https://www.taxtmi.com/caselaws?id=19183 The court ruled in favor of the Revenue on the allowability of entertainment expenditure outside India under section 37(2A) of the Income-tax Act, affirming that the ceiling on entertainment expenditure applies regardless of the location of expenditure. Additionally, the court held that an appeal does not lie against the levy of interest under section 215 of the Act, based on precedent. Furthermore, reimbursement of medical expenses was considered part of salary and not subject to disallowance under section 40A(5), resulting in a ruling in favor of the assessee. Lastly, interest on loans borrowed for advancing to a subsidiary company was deemed allowable under section 36(1)(iii) in alignment with relevant legal provisions and precedents. en-us Fri, 17 Sep 1993 00:00:00 +0530 Wed, 04 Nov 2009 14:18:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19183 The court ruled in favor of the Revenue on the allowability of entertainment expenditure outside India under section 37(2A) of the Income-tax Act, affirming that the ceiling on entertainment expenditure applies regardless of the location of expenditure. Additionally, the court held that an appeal does not lie against the levy of interest under section 215 of the Act, based on precedent. Furthermore, reimbursement of medical expenses was considered part of salary and not subject to disallowance under section 40A(5), resulting in a ruling in favor of the assessee. Lastly, interest on loans borrowed for advancing to a subsidiary company was deemed allowable under section 36(1)(iii) in alignment with relevant legal provisions and precedents. Case-Laws Income Tax Fri, 17 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19183