https://www.taxtmi.com/caselaws?id=23492 The High Court of Kerala considered the interpretation of Section 40A(5) of the Income-tax Act regarding the disallowance of medical expenses incurred by a company. The Tribunal directed the exclusion of medical expenses as per Circular No. 336 and a previous court decision, emphasizing that such expenses should not be treated as perquisites under the Act. The High Court instructed the Tribunal to reassess the issue based on the specific circumstances and applicability of the circular, highlighting the need for a thorough review. en-us Wed, 29 Nov 1989 00:00:00 +0530 Sat, 19 Dec 2009 16:01:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23492 The High Court of Kerala considered the interpretation of Section 40A(5) of the Income-tax Act regarding the disallowance of medical expenses incurred by a company. The Tribunal directed the exclusion of medical expenses as per Circular No. 336 and a previous court decision, emphasizing that such expenses should not be treated as perquisites under the Act. The High Court instructed the Tribunal to reassess the issue based on the specific circumstances and applicability of the circular, highlighting the need for a thorough review. Case-Laws Income Tax Wed, 29 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23492