for disallowance under section 40(c)(iii) of the Income-tax Act. Cash payments like house rent allowance to an executive are to be treated as salary for determining the ceiling under section 40A(5) of the Act. Surtax payable cannot be claimed as a deduction in computing business income under the Act. The court ruled in favor of the tax authorities on all three issues, denying the deductions claimed by the assessee. en-us Tue, 02 Dec 1997 00:00:00 +0530 Mon, 31 Aug 2009 13:09:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15984 The court held that reimbursement of medical expenses and house rent allowance for the managing director should be considered for disallowance under section 40(c)(iii) of the Income-tax Act. Cash payments like house rent allowance to an executive are to be treated as salary for determining the ceiling under section 40A(5) of the Act. Surtax payable cannot be claimed as a deduction in computing business income under the Act. The court ruled in favor of the tax authorities on all three issues, denying the deductions claimed by the assessee. Case-Laws Income Tax Tue, 02 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15984