https://www.taxtmi.com/caselaws?id=21243 The court ruled in favor of the assessee on the interpretation of 'perquisite' under section 40A(5) regarding reimbursement of medical expenses to employees, following the decision in CIT v. Shriram Refrigeration Industries Ltd. However, the court sided with the Department on the inadmissibility of weighted deduction for certain expenses under section 35B. Additionally, the court found that salary paid to a director for services outside India did not meet the criteria for weighted deduction. Lastly, the court decided in favor of the assessee on the legality of invoking section 154 to withdraw interest allowed under section 214, citing conflicting interpretations among High Courts. en-us Mon, 19 Oct 1992 00:00:00 +0530 Sat, 21 Nov 2009 10:34:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21243 The court ruled in favor of the assessee on the interpretation of 'perquisite' under section 40A(5) regarding reimbursement of medical expenses to employees, following the decision in CIT v. Shriram Refrigeration Industries Ltd. However, the court sided with the Department on the inadmissibility of weighted deduction for certain expenses under section 35B. Additionally, the court found that salary paid to a director for services outside India did not meet the criteria for weighted deduction. Lastly, the court decided in favor of the assessee on the legality of invoking section 154 to withdraw interest allowed under section 214, citing conflicting interpretations among High Courts. Case-Laws Income Tax Mon, 19 Oct 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21243