https://www.taxtmi.com/caselaws?id=21141 The High Court of Bombay ruled in favor of the assessee, interpreting that the ceiling of Rs. 72,000 under the proviso to section 40A(5)(a) applies to employee-directors, not the limit under clause (c), based on a prior judgment in a similar case. en-us Thu, 03 Dec 1992 00:00:00 +0530 Fri, 20 Nov 2009 13:04:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21141 The High Court of Bombay ruled in favor of the assessee, interpreting that the ceiling of Rs. 72,000 under the proviso to section 40A(5)(a) applies to employee-directors, not the limit under clause (c), based on a prior judgment in a similar case. Case-Laws Income Tax Thu, 03 Dec 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21141