https://www.taxtmi.com/caselaws?id=16100 The court ruled in favor of the assessee on the issues related to the exclusion of proportionate salary of employees for periods outside India and the treatment of medical reimbursement as part of salary for disallowance computation under section 40A(5) of the Income-tax Act, 1961. However, the court sided with the Revenue on the deductibility of the amount payable towards surtax in computing profits. Additionally, the court found in favor of the assessee on the eligibility of investment allowance for chemicals manufactured as heavy chemicals under the Ninth Schedule to the Income-tax Act, 1961, based on tonnage quantities. en-us Wed, 10 Mar 1999 00:00:00 +0530 Tue, 01 Sep 2009 11:21:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16100 The court ruled in favor of the assessee on the issues related to the exclusion of proportionate salary of employees for periods outside India and the treatment of medical reimbursement as part of salary for disallowance computation under section 40A(5) of the Income-tax Act, 1961. However, the court sided with the Revenue on the deductibility of the amount payable towards surtax in computing profits. Additionally, the court found in favor of the assessee on the eligibility of investment allowance for chemicals manufactured as heavy chemicals under the Ninth Schedule to the Income-tax Act, 1961, based on tonnage quantities. Case-Laws Income Tax Wed, 10 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16100