https://www.taxtmi.com/caselaws?id=27963 The High Court held that Section 40(a)(v) of the Income-tax Act, 1961 does not apply to cash payments made by a company to its employee. Therefore, the Tribunal's restriction of medical expense reimbursement to Rs. 12,000 was deemed incorrect. The Court ruled in favor of the assessee, stating there should be no limit on the allowance provided by the company to its managing director for medical expenses. The Commissioner was directed to pay the costs of the reference to the assessee-company, with counsel's fee set at Rs. 800. en-us Mon, 14 May 1984 00:00:00 +0530 Wed, 17 Feb 2010 11:14:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27963 The High Court held that Section 40(a)(v) of the Income-tax Act, 1961 does not apply to cash payments made by a company to its employee. Therefore, the Tribunal's restriction of medical expense reimbursement to Rs. 12,000 was deemed incorrect. The Court ruled in favor of the assessee, stating there should be no limit on the allowance provided by the company to its managing director for medical expenses. The Commissioner was directed to pay the costs of the reference to the assessee-company, with counsel's fee set at Rs. 800. Case-Laws Income Tax Mon, 14 May 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27963