https://www.taxtmi.com/caselaws?id=18036 The court ruled against the assessee in both issues, affirming that medical expenses should be treated as perquisites and disallowed as expenses, as per Section 17(2) of the Income-tax Act. The court agreed with the Revenue that only specific medical treatment expenses could be deducted, not monthly medical allowances. Additionally, the claim for higher depreciation on machinery interacting with corrosive chemicals was rejected, as the machinery did not meet the criteria for the increased depreciation rate. The court upheld the Tribunal's decision on both matters, directing the Appellate Tribunal to act accordingly. en-us Mon, 20 Mar 1995 00:00:00 +0530 Sat, 26 Sep 2009 13:13:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18036 The court ruled against the assessee in both issues, affirming that medical expenses should be treated as perquisites and disallowed as expenses, as per Section 17(2) of the Income-tax Act. The court agreed with the Revenue that only specific medical treatment expenses could be deducted, not monthly medical allowances. Additionally, the claim for higher depreciation on machinery interacting with corrosive chemicals was rejected, as the machinery did not meet the criteria for the increased depreciation rate. The court upheld the Tribunal's decision on both matters, directing the Appellate Tribunal to act accordingly. Case-Laws Income Tax Mon, 20 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18036