https://www.taxtmi.com/caselaws?id=20221 The High Court of Calcutta ruled in favor of the assessee on multiple issues. It held that technical know-how fees were admissible as revenue expenditure, ex gratia payments exceeding statutory limits were deductible, contributions to welfare schemes were justified for business expediency, and medical reimbursements were not includible in the disallowance calculation under section 40A(5) of the Income-tax Act. The court's decision was supported by legal interpretations and precedents, providing detailed reasoning for each issue resolved in favor of the assessee. en-us Thu, 29 Jul 1993 00:00:00 +0530 Thu, 12 Nov 2009 15:24:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20221 The High Court of Calcutta ruled in favor of the assessee on multiple issues. It held that technical know-how fees were admissible as revenue expenditure, ex gratia payments exceeding statutory limits were deductible, contributions to welfare schemes were justified for business expediency, and medical reimbursements were not includible in the disallowance calculation under section 40A(5) of the Income-tax Act. The court's decision was supported by legal interpretations and precedents, providing detailed reasoning for each issue resolved in favor of the assessee. Case-Laws Income Tax Thu, 29 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20221