https://www.taxtmi.com/caselaws?id=19088 Cash house rent allowance and reimbursement of gas and electricity expenses were treated as perquisites for disallowance under section 40A(5), following the Bombay High Court's earlier ruling in CIT v. Indokem P. Ltd.; that issue was therefore answered in favour of the assessee. Computation of deduction under section 80J had to be made in accordance with the Supreme Court's ruling in Lohia Machines Ltd. v. Union of India, so rule 19A(3) was not disregarded and that issue was decided in favour of the Revenue. The reference thus produced mixed answers, with each question resolved by binding precedent on the same statutory point. en-us Mon, 25 Jan 1993 00:00:00 +0530 Tue, 03 Nov 2009 18:44:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19088 Cash house rent allowance and reimbursement of gas and electricity expenses were treated as perquisites for disallowance under section 40A(5), following the Bombay High Court's earlier ruling in CIT v. Indokem P. Ltd.; that issue was therefore answered in favour of the assessee. Computation of deduction under section 80J had to be made in accordance with the Supreme Court's ruling in Lohia Machines Ltd. v. Union of India, so rule 19A(3) was not disregarded and that issue was decided in favour of the Revenue. The reference thus produced mixed answers, with each question resolved by binding precedent on the same statutory point. Case-Laws Income Tax Mon, 25 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19088