https://www.taxtmi.com/caselaws?id=21122 Commission paid to directors and senior management was treated as falling within the disallowance provisions in sections 40(c) and 40A(5). Surtax liability under the Companies (Profits) Surtax Act, 1964, was not deductible in computing business income. Investment allowance under section 32A was denied on new canteen equipment because the allowance is confined to plant and machinery used for manufacture or production and the statutory conditions were not satisfied. A provision for differential excise duty and consequential sales tax was disallowed because no accrued and legally enforceable liability existed in the assessee's hands. Full deduction was allowed for the initial contribution to an approved superannuation fund under section 36(1)(iv). en-us Fri, 01 Mar 1991 00:00:00 +0530 Fri, 20 Nov 2009 11:57:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21122 Commission paid to directors and senior management was treated as falling within the disallowance provisions in sections 40(c) and 40A(5). Surtax liability under the Companies (Profits) Surtax Act, 1964, was not deductible in computing business income. Investment allowance under section 32A was denied on new canteen equipment because the allowance is confined to plant and machinery used for manufacture or production and the statutory conditions were not satisfied. A provision for differential excise duty and consequential sales tax was disallowed because no accrued and legally enforceable liability existed in the assessee's hands. Full deduction was allowed for the initial contribution to an approved superannuation fund under section 36(1)(iv). Case-Laws Income Tax Fri, 01 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21122