https://www.taxtmi.com/caselaws?id=16339 The court ruled in favor of the Revenue on the taxation of the amount credited to the interest suspense account and the interest on debts of doubtful recovery. It held that a single limit of Rs. 60,000 applies for computing disallowance under section 40A(5) for both employees and former employees. Regarding the computation of disallowance under section 40A(5) for club membership subscription fees, the court ruled in favor of the assessee, but for maintenance expenses for employee accommodation, the decision favored the Revenue. The reference was disposed of without costs, and a certified copy was expedited. en-us Tue, 09 Mar 1999 00:00:00 +0530 Mon, 07 Sep 2009 11:12:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16339 The court ruled in favor of the Revenue on the taxation of the amount credited to the interest suspense account and the interest on debts of doubtful recovery. It held that a single limit of Rs. 60,000 applies for computing disallowance under section 40A(5) for both employees and former employees. Regarding the computation of disallowance under section 40A(5) for club membership subscription fees, the court ruled in favor of the assessee, but for maintenance expenses for employee accommodation, the decision favored the Revenue. The reference was disposed of without costs, and a certified copy was expedited. Case-Laws Income Tax Tue, 09 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16339