https://www.taxtmi.com/caselaws?id=20414 The High Court ruled in favor of the assessee in a case involving the deductibility of expenditure for computer machinery installation charges and the disallowance of bonus payments to employees under section 40A(5) of the Income-tax Act. The court held that the installation charges were revenue expenditure as the computers were not owned by the assessee and did not provide enduring benefit, supporting their deductibility. Additionally, the court determined that the bonus payments were akin to salary and not perquisites, upholding the decision to disallow only a specific amount under section 40A(5). en-us Wed, 09 Jun 1993 00:00:00 +0530 Fri, 13 Nov 2009 17:28:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20414 The High Court ruled in favor of the assessee in a case involving the deductibility of expenditure for computer machinery installation charges and the disallowance of bonus payments to employees under section 40A(5) of the Income-tax Act. The court held that the installation charges were revenue expenditure as the computers were not owned by the assessee and did not provide enduring benefit, supporting their deductibility. Additionally, the court determined that the bonus payments were akin to salary and not perquisites, upholding the decision to disallow only a specific amount under section 40A(5). Case-Laws Income Tax Wed, 09 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20414