https://www.taxtmi.com/caselaws?id=17001 For section 37(3A) of the Income-tax Act, 1961, disallowance had to be computed on the assessee's aggregate specified expenditure as a whole, not separately for each business unit or office. The Court accepted that the statutory phrase "aggregate expenditure incurred by the assessee" treats the assessee as a single entity for this purpose, even where separate accounts are maintained for different branches. The issue was answered against the assessee and in favour of the Revenue, so the disallowance had to be worked out on the total specified expenditure. en-us Tue, 09 Jul 1996 00:00:00 +0530 Mon, 14 Sep 2009 15:25:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17001 For section 37(3A) of the Income-tax Act, 1961, disallowance had to be computed on the assessee's aggregate specified expenditure as a whole, not separately for each business unit or office. The Court accepted that the statutory phrase "aggregate expenditure incurred by the assessee" treats the assessee as a single entity for this purpose, even where separate accounts are maintained for different branches. The issue was answered against the assessee and in favour of the Revenue, so the disallowance had to be worked out on the total specified expenditure. Case-Laws Income Tax Tue, 09 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17001